ownership
Easy to form and gives you complete control of your business
What is sole proprietor?
results of poor organizing
confusion, frustration, loss of efficiency, and limited effectiveness
establish the rules of conduct for a company
What are policies?
deciding in advance - what to do, when to do & how to do
What is planning?
A well-prepared new employee orientation program should
What is communicate the employer's philosophy and expectations?
the simplest structure for two or more people to own a business together
What is partnership?
the principles, practices, and guidelines that an organization follows when interacting with its customers.
What Is Customer Relationship Management (CRM)?
reasons that businesses have policies
What is They describe the responsibilities for the employer and the employees and they create a frame of reference for handling the issues that arise in an organization.
involves determining & providing human and non-human resources to the organizational structure.
What is organizing?
why it is important to organize information before preparing a business report
what is to arrange things in a logical order?
lets you take advantage of the benefits of both the corporation and partnership business structures
What is LLC?
purchased the right to sell goods and services from a parent company
what is franchise?
ways that customer relationship management benefits a business
What is
Improve Customer Satisfaction,
Improve Customer Retention
Increased Sales
Increased profit
data collection/Analytics
new leads
better marketing
involves manning the organization structure through proper and effective selection, appraisal & development of personnel to fill the roles designed in the structure
What is staffing?
consists of board of directors, chief executive or managing director,
the ultimate source of authority, manages goals and policies for an enterprise.
It devotes more time on planning and coordinating functions.
what is top level management?
is a legal entity that's separate from its owners
What is a corporation?
most important factor in carrying out brand promise
What is employees?
a value or experience a company's customers can expect to receive every single time they interact with that company.
What is brand promise?
deals directly with influencing, guiding, supervising, motivating sub-ordinate for the achievement of organizational goals
What is directing?
responsible to the top management for the functioning of their department. They devote more time to organizational and directional functions.
What is middle management??
is a special type of corporation that's designed to avoid the double taxation drawback of regular C corps
What is S Corp?
important aspects of project management
what is setting goals?
who explains the company's policies to a new employee during orientation and conducts performance evaluations
what is human resource management?
the process of checking whether or not proper progress is being made towards the objectives and goals and acting if necessary, to correct any deviation
what is controlling?
also known as supervisory / operative level of management. It consists of supervisors, foreman, section officers, superintendent etc.
they are concerned with direction and controlling function of management
What is low level management?