Today, the economy of the country has not been moved yet sophisticated. Domestic production is not enough, and export. In a unit can progress to all progressive. The most important rule management and human resource management, financial management, marketing management, product management, technical management. We work with people like this rule, which is essential is the most human resource management. In the article, study prepared by a group of students the second year of economics that you are reading this is about a small business management. We hope that the document will become the assistant to all readers appear. If the study of research and understanding of our lack or incorrect point any way we please get every suggestion to build constantly.
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Acknowledgments
Thank you for CUS Cambodia (CUS), which provided service learning.
Thank you for your parents, we created and pets cared for and sponsored learning so far.
Thank you for professors, all of which strive to teach enlightening to us. Especially Prof. Chrun Spohal , who is a professor of trainers in this subject.
Thank you for the effort spent in discussions suggest.
A SMALL BUSINESS MANAGEMENT
I. Introduction
What is a small business?
A small business is a privately owned and operated business. A small business typically has a small number of employees. In the United States, the legal definition of a small business is determined by the U.S. Small Business Administration (SBA), which sets the criteria to be used by the SBA in making small business determinations. Criteria by the SBA in determining the definition of a small business includes the number of workers employed or annual receipts. The following criteria is used by the SBA to define a small business:
Manufacturing: Maximum number of employees may range from 500 to 1500
Wholesaling: Maximum number of employees may range from 100 to 500
Services: Annual receipts may not exceed $2.5 to $21.5 million
Retailing: Annual receipts may not exceed $5.0 to $21.0 million
General and Heavy Construction: Annual receipts may not exceed $13.5 to $17 million
Special Trade Construction: Annual receipts may not exceed $7 million
Agriculture: Annual receipts may not exceed $0.5 to $9.0 million
The definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. A local bakery that employs 10 people is an example of a small business. A manufacturing facility that employees less than 500 people is an example of a small business.
II. Management
What is management?
Management plays a vital role in any business or organized activity. Management is composed of team of managers who have charge of the organization at all levels. Their duties include making sure company objectives are met and seeing that business operates efficiently. Regardless of the specific job, most managers perform four basic functions:
o Planning
o Organizing
o Directing
o Controlling
III. Planning
Planning is one of the most important project management and time management techniques. Planning is preparing a sequence of action steps to achieve some specific goal. If you do it effectively, you can reduce much the necessary time and effort of achieving the goal.A plan is like a map. When following a plan, you can always see how much you have progressed towards your project goal and how far you are from your destination. Knowing where you are is essential for making good decisions on where to go or what to do next.One more reason why you need planning is again the 80/20 Rule. It is well established that for unstructured activities 80 percent of the effort give less than 20 percent of the valuable outcome. You either spend much time on deciding what to do next, or you are taking many unnecessary, unfocused, and inefficient steps.Planning is also crucial for meeting your needs during each action step with your time, money, or other resources. With careful planning you often can see if at some point you are likely to face a problem. It is much easier to adjust your plan to avoid or smoothen a coming crisis, rather than to deal with the crisis when it comes unexpected. Planning is followed the SMART : Specific, Measureable, Achievable, Really, Time.
IV. Organizing
Organizing is a systematic process of structuring, integrating, co-ordinating task goals, and activities to resources in order to attain objectives. Organizing (also spelled organising) forstructure is the act of arranging elements following one or more rules.Commonly, anything is considered organized when it looks like everything has a correct order or placement, and is in a specific location. But it's only ultimately organized if any element has no difference on time taken to find it. In that sense, organizing can also be defined as to place different objects in logical arrangement for better.
V. Leading
Importance of leading in ManagementLeading is the third element of management, one of the management core functions. Here, a manager spends time connecting with his/her employees. Leadership skills include inspiring, communicating, motivating, and influencing employees for efficient output. All managers are not leaders, but all leaders are managers. An employee follows all the directions a manager gives because they have to, because managers have all the legitimate powers. But an employee voluntarily follows the direction of a leader because they have believed in him/her..
VI. Controlling
Controlling consists of verifying whether everything occurs in confirmities with the plans adopted, instructions issued and principles established. Controlling ensures that there is effective and efficient utilization of organizational resources so as to achieve the planned goals. Controlling measures the deviation of actual performance from the standard performance, discovers the causes of such deviations and helps in taking corrective actions
According to Brech, “Controlling is a systematic exercise which is called as a process of checking actual performance against the standards or plans with a view to ensure adequate progress and also recording such experience as is gained as a contribution to possible future needs.”
According to Donnell, “Just as a navigator continually takes reading to ensure whether he is relative to a planned action, so should a business manager continually take reading to assure himself that his enterprise is on right course.”
Controlling has got two basic purposes
It facilitates co-ordination
It helps in planning
Features of Controlling Function
Following are the characteristics of controlling function of management-
Controlling is an end function. A function which comes once the performances are made in confirmities with plans.
Controlling is a pervasive function- which means it is performed by managers at all levels and in all type of concerns.
Controlling is forward looking- because effective control is not possible without past being controlled. Controlling always look to future so that follow-up can be made whenever required.
Controlling is a dynamic process- since controlling requires taking reviewal methods, changes have to be made wherever possible.
Controlling is related with planning. Planning and Controlling are two inseperable functions of management. Without planning, controlling is a meaningless exercise and without controlling, planning is useless. Planning presupposes controlling and controlling succeeds planning.
VI. Conclution
Every business can not be without management stragtegy. The good way to manage your business, is applied for all business. If you want to develop your business, you should know how to manage its. Small business would like small stragtegy or low stragtegy. Large business would like high stragtety to manage its also. In the other hand, a country can be developed country if this country have a high managemet ether.
