Business Management

The goal of business management is to create wealth for business owners by providing some value that consumers need. The process of business management involves

* Researching the market for profitable business opportunities,

* Developing strategies for marketing management, operations management, financial management and human resources management, and

* Implementing the strategies through planning, organizing, motivating and control.

Long-term survival requires that businesses be managed in a responsible and ethical manner by addressing environmental issues and employee career goals. There is also the issue of complying with the law of the land.