Day-to-Day Operations of a Particular Business - Essay Example

For businesses to be profitable, they need to be well-managed and organized by the top management. The organization has to set up correct processes and departments to enable the smooth running of its business. The set processes need to be strictly followed by the managers and key supervisors in the organization. The business operations need to be overseen by the leaders of a particular organization which ensures that the set targets are achieved and even surpassed. The operations of the businesses undertaken by the organization need to be well organized as well.

Organization Leadership

            Organizations of all forms have a group of leaders who oversee the running of their daily business. The codes of conduct followed by the leaders of the organization are stipulated in the constitution of the memorandum of understanding of a particular organization. The leadership of the organization has to have leaders who are well-versed in the operations of the business (Ryans, More, Deutscher 49). If the organization is a form of innovation, its operations have to be run by an entrepreneur who came up with a business idea being implemented in a particular organization. Alternatively, if the entrepreneur or the owner of the business is just an initiator of the idea, entrepreneurs can come up with newer innovations to improve the entrepreneurs’ ideas.

            For an organization to reach its profit targets, it should treat all its stakeholders well. This is because, the stakeholders, most especially the consumers, creditors, and employees play a key role in production and supply. If an employee, creditor, and consumer are satisfied, profitability will be achieved. The leaders selected to manage the operations of the organization must possess the qualities of good leaders. Organizational leadership is the key to a successful organization since it is a major ingredient to quality output (Ryans, More, Deutscher 70).

This activity of business marketing is mostly delegated to the marketing department, which is given the role of finding the potential customers of their product. In the past and currently, various media of communication have been used as the medium of passing information on new or already existing products. The balance of payment has been said to be the zero difference in the sales and purchases of exports and imports respectively. With globalization, free markets have made countries market their products worldwide (Ryans, More, Deutscher 90). As a result, countries have been able to export products they produce and import products or services they cannot produce with ease. Marketing has in the recent time enabled countries to export products they produce in surplus to countries that have deficits of such products.