Proficient Management for Business Success - Essay Example

Proficient management is a prerequisite for business success. It entails the interplay of various functions including control (Plunkett, Gemmy, and Attner 519)The first step involves establishing standards within the business strategic proposal. Standards guide departmental goals and in measuring business success. Organizational standards manifest through output. However, it also includes a measure of non-monetary items like loyalty, goodwill, and buyer attraction. Examples include cost standards and market share (Daft 508).

After which organizations assess their real performance. The step embroils preparation and regular review of performance reports to determine accomplished and unaccomplished targets. Generally, the stage involves assessing income, inventories, expenses, and product quality.The third step is comparing the organization's actual performance versus performance. Principally, it compares real actions to performance standards. Moreover, comparison facilitates the identification of deviations between performance and standards, which in turn promote timely response to the management issues (Dubrin 515).

The final component is taking corrective action for any identified variance. The stage mainly helps businesses to fix responsibility and minimize the reoccurrence of failures at the right quarters.Control applies past, present, and projection information to form operative control processes. Thus, control types are feedforward, concurrent, and feedback (Plunkett, Gemmy, and Attner 526).Feedforward is the deliberate modification to prevent losses. It guides emphasis on material, human, and financial resources within the organization.

Thus, is effective for the hiring of quality job employees.