What Was The Main Goal Of Business Managers

Let us make in-depth study of the following major goals of a business firm.

What was the main goal of business managers. It is generally agreed that the financial objective of the firm should be maximization of owners economic welfare. The shareholder wealth maximization goal states that management should seek to maximize the present value of the expected future returns to the owners that is shareholders of the firm. The absolute goal of management is for managers to achieve high performance from themselves and also from employees.

Here are seven management goals to set for 2014. Planning A financial manager differs from an accountant in that he will focus on planning a long-term financial strategy assigning the actual bookkeeping work to his underlings. Thats because excellent managers encourage the best possible performance and therefore achieve the best results.

The business is an economic institution operating in a socio-economic system. This goal is customer driven. No matter which type of management style is used by an organization the main objective of managers is to help employees reach company goals and maintain company standards and policies.

They must organize and create a structure for daily tasks and communication. In order to do that a financial manager needs to focus on smaller more specific goals of financial management. The manager strives to understand where and how your projects fit into the bigger picture to enhance your effectiveness.

Therefore objectives of business should be defined keeping in view its prevailing environment and its needs for survival and growth. Business managements primary purpose is to make use of the organisations resources human resources financial technological administrative or natural in a most cost effective manner to plan organize control and supervise their use by making sure that these are alliigned with meeting the objectives of the organization. These returns can take the form of periodic dividend payments or proceeds from the sale of the common stock.

For example if you operate a B2B company your goal should be to reach out to more company heads or HR departments. No matter what type of a manager you are youre responsible for motivating your team and improving your teams performance. Business development professionals help companies build strategic partnerships with other companies and increase revenue.