The Key Point Of Business Management - 1535 Words

I. Introduction In current, key point of business management is adaptation. â€Å"Being able to adapt quickly to new ideas, industries and technologies is something every business owner needs to learn to do to help their business thrive.† (Why You Must Adapt or Watch Your Business Die.) All organizations have to adapt to society, and the organizations have to have high performance on competition. However, the business world is quick changing every day. One key that help the organizations avoid risk successfully is the ability to understand the complexities of the organization’s targets, for example, customers, prospects and partners. Consequently, executives of the organizations have to create policy that can make vantage on competition, and†¦show more content†¦Business information systems, one of many information technologies, are designed for supporting business management on both policy and operation. Consequently, it can help executives have good decision on each sector of business management and it can connect working each the sector on sharing information during business the sector both operation systems and management systems. The important sectors of business management consist marketing management, financial management, human resource management, strategic management, production management, operations management, service management, and information technology management. (8 Branches of Business Management) From value chain of Rayport and Sviokla, the each functions of an organization can be clearly classified under four major functions are marketing management, financial management, human resource management, and operations management. (Marketing UC Journal.) Every the functions have a crucial role to lead organizations to successful. In this paper focus on 3 in 4 of businesses function from the value chain. In a world that change quickly, organizations should use information technology to support business because it can support marketing management, financial management, and human resource management. II. Marketing management Marketing management is crucial business function. The management function usurp the market share from competitor and