MANAGE YOUR BUSINESS AND GET RESULTS WITHOUT STRUGGLE

By Ali Mwambola

The book can help CEOs, Managing Directors, General Managers and other Managers acquire management knowledge and leadership skills that can enable them manage their businesses and get good results without struggle

• Language: English
• Publisher: Ali Mwambola
• Release date: Sep 14, 2016
• ISBN: 9781536558395

Book preview

CHAPTER 1

PROBLEMS OF MANAGING BUSINESS

1.1INTRODUCTION

Managing business is very difficult. I have been a manager myself so I know what I am talking about.

You work hard to develop your management and leadership skills to help you manage a business. Sometime you feel you are achieving the business goals, but then ... suddenly you realize there is a down turn in operations and you fail to achieve the desired objectives

And now the dilemma begins...

Your board of directors or the business owner becomes impatient to let you continue to achieve less than what was planned

How do you get out of such unpleasant situation?

1.2 PROBLEMS FACING MANAGERS TODAY

When you are a manager of business or an organization and you fail to achieve desired objectives, you can’t properly focus on growing the business or organization. The panic and worry dominate your mind and nothing works the way it should

When you are not able to achieve objectives e.g. profits, then cash flows of the business will be affected, the business won’t have funds to spend on marketing, no cash to pay creditors etc and it can be an endless struggle to keep things in order

If this situation continues without any improvement, you will be stressed out and all you can think about is getting out of such a situation before something really bad happens to you

With no training on how to achieve objectives, your primary barrier is struggling to achieve objectives to keep things rolling

If you fail to achieve objectives continuously, your business will very likely fold

I know that’s not what you want and it is not what I also want. You have ambitious goals and dreams of doing great things with your business and you should have the opportunity to make it a reality

As a manager you put your neck on the line, take the risks and create amazing solutions... helping also countless people (including employees) along the way

If many managers are failing, something is fundamentally wrong with the way things work. That is the reason I want to play my part in helping you overcome such challenges 

1.3 GETTING OUT OF THE UNPLEASANT SITUATION

So, here is an awkward situation: There is no practical training institution that can teach you how to successfully get out of unpleasant situation of not being able to achieve desired objectives.

Many colleges and universities teach good stuff on management and general business fundamentals, but let me ask you a very important question:

How much experience do most of the University professors have in managing businesses successfully? Unless you are lucky to get one professor who does have such kind of experience, then you are on your own 

As I mentioned earlier on, one of the primary problems to overcome management challenges is that you are pretty much on your own

And since there is almost no training, education or support available on the subject, you have to take your best guess and hope things work out

I am pleased to inform you that my firm – AVIC Consultants has created and refined a powerful system that can help you succeed in achieving desired objectives easily.

You can contact me through: [e-mail]

CHAPTER 2

BUSINESS MANAGEMENT

2.1 INTRODUCTION

Businesses are established by owners to fulfill purposes. The owners in turn delegate the role of fulfilling purposes to Board of Directors. The Board of Directors appoints a management team to manage the business to achieve desired results or objectives.

In this regard it is your responsibility as CEO or Managing Director to ensure that the wishes of business owners are fulfilled.

To succeed in fulfilling the wish of owners you MUST establish an environment for workers or employees of your business to work hard so that desired objectives are achieved

The foregoing clearly shows that you have an enormous task of ensuring the wishes of business owners are fulfilled.

If you fail you’ll definitely be fired. That’s the reality of things... 

C:\Users\Mwambola\Pictures\Friday blog\James MwafongoSupervisor.png

Fig.1: A typical Organization Structure of a Business

2.2 BASIC BUSINESS MANAGEMENT COMPONENTS

As the CEO of a business, your most important task is to determine the future direction of the business and implementing decisions aimed at achieving business objectives.

To achieve desired objectives you ought to focus on the following critical business components:

Establishing the mission of the business

Formulating business philosophy

Establishing policies of the business

Establishing management and operational systems

Setting objectives of the business

Developing strategies of the business

Establishing organization structure

Finding competent employees

Establishing business procedures

Getting resources for the business

Setting business standards

Establishing management team

Establishing plans

Establishing controls

Motivating employees

You need to know that the entire management process has two major dimensions:

Planning process

Implementation of plan and control mechanism.

2.3 PLANNING PROCESS

As CEO or Managing Director of a business you are the custodian of the planning process. In this regard, you must make sure that decisions are made in planning concerning the organization’s mission, philosophy, policies and objectives and methods of achieving the objectives

The decisions that you make are those that have long term consequences for the entire business. They are made in response to the anticipated environmental threats and opportunities in the future

2.4 IMPLEMENTATION AND CONTROL

You are responsible for making a variety of managerial decisions, such as the type of organization structure, leadership styles, management information systems and monitoring and evaluation systems used to ensure that the business objectives are achieved effectively

CHAPTER 3

MANAGING A BUSINESS THAT FAILS

If your business fails, then the first person to be blamed is you as the Chief Executive Officer, Managing Director, General Manager, Director General, etc.

This means that any failure of business is blamed squarely on you and your management team.

In my experience as Chief Executive and Consultant, I have seen many Executive Officers been fired because they could not achieve desired results.

In most cases the businesses failed because the CEO failed to apply his/her management experience and leadership skills

Given below are some of the issues which were not properly handled; thus contributed to the business failures to realize desired objectives.

3.1 ABSENCE OF FOVOURABLE WORKING ENVIRONMENT

Management completely failed to establish an environment conducive for employees to work hard so that they realize desired results (objectives).

This involves a systematic approach designed to assist individuals or groups of people to work together to get things done in an organized way. It is a method which sets out in logical fashion, a step by step approach in any task or job

When a team of people is working well