10 MOST IMPORTAN BUSINESS OBJECTIVES

First of all, Iĺl make a brief introduction.

Objectives are an importan part for a business and those objectives must follow some rules.
The objetives are the main goals that you want to achieve with your company and, also, are importan to make a good planification.

There is some of the characteristics that a good objetive must have:

-Must be known and accepted by everyone
- Coherent and realistic
- Must know such a degree of compliance
- Must be quantifiable
- Compatible and organize in a hierarchy
- Can not be rigid

Talking about objectives we can see different classifications for those ones:
- Basic classification
- Temporal base
- Nature function

After this presentention I aim to you to check this link, there explain what are considered the 10 most important business objectives.

https://smallbusiness.chron.com/10-important-business-objectives-23686.html

AC

FUNCTIONS COMPANY

Hi, till now we have seen that a company has four functions: To plan, to organize, to direct and to control. Apart from the different explanations that we have given you, I have believed interesting to put on this video that summarizes it very well. 

MC

THE CONTROL 

Hi, till now we have spoken about three of the functions of management.

PLANNING, To think. What does go away to do? 

Establish general objectives. Which want to be obtained in a future. How it is going to be achieved. Which are the resources that are going to be in use for achieving it. 

ORGANIZATION, How does it go away to do? 

To define the activities and tasks to developing coordination, Dividing and distributing the work between the persons. 

DIRECTION, To do the planned thing.

Selection, formation and assignment of the persons in the different working places. To design the plan of incentives or prizes to motivate. 

And today we are going to explain the function of control.

That is the function of control?

To verify since has been realized. To assign tasks to compare the results foreseen with the royal ones to identify the diversions, to establish like to correct them.

It is the function that closes and completes the administrative process in a company consists of checking if everything is realized in conformity with the adopted program, the given orders and the admitted beginning. It is joined to that of planning.

We can identify three phases:

Fixation of standards, the criteria represent the procedure that guide the decisions. They provide means to establish what must be done and what performance or result to must be accepted like normally or desirably. To judge the results. 

Checking of the performance, to measure the royal performance with the standards. It is necessary to measure the royal results, compare them with the standards and analyze the diversions.

Corrective action, gesticulate to correct the diversions after the review, it is possible that all the diversions are not negative, if the differences are positive. 

The control is a way for preveer and to correct the problems, between his disadvantages they are; the cost, the falsification of the information and the possibility that the aim gets confused. 

I leave a video you later that explains the function of control. 

I wait you like it.

MC

The Organization

What is the Organization?

It is the process of establishing a series of rules, methods and principles that coordinate the means available to the company and thus achieve the objectives proposed in planning.

Whithin the organization we find a series of principles that are:
      1- Control Unit: each subordinate has a unique superior.
      2- Control Section: number of people who are directed effectively, between (5/6).
      3- Delegation Principle: can not make all decisions, so delegate charges to others.
      4- Divison of Work: they specialice in a specific task.
      5- Hierarchy and Authority: has de right to direct a group of people, establishing an order from greater to lesser authority.

Next we are going to see the Elements of the Organization.

     1- Strategic Apice: is constituted by the top management.
     2- Operations Core: composed of the members of the organization.
     3- Middle Line: the middle managers in charge of directly supervising the workers.
     4- Units of Supports: provide assistance to the company without belonging to it.
     5- Technostructure: plan and control without belonging to the company.

Within the Organization we can find two types:

     1- Formal Organization: It is based on professional relationships, use communications channels, the objetives are specific to the company.
     2- Informal Organization: It is bases on relationships for particular interests, communications channels are informal.

When it comes to representing a graph of the business structure in which we shape the organizational units and the relationships between the, it is called Organigrama.
We can find different types of flow charts, such as:

     Vertical, Horizontal, Radial, Informative, the Personal, Structural...

 

Another very important point in the organization are the Organizational Structures. We classify them into two categories, classic and modern.

      1- Classic:Are the traditional, hierarchical, functional and mixed.
     

 

     2- Modern: They are characterized by the flexibility they present, matrix, clover and network.

THE DIRECTION

Good  afternoon, today I'd like to talk about one of the functions of business managemente, it focuses on coordinating and integrating the whole of material resources and human company. I'm talking about the function of direction.

Three levels

Very important three functions, leadership, motivation, and communication.

That is the leadership? 
It influences in the behavior of others.

That serious the motivation?

To stimulate the behavior of the personnel  towards the interests of the company.

That is the communication?

To transmit and to receive information.

Archaeology for senior executives

I leave a piece of news of the University of the Instituto de Empresa (IE University) It plans to offer senior executive seminars to learn leadership and decision-making in the celtiberian and Roman site of Tiermes, Soria. Using as example Julio César's life.

https://elpais.com/cultura/2018/09/28/actualidad/1538156193_050401.html

Within the motivation, there are several theories, then I leave you a video explaining the theory of Herzberg.

Inside the skills, ther person in charge of directing must have vision and strategic thinkinf, vision consist of skill who possess certain people perceive the future of your company in the long term, projecting in time, to imagine new context where shouldwork, with new needs and resources, providing the necessary to comply with this and strategic thinking is to know focus on future challenges, both foreseeable and unforeseeable, for deciding future decisions.

Emotional and social intelligence, they are skills that you can develop and learn, some of the tools to enhance these capabilities are; self-knowledge, self-control, assertiveness and empathy.

Also there are many styles of direction, we speak of some of them:

AUTOCRATIC STYLE  Chief imposes the procedure. Set tense work.

PATERNALISTIC STYLE Protective attitude Takes the decisions, the máx exercises authority.

LAISSEZ-FAIRE Chief does not intervene in the decisions. Drives to a widespread confusion.

DEMOCRATIC STYLE They all inform agreeable Climate, though not always efficient.

Later you wide with a link, some more of the styles that we can find.

https://www.youtube.com/watch?v=P_zEYRaEsHI

MC

characteristic of business

https://www.youtube.com/watch?v=v1jrPiaP5UQ

Business Planification: As good as it's seems to be?

Hi, today we gonna talk about Business Planification, if it's good or not is a hotly debated topic, so, I'll try to explain my point of view, the dark face of this topic. I aim everyone to tell me your opinion in comments.

First of all, what is Planification?
Is to go forward to the future, from the present taking information from the past

It's done for the enterprises to stay in the business market and to make easier to achive their goals

Thats the theory, now lets talk about the downsides

-The efectivity of the planification depends on the information took from the past. This information is essential, a little mistake on this information can ruin the whole planification, and what is more important, our business.

-The recolection of information and planification is an exhaustive process, so, is not quick and of course, is not cheaper. Is a delicate process so, to do it correctly , a huge amount of resources are needed.

-That last one is in relation with the staff. A planification extremely harsh can stifle them, what cancern directly to the production process.

Thats some of the inconvenients but there are more of them, here is an article with more downsides of business planification:

https://smallbusiness.chron.com/disadvantages-business-planning-2541.html

In conclusion, Planification could be extremely benefict for your business, but is necesary to get to know the risks of a bad planification.

AC

THE WORLD BIGEST HOTEL MANAGERS ENTER THE BUSINESS OF THE TOURIST FLOORS

Hi, I leave a link that find me interesting, due to the demand for tourist apartments, some hotel groups have driven business the apartments tourist, for example Room Mate, directed by kike Sarasola.

https://cincodias.elpais.com/cincodias/2018/10/12/companias/1539350247_872163.html

 MC           

THE TOURIST HOUSINGS EXTRAHOTELEROS CONTINUE GAINING QUOTA IN SPAIN

Hello, here you have a piece of news, confirmed as going climbing accommodation tourist extrahotel, with regard to the hotels.

https://es.reuters.com/article/topNews/idESKBN1FK0XW-OESTP

MC

COMPANIES OF TOURIST HOUSING

The stars of the hotels in Spain

All hotels in the Spanish territory must request a classification before opening and display the assigned stars on a visible plate on the exterior facade of the hotel.

Minimum requirements:

1 star hotels The double room must have a minimum area of ​​12 m², the individual 7 m² and the bathroom (shower or bath) 3.5 m². In addition, it must have an elevator and heating.


2 star hotels The double room must have a minimum of 14 m², the individual 7 m², the bathroom (bath or shower) 3.5 m², and must have telephone in the room, elevator, heating and safe service.


3 star hotels The surface of the double room can not be lower than 15 m², the individual one of 8 m² and the bathroom (bath or shower) of 4 m². As for the facilities, you must have air conditioning in the common areas, bar, telephone in the room, elevator and heating.


4 star hotels The double room must exceed 16 m², the individual 9 m² and the bathroom (bath and shower) 4.5 m². It has to have air conditioning in the room, elevator, heating and telephone, safe and minibar in the room.

5 star hotels
In the highest category of Spanish hotels, the double room must not be less than 17 m², the individual 10 m² and the bathroom (shower and bath) 5 m². In addition, it must have air conditioning in the room, elevator, heating and telephone, safe and minibar in the room.

HELLO!

WELCOME

We're a group of friends with a same aim, we like everything related with the business world.

That's why we have created a blog to share our knowledge for those who have interest in the subject.