low rate of staff turnover in the business, maintain healthy relationship with employees and employeer, provide good working conditions, and good relationship with employees.
administration function
use modern technology efficiently, complains should be taken care of quickly and efficiently, make relevant information available for quick decision-making, vital information should be available to management when needed.
financial function
has to obtain capital from the most suitable source. Financial records have to be kept up to date. Surplus funds should be invested to save for the business expansion or growth.
general management
set direction and establish priorities in the business. Effectively communicate shared, vision, mission, and values. Ensures that employees have the necessary resources to do the work.
correlation between management and the success of the business
management play an important role in making the correct decisions and motivating employees to be productive
