Strategic planning in business

Planning is deciding in advance what to do and how to do. Planning may be defined as –“setting objectives for a given time period, formulating various courses of action to achieve them and then selecting the best possible alternative from among the different courses of action.” Planning function of management involves determination of objectives and the steps to be followed to achieve these objectives. It precedes organizing, directing and controlling. All other functions are performed within the framework of planning. Planning is essentially forward-looking. It is the process of charting out the path for future actions to achieve the objectives of business. Planning is required in all types of organizations and at all levels of management. It is the process of choosing the best alternative among alternative courses of action. Strategic planning requires application of the mind involving creative thinking and imagination foresight and sound judgment. A business strategy plan refers to the future decisions defining the small business organizations directions and scope in long run. For example, a company’s marketing strategy has to address certain questions like who are the customers, who is the demand for the product? What are pricing policies? How do we advertise the product? All these objectives has to analysed and satisfied.

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Importance of management in business

No business runs on itself even on momentum. Every business development needs repeated stimulus which can only be provided by management. Thus, management is a dynamic life giving element without which the resources of production will remain as mere resources and not become production. The following points bring out the objectives and importance in sharp focus:
Management is concerned with conversion of diverse resource people, machines money time and space into a useful enterprise. Success of business enterprise depends on the three important factors namely
• How efficiently and effectively it has used its human and physical resources.
• How effectively t has adapted the enterprise to the prevailing business environment e.g. needs and desires of customer, social and political situation of the country.
• How far the existing business policies have succeeded in realizing the aims and objectives of the business.
Efficiency of an organization will depend on how far its management ahs been successful in providing leadership to the subordinate workers and in involving them mentally and emotionally in the accomplishment of organizational objectives. Leadership is a function quite different from other managerial skills. It means influencing other the stated objective enthusiastically. Management provides leadership by explaining the purpose behind organizational goals and their necessity like investing in tough economical times.

Importance of organizing in business

Organizing is the process of defining and grouping the activities if the enterprise and establishing authority relationship among them. The first step in the process of organizing involves identifying and dividing the total work to be done into specific activities. One individual cannot perform the entire work. By dividing the work the burden of work can be shared among the employees. It facilitates specialization of work and skills. The work is divided in to manageable activities so that duplication can be avoided. The second step is to combine or group similar jobs into larger units called departments, divisions or sections. The jobs of managers and non-managers are clearly defined while organizing. It enables effective administration and clarity in working relationship. A sound organization helps in the optimum utilization of technological and human resources by avoiding duplication of work and overlapping of efforts. Organizing helps in the growth and diversification of an enterprise. It allows a business enterprise to add more job positions, departments and even diversify their product lines.

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Blood Pressure Monitor

Blood pressure is the common problem for many people nowadays. The variation in blood pressure is due to the force of blood against the blood vessels. When blood pressure is increasing over a period of time it is called as high blood pressure or hypertension. It gives more strain to heart and leads to hardening of arteries. It increases many risks like stroke, heart attack. According to a survey it is found that one third of Americans die because of hyper tension. It also causes many health disorders like heart failure, kidney disease and blindness. More number of people falls under pre-hypertension category. They don’t have high blood pressure now but they are more likely to get hypertension. There are many treatment and medications are available. It can be followed by prescribed medical practitioners. But they have to be taken regularly. Skipping of tablets or medicines may lead to serious disorders. It is advisable to have ambulatory blood pressure devices. It helps the patient to read blood pressure periodically everyday. So they may have control over raise in blood pressure. Accurate blood pressure monitors are available to read and diagnose low, normal or high level blood pressure. According to many surveys people who keep an eye on Blood pressure variations have more control than others. Before buying home blood pressure monitor we have to think about few things. It is better to choose electronic monitoring device rather than mercury. It should be cost effective. Please take effective measures to control BP and have a helath life.