Q:

What is the meaning of office management?

A:

Office management entails managing logistics and employees and sometimes involves analyzing income and expenses. Many office managers are also responsible for developing tactics and strategies for the future.

Once a company grows beyond having a handful of employees, managing it becomes more challenging. While some business owners serve as managers, many prefer to hire professional office managers, who allow the owners to focus on other tasks.

Managers often deal with the business' finances. When a company is not large enough to hire a full-time accountant, managers will often tally expenses and revenue and calculate company profitability. They must also handle taxes and pay checks and other costs involved with running a business, and they could even count money and handle other sensitive tasks.

Managers are also in charge of dealing with employees. Hiring decisions are often left to managers, and they must deal with employee compensation. Managers are generally on the front line of handling office disputes, and they help maintain employee morale.

At many companies, managers serve as analysts. Since they are responsible for handling financial information, they can often find areas for potential improvement. Managers seek to find ways to cut costs and improve productivity while keeping company morale high.


Is this answer helpful?

Similar Questions

  • Q:

    What is the meaning of proactive management?

    A:

    Proactive management refers to managing or running a business with strategies that address expected difficulties before they happen in an effort to mitigate risk. This style of managing a business focuses on anticipated markets, trends, problems and consumer demands.

    Full Answer >
    Filed Under:
  • Q:

    What are inbound logistics?

    A:

    Inbound logistics are the functions of general logistics management that concern arranging the influx of raw materials, parts or finished inventory from suppliers to end users. Logistics plans, implements and controls the flow of goods between an origin point and an end point where those goods will be consumed according to the University of Nebraska.

    Full Answer >
    Filed Under:
  • Q:

    What does management do?

    A:

    Managers typically function as the top supervisors in a specific department of an organization and carry out a variety of duties. Management directs and delegates tasks to employees, plans and organizes the scope of work for the department they oversee, and monitors the progress of assignments and projects. Managers also work as intermediaries between their reporting staff and the company's executive-level leadership.

    Full Answer >
    Filed Under:
  • Q:

    What are office procedures?

    A:

    Office procedures are clearly defined practices that everyone who works in an office follows in the event of common or uncommon situations that arise throughout the work day. Office procedures include employee job descriptions, confidentiality protocols, phone and inner-office etiquette and hazardous materials disposal, if applicable.

    Full Answer >
    Filed Under:

Explore