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.Know More
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.Learn more about Managing a Business
Logistics management encompasses the planning stages of the transportation of products and services in a company's supply chain. Logistics executives and logisticians oversee these aspects of supply from the point of origin to the final destination.Full Answer >
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 >
To successfully manage an office, one needs to develop and adhere to a standard employment policy. The office policy should include hiring and firing practices, expectations, and responsibilities for both the employer and the employees.Full Answer >
Administrative management refers to a process within an organization whereby information is stored, analyzed and distributed among its members to ensure smooth business operation. Additionally, it entails the control and coordination of certain business aspects and the people involved, allowing it to manage the support operations within an organization.Full Answer >