Have you ever wondered what makes management an integral part of your business? Undeniably, an effective management is required to guide the employee onto a path of efficient and productive work. Just have a look at the reasons that make business management quite important -
Reduce the wastage
In a scenario when your business is effectively managed, you will notice the reduction in wastage. It will further lower the overall costs thus attaining the state of resource optimization. Thus, the proper utilization of resources and reduced wastage will prevent the exploitation and under employment.
Works on the stability
It is important to manage the organization in such a way that it does not hamper its functioning. It will not be possible without proper management. It will provide stability and adaptability to the company.
Build an efficient organizational structure
Proper management enables to build an efficient organizational structure, thus setting the targets and optimizing the utilization of resources. It further helps in increasing profit by maximizing the productivity and reducing costs.
Thus, business management involves the integration and coordination of resources in order to move effectively towards desired objectives. Holding a solid background in business management, Sunil Vethody is solely responsible for the development of business plans as well as models. Besides, he developed and managed three successful organizations with average annual revenue of 5-10 million dollars. These organizations include a technical consulting, a staffing and a vocational school specializing in Allied Health programs. He also supervised the day-to-day operations of the organization right from inception. Sunil Vethody is well versed with all the aspects of management of small to medium sized organization. Pertaining to his management experience, he holds an experience of over twenty years in business development including -
Besides, Sunil Vethody is a renowned Operations Research specialist who has made use of his skills to design different strategies and perform upgrade on various accounting systems.
About Sunil Vethody
Pertaining to his education credentials, Sunil Vethody has completed his Master of Science in Operations Research from Northwestern University in 1990. In 1987, he pursued Bachelor of Technology from IIT, Kharagpur.