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  • Responsibilities of Management

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    The document outlines the general principles of business management and their responsibilities to various stakeholders. It discusses that management has responsibilities to owners to ensure profits are made, the business grows efficiently. To employees, management must provide remuneration, safe working conditions and training. To customers, management must provide quality products, fair prices and after-sales services. Management is also responsible to the government by paying taxes lawfully and adopting national goals. They are responsible to society by controlling pollution and being socially responsible.

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    Responsibilities of management (1)

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    The document outlines the general principles of business management and their responsibilities to various stakeholders. It discusses that management has responsibilities to owners to ensure profits are made, the business grows efficiently. To employees, management must provide remuneration, safe working conditions and training. To customers, management must provide quality products, fair prices and after-sales services. Management is also responsible to the government by paying taxes lawfully and adopting national goals. They are responsible to society by controlling pollution and being socially responsible.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    3 views10 pages

    Responsibilities of Management

    Uploaded by

    m j
    The document outlines the general principles of business management and their responsibilities to various stakeholders. It discusses that management has responsibilities to owners to ensure profits are made, the business grows efficiently. To employees, management must provide remuneration, safe working conditions and training. To customers, management must provide quality products, fair prices and after-sales services. Management is also responsible to the government by paying taxes lawfully and adopting national goals. They are responsible to society by controlling pollution and being socially responsible.

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    © All Rights Reserved
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    of 10

    Form 4 General Principles of business

    11th January 2022


    Management
    Responsibilities
    Management has a
    responsibility to
    Customers Employees

    Owners Society

    Government
    Management Responsibility to
    Owners
    • Ensure that profits are made

    • Ensure that there is growth in the business

    • Ensure that the business is running efficiently

    • Ensure that the owner is informed about


    business activities
    Management responsibility to
    employees
    * Provide adequate remuneration

    * Provide safe working conditions

    * Ensure healthy labor relations

    * Maintain good communication

    * Provide adequate on and off the job training


    Management responsibility to
    customers
    * Provide quality products

    * Provide adequate product information

    * Fair prices

    * Provide and honor after sales services

    * Provide adequate and fair arbitration with regards to customer


    complaints
    Management responsibility to
    Government
    * Pay their taxes

    * Conduct business in a lawful manner

    * Adhere to all social, environmental and economic policies set out


    by the government

    * Adopt nationalistic goals (EG goals that are geared toward


    economic growth
    Management responsibility to
    Society
    * Controlling and reducing their pollution from production

    * Help with environmental protection

    * Be socially responsible by sponsoring community events and


    providing aid to persons who suffered from natural disasters
    Assignment
    Assignment 1- Responsibilities of management on Moodle

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