Importance Of Management For A Fast Food Industry

Importance of Management for a fast industry

Management is a process to achieve organizational goals by working with people and other organizational resources. The organizational resources can be elaborate as follows.

• Financial resources

• Physical information

• Human resources

• Information

Any kind of industry needs good management techniques to achieve the organizational goals by Planning, organizing, leading, staffing and controlling the pool resources, last long in the market and be efficient in the market. Let’s talk about the Importance of management techniques for a fast-food industry

1. To achieve the group goals

• Management helps in achieving group goals by giving a common direction to the individual effort. It will guide

To reduce the cost of organization & reduce wastage.

• Management standards always helps to take the optimum utilization of resources.

• When it comes to the fast food industry, we can identify 3 key areas which need to concentrate

- Raw ingredients

 In fast food industry, main ingredients are vegetables, dishes & other cookery items.

 When using the raw-materials, we need to use effective & efficient strategies to purchase them, use them and dispose them to reduce the costs and wastage.

- Employee workforce.

 Basically chefs, quality checkers, delivery boys & other non-operational employees like managers, accountants, sales executives, cleaners & employees work in call centers are the main workforces that need in the fast-food industry.

 This is the most important resource in any kind of industry. It need to clearly identify the exact talent by designing jobs, designations that need to acquire to the organization by clearly mentioning the job roles and duties. - Financial resources

 Managing the financial resources also one of the crucial part of any kind of business. Proper utilization will increase the profits. Perfect strategies must establish to manage/handle the expenses and income. Proper maintaining and auditing is a

Leader still give directions to take decisions. However he also focus on encouraging & improve the solicits inputs from subordinates while explaining the reasons for decision taken. In this style, the leader acts like a teacher.

DELEGATING

The Leader must involve when they are discussing the tasks. Then leader must give the freedom to the employees to achieve their targets while fulfilling the organizational goals. The situational leader will gradually reduce their supervision and involvement in the daily activities of team members

CLEAR VISION

Situational leader must have a good vision on what the team is doing & where the team is heading to. With a group of highly developed and mature followers, they have the humility to accept limitations and seek the higher wisdom of the