'Managing the Entourage Club\r'

'The entour succession edict is a corporation by the students and for the students. The basic pick out of establishing this club is to pull up stakes the students various forms of entertainment on a lower floor one roof. This club is different from other table service standrs in the industry in a direction that it does not curb the conventional services interchangeable health gyms and sports facilities. besides this club is formed to foster reduce the stress levels of both the students.The membership pass on be entitled to people under the age of 30. This club will have various segments give to the needs of only. The membership fees would be very affordable to attract large crowds. Students of various universities will be hired as managers and will be offered graceful salaries to run the club. Each manager will be appointed based on experience and expertness to attract fellow students to the club. The club would have the pursuance entertainment facilities.The ento urage club would consist of to a owing(p)er extent than 50 employees that will be working in 6 incisions. The hierarchy would be a naiant one so as to improve intercourse between the dep nontextual matterments. Because the confederation belongs to the services sector where customer satisfaction is the top most(prenominal) priority.The company’s departments accept marketing, finance, customer c be, maintenance, creative and human election department. As mentioned above all the managers and coordinators will be students that would be studying in universities. This would be an on job experience for them and would also supporter them receive money. However a professional human resource officer would manage the human resource department so that quality recruitment is ensured.Managing the Entourage ClubManagement in earlier clock times was described as an art. solely as people started developing various theories of utile vigilance it soon became a scientific study. favored managers who sh ar their experience mainly contribute most of the theories in management. Since through possible it has gained universal credenza and recognition therefore they are now in stock(predicate) to students studying management and is indeed a great benefit.But many a mangers still believe that management is an art. Successful managers are those who have mastered the art and had capabilities. No one gentleman can draw a successful manager by interpreting and memorizing the theories given in the book (Chandler, 2004).As management is a practical filed. But according to me management is a blend of both an art and a science. Since it requires skills to be a manager and the scientific methodology help polish the skills of person. Rather than him learning the skills in the practical field. As today’s world is a competitive one where there is no time to waste.For e.g. In my club if I appoint managers that are new to the field it will take a lot of time for the m to gain experience in managing their employees and being productive at their task. But if, they are aware of the various forms and applications of management that they have came across in the theory of management.They indeed will pass on the desired goals in a much humiliated time span as correspond to others who have the talent but no prior knowledge. But also if the individual doesn’t possess qualities demand for being a manager, then in that courting even if he was aware of the theory he would never be successful at fetching the company forward.There are four major components of management. They include planning, leading, organizing and controllingPLANNINGOrganizational planning occurs all the time and in all manners. A top-level manager in a manufacturing fructify will have different plans as compare to the supervisor who is responsible for assembling modular homes on an assembly line. Planning could include setting organizational goals. In general, planning ca n be strategic planning, tactical planning, or contingency planning.Planning is the most great step in any organization. It is the backbone of the company on which future goals are based. It is essential to invent a strategy in order to accommodate the planning successful.The grand strategy of my company would be attain customer satisfaction and to achieve the assent and loyalties of my customer. To implement this strategy there will be a need of affective marketing and to provide services in the manner they were described to the customers. In that way only the company will be able to achieve their goodwill. For our company a hassle is basically defined as any billet that proves to be a hindrance or obstructor in providing the customers with the services they have paid for.Decisions would be made on the spot with the consultation of all the managers of the department to involve them all in company’s decision making. All employees should be alert contributors on the co mpany’s affairs and should provide some value addition. The three types of plans that the company uses in its operations include strategic, tactical and operational plans.\r\n \r\n'