Business management, a secret to success

   

By Raúl Gorrín.-   It is fundamental in the dynamics economy market; this management refers to the capacity we have as an individual and as entrepreneurs to observe scenarios of the economy that guarantee a reasonable profitability to generate good services. This means, that it falls to us to seek economic opportunities and from this vision to mobilize capital towards them.

     In a market economy, prices are defined in terms of supply and demand. It is precisely at this moment that our business management will take advantage of these opportunities, channeling the savings of the population in productive activities with high profitability as a consequence of this mismatch.

     Because of this situation, the business activity that we perform, will seek to lower costs to maintain constant profitability levels. As we see, it is business management that ensures that the supply covers the demand in different productive activities also, generating procedures that make the costs constantly and they benefit the shoppers. Thanks to this activity, our capital will be oriented to produce what people demand for the satisfaction of certain needs.

     Perhaps the most relevant aspect that we must consider, is the constant increase of productivity that the business conducts. This particularity was studied by a successful economist who focused on the impact of innovations on what makes the market. From his point of view, business management stands out especially for looking for innovations that are accustomed in new and better ways to produce, improvements and innovations that generate successful productive activities. Indeed, they have significantly changed our lives as successful entrepreneurs with another approach to looking for productivity.

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