Management is how we make the best out of the present economic situation, which is the style used to accomplish set objectives. It encompasses decision making, planning and organizing work by a company a level of management and even from person to person. Taking economies of scale which lowers per unit cost due to increased purchasing power and networking as a result the technical and financial aspects has an overall positive effect thus increasing wealth. Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources and prices at which goods and services can be traded meanwhile macroeconomics is a branch of economics that studies how the overall economy, the market or other systems operate on a large scale. Home economics or family and consumer sciences are today a subject concerning human development, personal and family finance, housing and interior designing, nutrition and welfare. Home is a heart-warming yet super uncomfortable even sometimes frustrating duty to perform so find time to approach and keep it going.
In business using a good management style is a crucial step to make for proper allocation of funds and assignment of tasks to function as expected facilitating productivity and activity for the enterprise and establishment. A family business is a commercial organization in which decision making is influenced by multiple generations of a family related by blood or marriage or adoption having the ability to influence the vision of the business to pursue outline goals.
Mrs. Y, Mr. Y1 and child Y2 are working alongside Mrs. X, Mr. X1 and child X2.
Mummy — — — -Mrs. Y/Eco — — — -Mr. Y1
Mammy — — — -Mrs. X/Me — — — -Mr. X1
Team style is a small unit that has grown with a sense of belonging in a firm ready to add value by offering talent, innovation and adaptability. This way is a way to go looking for interpersonal skills, discussing safety concerns; team management style is a leadership style emphasizing both task productivity and good working environment. Here an authoritative leader knows the mission, empowers team members to take charge just as she is, driving strategy to improve individual strengths thus they all emerge as leaders themselves.
Y1= Team A or 1 (Anthers)
Y2= Team B or 2 (Ditz)
Y3= Team C or 3 (Kraft)
Y4= Team D or 4 (Zeat)