The best management process that can be employed by this firm is Management By Objectives since the major objective for this business plan is to establish a business firm aiming at increasing the shareholders returns while offering quality services to the clients.
This management process ensures that the business organization values, mission and goals communication and understanding among the employees and between the employees and the management. This management process plays a critical role in facilitating clear goal setting, decision making and corrective actions for the well-being of the business. With clear understanding and communication, the business will achieve its objectives. Besides having a few set backs, this firm has a number of advantages that include motivation, better communication, sharing common values and improving the transparency of goals (Drucker 2007).
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