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The Success of any business depends upon largely on the collective, organized and co-operative efforts of employers and employees. In a business, different people work having different combination of skills and knowledge that needs to be organized, guided and controlled in order to achieve the common goals for which the business or organization was established. Along with the leadership, the management or manager of the company does this Job for the whole business. We can say that Management is a decision making process and it covers all aspects of business of life. Whether, it is lower level or middle level or upper level, the proper management is need to achieve the end goals of the business. You may also be interested in Top 5 Characteristics of A Business There are 6 Functions of Management focusing on the primary goal of financial management and we discuss them one by one with examples in the below section. 1. Planning 2. Organizing 3. Staffing (HRM) ...

Here we discuss about top most important marketing issues faced by new entrepreneurs when they want to manage and grow their business. As we know that Marketing is the process in which different types of companies highlights the different aspects of their products and services to create a strong value in the eye of consumers and induce them to buy or atleast test the products and services. The Marketing Strategy depends upon on this fact that how much an advertisers create value for customers and build a strong relationship among customers and get better results in return. Basically, the main goal of Marketing is “To Create Value For Customers and Get Better Results In Return”. The Marketing Campaign is not an easy task and lot of efforts are made to achieve this main goal of marketing mentioned above. So, in promoting the products and services, new entrepreneurial firms face many marketing challenges, the most important of them are discussed one by ...

Here we discuss about the most important topic “ What Does Management Mean ” Management is the process of planning, organizing, staffing ( HRM ), leading and controlling the organization to accomplish goals. It is the most important subject for any organization and ignoring this subject leads to the failure of the organization. The study of this subject is wide and it covers various areas departments like Sports Club, Accounting, Finance and so on. Every process is very important in achieving the goals set for the success of the organization. Planning Management starts with Planning that sets our goals towards end results. Planning may be Start-Up Plans that set at top level and Operational Plans that set at middle and bottom line management. Organizing Organizing the Planned Data is the second step.  All the set Goals to accomplish end results are properly organized. Vision, Mission Statement, Plans, Goals, Objectives and Strategies...

Here are the disadvantages of being a  Manager (Think positively because these difficulties or disadvantages make a manager strong and determined. 1 Strict working hours     The first disadvantage for a manger is to face workload, longer hours but pay is not so great in lower levels. For example that manager working as first line manager has to work hard to see the work of lower employees but salary paid to them is very low e.g. Rs.10000. 2 Blame for Mistake Whenever the mistake arises the manager is the first person who has to face the blame and burden of failure in solving the problem. For example manager is the first person who has to blame for the mistake made by any employee that is under the control of manager. In fact it is the mistake of employee but as the manager task is to overseeing the work of others so he is responsible for this mistake. 3 Failure in fulfilling the Expectations Whenever the employee comes...

Here we discuss about the specific environment in Management with respect to Allied Bank. Specific Environment for Allied Bank includes  Customers , Suppliers , Competitors and P ressure Group . Customers   (you can also read E-Commerce to know about the difference between Customer and Consumer to better know about these terms). The Bank provides many facilities to its customers in order to create customer value being a Commercial Bank. These services include credit card facility, opening a account, deposit and withdrawn of cash, credit creation and the most important is ATM facility and online payment and receipt. Suppliers To provide efficient supply of its resources at lower possible price to the end customer is ultimate the goal of any bank. The supplies include supply of I.T based equipment and office related devices. Like other Banks, the strategy is to create partnership on specific term and conditions so that bank regulate its dai...

Introduction Here we study the role of manager in an organization planning and decision making process (Steps I n Decisio ns Maki ng Process) . Firstly, we start from planning. Planning involves defining the organization's goals, establishing an overall strategy for achieving those goals, and developing plans for organizational work activities. In any organization or company, planning is the first phase of management that has to be made by professional managers. This phase is very important to any company as well to managers because many different planning functions and each planning function create a standard for each of its employees to follow. Why Managers Plan Planning and Performance Ø To plan because they must provide their business with specific regulations and schemes to succeed Ø To insure success Ø To know how to run the business in the most efficient and in the right    manner possible Planning Features Ø Plannin...