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Planning, Directing, and Controlling
A clever sign hanging on the wall of a business establishment: "The Managers are paid to manage the work-- If There Were No Problems we wouldn't require Managers." This suggested that all organizations have problems, and it is management's responsibility to deal with those problems. While there is some truth to this characterization, it is possibly more reflective of a "not so impressive" organization that is moving from one crisis to another. The True managerial talent goes beyond just dealing with the problems at hand.
What exactly the term managing means? Managing requires number of skill sets. Among those skills are leadership, vision, and the ability to procure and mobilize financial and the human resources. All of these tasks should be executed with an understanding of how actions influence the human behaviour within, and external to, organization. In addition, good managers must have endurance to tolerate challenges and setbacks while trying to forge ahead. To effectively manage an operation also requires follow through and execution. But, each management action is predicated upon some particular decision. Thus, good decision making is critical to being a successful manager.
Organizing (1) It is the establishment of the framework within which the required activities are to be performed and the designation of who should perform such activities. It inc
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Q.Process of Pricing in maturity period? Maturing periods is the third stage in the life cycle of a product. If is a stage between growth period and decline period of sales. So
Project C would involve a current outlay of $50,000 on equipment and $15,000 on working capital. The investment in working capital would be increased to $21,000 at the end of the f
Use of Budgetary controls Budgetary controls are used for the following reasons: 1) To state the objectives of the organization as a whole. 2) To reveal the extent by whi
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Competition oriented pricing policy Most companies fix the price of their products after a careful consideration of the competitor's price structure. Deliberate policy may be f
The advantages and disadvantages of standard costing The benefits for controlling having a standard costing system in operation can be summed up as follows; Cautiously pl
where can I get the solution for the question on this link: http://www.expertsmind.com/questions/determine-the-cash-flow-budget-monthly-cash-disbursement-30145416.aspx I have att
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