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What is a great organization how do you think management contributes?
Wiki User
∙ 9y ago
One of the greatest organizations in modern times is Amazon. It would not be where it is today without the innovative business model developed by Jeff Bezos. The use of long-tailed economics is a key to its success.
Wiki User
∙ 9y ago
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Can a non-profit organization buy mutual funds?
yes i think so as long as they are used to help the organization
When does bureaucracy become a problem in an organization?
I do think a bureaycracy become a problem in an organization whenever the manager fail to control the developmetn of the organizational hierarchy preperty
How does one start a security business?
I think u have to go to college for security they have that now, then probably again for business management again I think
What grades do you have to have on 4 year degree to join FBI?
As the FBI is more of a think tank organization you need to have a high B at least. That is why most of their agents are accountants or lawyers.
What is the importance of learning financial management?
Financial Management ImportanceFinancial management importance can be explained as management of money matters. It deals with managing money in all areas of life. Financial management includes personal financial management and organizational financial management. Personal finance management will help you manage the finance of your home which includes budgeting, saving, investing, debt management and other aspects related to personal money where by an individual can achieve personal goals. Whereas organizational finance management means the management of finance of a business or organization in order to achieve financial objectives. In an organization the key objectives of financial management would be to create wealth for business, generate cash and gain maximum profits from the investments of the business considering the risks involved.Financial management is very important for both individuals and organizations because it deals with managing the funds. It guides a company and individual to make optimum use of money to achieve maximum returns. For an individual financial management will help to save more and thus invest more. Since in includes debt management, it will guide the individual to create a financial plan whereby all the debts are paid on time. It will help to spend less and earn more, this will lead to more savings and thus a secure future. Financial management will help in retirement and investment planning .Lack of financial management in business will lead to losses and closure of business. With the study of financial management we can protect the business from miss management of money. Without proper financial management debts will not be paid in time and may make the businessman insolvent. Financial management will study the balance sheet of the company and keeps a watch on all sensitive facts that can endanger business into loss. It teaches us that we should think about cost, risk and control in any business and borrowed money must be minimum. It also explains the importance of time, risk and returns on investment. The return on investment must always be more than the cost of capital, risk investment should be least. We should get our money within a short period of time, all these facts are important for success of any business.Financial management consists of several aspects of business where a finance manager makes decisions on the basis of the financial data with regards to allocating funds, financing business and to develop policies to achieve business goals. Different types of accounting tools are used to manage finance in any business. For example ratios are used to compare performance of the business periodically and also with other businesses. The profitability ratio measure the profit margin, return on assets and return on equity. The liquidity ratio measure the current ratio and quick ratio that provide information on the company's ability to pay off debts. This ratio analysis enables the organization to compare and measure its performance. Financial management evaluates the performance of the business and keeps a check on the profitability aspect of the business.The importance of financial management can be summarized as follows:It brings economic growth and development through investments , financing, dividend and risk management decision which help companies to undertake better projects.When there is good growth and development of the economy it will ultimately improve the standard of living of all people.Improved standard of living will lead to good health and financial stress will reduce considerably.It enables the individual to take better financial decision which will reduce poverty, reduce debts and increase savings and investments.Better financial ability will lead to profitability which will create new jobs and in turn lead to more development , expansion and will promote efficiency.In personal life, financial management helps us to create a comfortable life with an assurance of a secured future and freedom to spend money to make us happy. The importance of financial planning and management is reflected in all the areas of personal and business life , it must not be avoided. All individuals no matter what their financial capacity is, must learn and study financial management and adapt it to improve their life.
What did Classical management theorists think?
Classical management theorists thought there was one way to solve management problems in the industrial organization
What are the consequences of informal groups in an organization?
i think informal groups in an organization they lead to time wastage, resistance to the management
What is the difference between Institute of management and Management Institute?
Both are the same I think management institute also concern with the leadership also .you can Google the best ILM training organization for this.
What are the three types of formal organization instruction?
I think you mean levels of management? Strategic Tactical Operational
How do you think management have evolved?
Management has evolved from an authoritarian type style of management to including employees in decisions. Many managers also manage by objectives to ensure that their employees reach their goals as well as the organization.
State the concept of strategic and operational procurement management?
what i think strategic procurement are done at the cooperate level(top) of the organization and operation done at the lower level/routine level of the organization.
When does upward communicdtion takes place?
When communication begins with lower levels of the organization (workers) and flows upward to management. Think of an organization as a pyramid. The base is larger - that's the workers. But the top is much smaller - that's top management. Conversely, downward communication is communication from top management that flows down to the lower level workers.
What do think tanks do?
Think tanks are mainly charged with coming up with strategies that will ensure a business or organization achieves its goals effectively. They influence budgeting, marketing strategies, and customer relationship management.
What do think tanks influence?
Think tanks are mainly charged with coming up with strategies that will ensure a business or organization achieves its goals effectively. They influence budgeting, marketing strategies, and customer relationship management.
Why MBA why not mass communication?
i think the answer is not very complex. it depends upon your future direction and career direction where you want to see in future . what is your interest . MBA is basically administration or Management which provides you the business knowledge ,how to manage organization, Mainly concern with business and organization Management policy. The scope of MBA is wide rather than Mass communication .
What is the antonym for creative?
The opposite of creative is unimaginative. Creative people are great for management positions because they can think outside of the box.
What is the need for management in business?
Every boat need a sailor to sail the boat to the destination As management in the company is so much important,that only can think about this. A management is all in all responsible of the business success and failure, If companies management lacks the ability to take the corrective measure against the Opportunity and Threat exists in the industry requirement then an organization can't be successful.
