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PRIME - lifestyle management company - was created in 2006.

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11y ago

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Continue Learning about Management

What is the relationship between shareholders and managers?

When you hold a share of a company, you are an investor in the company. You have invested your money in the company and it is the prime goal of the company's management to ensure that they earn sufficient revenue and profit for you "the investor" who has invested in the company. Ideally speaking, shareholders can be considered as owners of the company and the managers can be considered as employees working for the company.


What are the 3 prime objectives of project management?

scope, cost, time


What is the difference between managing director and president of the company?

The difference between managing director and president of the company is like prime minister and president in India. While both the managing director and prime minister are having wider power in day to day operation of the company/country, both the president of the company and country are mere rubber stamps (though both posts are highly honorable) and their discretionary powers are during AGM of the company,signing important papers/documents and for president of the country, the powers are exercised during independence day celebrations,opening/concluding speeches during budget sessions etc.


Who is higher the managing director or the Chairman?

Officially by Protocol, the Chairman is the head of a company.final decision is taken by the Chairman only. However managing director have all the operational decision powers and control Inside the company. Its like presidential and Prime Ministerial position in countries like UK and India ,where president (In uk Its the princess ) is the head of the nation, but all powers are in the hands of prime ministers .


The legal requirements for executing a specifice project are in the?

prime contract