Posts tagged organization
Marketing Strategies
Apr 30th
Marketing strategy helps organizations to focus their attention to complete resource utilization to increase sales and win over their competitors. Every company applies some kind of marketing strategies to maintain existing customers, attract potential customers and also to maintain and enhance their reputation in the market.
Organizational Structure of the Multinational Companies
Apr 28th
To create an effective organizational structure is one of the most important tasks for top managers of any company. If everyone in a company is and knows his duties, if there are rules of interaction between departments, company’s activities will remind a tuned mechanism which works with maximum results and minimal costs.
Wisdom of the Ages for Managers
Mar 9th
How are your managerial skills? Does there seem to be a gap like the Grand Canyon between you and your employees? Let’s see how we can change that.
If you gathered 100 experienced managers together and asked for their advice, it would probably sound like the roar of Niagara Falls until you got them talking in an orderly way. But there’s one thing for sure – they wouldn’t be saying much about “temporal rhythms” or “competing values models”. Instead, this is probably what you’d hear.
“Don’t be afraid of the phrase, ‘I don’t know’.” If you don’t know the answer to an employee or board member’s question, don’t try to bluff your way through. If you’re at fault, take the blame. If you’re wrong, apologize. If you don’t have the answer at your fingertips then, promise to get back to the person with the answer within a specific time frame.
“Never gossip.” If someone wants to gossip with you, politely say you’re not interested. The corporate adage, when someone gossips two careers are hurt – the person talked about, and the person talking.
“No task is beneath you.” Don’t think that as a manager you’re above anything. Read the rest of this entry »
Management Styles for Success
Feb 28th
From Carl Jung’s psychological typification to Belbin’s categorization of team roles, there are numerous studies and theories surrounding personality and how it relates to leadership and management style. Management styles are simply concepts and theories that influence the general work environment of an organization and over the years, economists and business gurus have fostered and developed several management styles, each surfacing from a different school of thought. Read the rest of this entry »
Basic Accounting Principles
Feb 27th
Accounting has been defined by William A Paton, Professor of Accounting at the University of Michigan; as having one basic function: facilitating the administration of economic activity. This function has two closely related phases: (1) measuring and arraying economic data; and (2) communicating the results of this process to interested parties.
As an example, a company’s accountants periodically measure the profit and loss for a month, a quarter or a fiscal year and publish these results in a statement of profit and loss that’s called an income statement. These statements include elements such as accounts receivable (what’s owed to the company) and accounts payable (what the company owes). It can also get pretty complicated with subjects like retained earnings and accelerated depreciation. This at the higher levels of accounting and in the organization. Read the rest of this entry »
