Role of Financial Managers The financial manager plays an important role in the functional areas of finance. The assignments of finance functions to the financial manager depend upon size of the business enterprise. The larger the business enterprise- the greater degree of specialization of tasks is needed. The financial manager is the key persons in any business enterprise. The function of finance manager includes budgeting and investing funds‚ accounting‚ products pricing and forecasting. The
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An operations manager typically ensures smooth operations of various processes that contribute to the production of goods and services. While other employees can specialize and focus on other operational areas‚ the operations manager tends to work under every department within the firm. Globalization has increased the roles of an operations manager‚ due to an intense increase of competition amongst organizations. The fulfillment and challenges that come with this position makes it difficult
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looking for an effective manager. He wanted to work for one. He wanted to become one. His search had taken him over many years to the far corners of the world. He had been in small towns and in the capitals of powerful nations. He had spoken with many managers: with government administrators and military officers‚ construction superintendents and corporate executives‚ university presidents and shop foremen‚ utility supervisors and foundation directors‚ with the managers of shops and stores‚ of
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is about having vision‚ empowerment and most importantly providing useful change in the organization. The main differences between leaders and managers are: the relationship between the followers and managers and leaders‚ how leaders and managers solve problems‚ and the difference in emotional intelligence between leaders and managers. Leaders and managers have a difference in emotional intelligence. A leader is an individual who strategizes a visionary and most importantly someone who inspires
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Qualifications of an HR manager: Given the wide range of responsibilities for which HR managers are held accountable‚ they need a wide range of skills‚ abilities and qualifications. HR managers interact with every level within the organization‚ from the executive-level decision makers to department managers and production staff. Therefore‚ their qualifications are broad and encompassing‚ able to justify budget allocations as easily as they monitor workplace investigations and resolve conflict
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things. For a manager‚ they are both fundamental preconditions. Being effective means that one is able to properly analyse the evolving environment and selecting the right things as the areas of strategic focus for the enterprise. On the other hand‚ being efficient requires a carefully carved cultural and operational framework which helps the manager to achieve a particular degree of success‚ given the level of resources applied to a particular objective. In any business‚ an efficient manager is one who
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A plant manager oversees all daily operations of a plant. He often is in charge of everything from production and manufacturing to making sure policies and procedures are followed in all departments. Supervising and motivating staff members generally are major parts of the job as well. The plant’s physical operations generally are the main responsibility of the plant manager. He is required to maintain a clean plant free of safety or health concerns. The production equipment and machinery should
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VEL TECH DR.RR & DR.SR TECHNICAL UNIVERSITY DEPARTMENT OF MANAGEMENT STUDIES P1BAA03 ACCOUNTING FOR MANAGERS Time: 3 Hrs Maximum: 100 marks PART-A (10 x 2 marks = 20 marks) Answer ANY TEN Questions. Each question carries 2 marks 1. Define Accounting. 2. Explain accounting cycle. 3. What are current assets? 4. What is net working capital? 5. What Trial Balance? 6. State any two advantages of fund flow
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Fashion brand manager • Tell me a little about yourself? • Where would you like to be in five years? Ten years? • What made you choose to apply to Fashion brand manager? • What have you learned from your past jobs? • Why did you leave your last job? • Tell me about your last position and what you did? • What do you know about the position of Fashion brand manager? • What are key tasks for Fashion brand manager? • What are top 3 knowledge/top 3 skills for Fashion brand manager? • What
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The One Minute Manager One Minute Manager is a short story written by Kenneth Blanchard and Spencer Johnson. The story is about a young man who is in search of an effective manager because not only did he want to work for one but he is also wanted to become one. His search for this ideal manager took him to many places and made him interact with a lot of different individuals. He wasn’t pleased with what he encountered and he began to notice that most of the people he interviewed would fall into
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