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Ask QuestionPosted by Abhishek Sharma 4 years, 11 months ago
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Yogita Ingle 4 years, 11 months ago
Management is described as the process of planning, organising, directing and controlling the efforts of organisational members and of using organisational resources to achieve specific goals.
Function of management:
- Planning: Planning is the very first functions of management. Management helps in deciding the way ahead for any organisation. It involves deeply analysing the market trends and accordingly making moves and plans. Basically, it means setting goals and developing a method to achieve them efficiently.
- Organising: Once a plan is laid out, it’s proper implementation lies somewhat in the next functions of management. This function helps in establishing authorities, dividing workloads, assigning responsibilities, grouping tasks and allocating resources.
- Staffing: This simply means finding and building the appropriate staff. Until and unless the right people aren’t employed the correct completion of tasks will remain a distant dream. Hence this management function ensures that suitable staff is available when needed by the organisation for completion of tasks. Also known as human resource function, it involves recruitment, placement, selection and training.
- Directing: This functions of management involve guiding the team towards the right direction by leading. motivating and encouraging them. Working in a positive environment of motivation and encouragement brings out the best in people. Hence a good manager makes sure to encourage or criticise his/her subordinates at suitable times to maintain an atmosphere of willingness to work.
Posted by Aadil Khan 4 years, 11 months ago
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Yogita Ingle 4 years, 11 months ago
Trading procedure :
- Selection of a Broker: The first step is to select a broker, who will buy/sell securities on behalf of the speculator/investor. This is necessary because trading of securities can only be done through SEBI registered brokers, who are members of stock exchange. Brokers may be individuals, partnership firms and corporate bodies.
- Opening Demat Account with Depository: The next step is to open a demat account. Demat (Dematerialised) account refers to an account which an Indian citizen must open with the depository participant (banks and stock brokers) to trade in listed securities in "electronic form.
The securities are held in the electronic form by a depository. ‘Depository’ is an institution/organisation which holds securities (e.g. shares, debentures, bonds, mutual funds, etc) in electronic form, in which trading is done. - Placing the Order: The next step is to place the order with the broker. The order can be communicated to the broker either personally or through telephone, cell phone, e-mail, etc.
The instructions should specify the securities to be bought or sold and the price range within which the order is to be executed. Only the securities of listed companies can be traded on the stock exchange. - Executing the Order: According to the instructions of the investor, the broker buys or sells securities. The broker, then issues a contract note. A copy of the contract note contains the name and the price of securities, names of the parties, brokerage charges, etc. It is duly signed by the broker.
- Settlement: This is the last stage in the trading of securities done by the brokers on behalf of their clients. The mode of settlement depends upon the nature of the contract. Equity spot markets follow a T + 2 rolling settlement. This means that any trade taking place on Monday gets settled by Wednesday. Stock, exchange operates from Monday to Friday between 9:55am and 3:30pm. Each exchange has its own clearing house, which assumes all settlement risk
Posted by Tarun Yadav 4 years, 11 months ago
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Saurabh Yadav 4 years, 11 months ago
Yogita Ingle 4 years, 11 months ago
Decentralization means delegation of authority at every level. It is the even and systematic distribution of decision making authority to the lowest level of management. Under decentralization every employee working at different levels gets some share in the authority. Decentralization is a policy matter and managers plan in advance whether to go for centralized or decentralized policy.
Posted by Deepak Pandey 4 years, 11 months ago
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Gaurav Seth 4 years, 11 months ago
Placement agencies and management consultant :
These agencies provide nation-wide service of matching demand and supply of work force and invite the bio-data and record from various job seekers and send them to suitable clients. These agencies charge fees for providing such service.
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Yogita Ingle 4 years, 11 months ago
Macroeconomics is the branch of economics that deals with the behavior and performance of an economy as a whole.
It is generally the study of central issues like
- Employment
- The growth rate of National output
- GDP
- Inflation
- General Price level and stability
Posted by Ramsha Khan 4 years, 11 months ago
- 1 answers
Yogita Ingle 4 years, 11 months ago
Investment decision relates to decisions about how the firm‘s funds are invested in different assets that is, different investment proposals
Has two components:
• Working Capital Decisions – Short Term investment decisions.
• Capital Budgeting decisions – Long Term investment decisions
Factors affecting Investment Decisions/Capital Budgeting decisions
1. Cash flows of the project: The series of cash receipts and payments over the life of an investment proposal should be considered and analyzed for selecting the best proposal.
2. Rate of Return: The expected returns from each proposal and risk involved in them should be taken into account to select the best proposal.
3. Investment Criteria Involved: The various investment proposals are evaluated on the basis of capital budgeting techniques. These involve calculation regarding investment amount, interest rate, cash flows, rate of return etc.
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Posted by Abhishek Sharma 4 years, 11 months ago
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Yogita Ingle 4 years, 11 months ago
Staffing is the process of recruiting employees who are eligible for certain positions in a company.
Steps involved in the staffing process are
1. Manpower Planning,
2. Recruitment,
3. Selection,
4. Placement,
5. Training,
6. Development,
7. Promotion,
8. Transfer,
9. Appraisal,
10. Determination of Remuneration. Let us learn about the steps in detail.
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Lunatic .. 4 years, 11 months ago
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