Management vision2020

Systems management refers to enterprise-wide administration of distributed systems including (and commonly in practice)computer systems. Systems management is strongly influenced by network management initiatives in telecommunications. Centralized management has a time and effort trade-off that is related to the size of the company, the expertise of the IT staff, and the amount of technology being used:  For a small business startup with ten computers, automated centralized processes may take more time to learn how to use and implement than just doing the management work manually on each computer.  A very large business with thousands of similar employee computers may clearly be able to save time and money, by having IT staff learn to do systems management automation.  A small branch office of a large corporation may have access to a central IT staff, with the experience to set up automated management of the systems in the branch office, without need for local staff in the branch of...

The term quality management has a specific meaning within many business sectors. This specific definition, which does not aim to assure 'good quality' by the more general definition, but rather to ensure that an organization or product is consistent, can be considered to have four main components: quality planning, quality control, quality assurance and quality improvement. Quality management is focused not only on product/service quality, but also the means to achieve it. Quality management therefore uses quality assurance and control of processes as well as products to achieve more consistent quality. Principles: Quality management adopts a number of management principle that can be used by top management to guide their organizations towards improved performance. The principles include: Customer focus: Since the organizations depend on their customers, therefore they should understand current and future customer needs, should meet customer requirements and try to exceed the ...

Meaning of Financial Management: Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. Scope/Elements: 1. Investment decisions includes investment in fixed assets (called as capital budgeting). Investment in current assets are also a part of investment decisions called as working capital decisions. 2. Financial decisions - They relate to the raising of finance from various resources which will depend upon decision on type of source, period of financing, cost of financing and the returns thereby. 3. Dividend decision - The finance manager has to take decision with regards to the net profit distribution. Net profits are generally divided into two: a. Dividend for shareholders- Dividend and the rate of it has to be decided. b. Retained profits- Amount of retained profits has to be finalize...

Operations management is an area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms of materials, labor, and energy) into outputs (in the form of goods and/or services). The relationship of operations management to senior management in commercial contexts can be compared to the relationship of line officers the highest-level senior officers in military science. The highest-level officers shape the strategy and revise it over time, while the line officers make tactical decisions in support of carrying out the strategy. In business as in military affairs, the boundaries between levels are not always distinct; tactical information dynamically informs s...

  Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectivesusing available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controllingan organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources. Since organizations can be viewed as systems, management can also be defined as human action, including design, to facilitate the production of useful outcomes from a system. This view opens the opportunity to 'manage' oneself, a pre-requisite to attempting to manage others. Basic roles: Interpersonal: roles that involve coordination and interaction with employees.  Informational: roles that involve handling, sharing, and analyzing informati...

creative accounting Use of unorthodox 'massage parlor' techniques which, while following provisions of GAAP, paint a desired (negative or positive, as the case may be) picture of a firm's finances. For example, selling an asset (whose market value is high but book is low) to create non-operating profit that offsets operating loss. Unlike cooking the books, creative accounting is generally legal. Euphemistically also called financial engineering or earnings management. See also creative financing. creative accounting is in the Accounting & Auditing, Banking, Commerce, Credit, & Finance, Corporate, Commercial, & General Law and Entrepreneurship, Management, & Small Business subjects creative accounting appears in the definitions of the following terms: opportunistic behavior, price to sales (PS) ratio, cooking the books, financial engineering, and massaging the figures.

Human resource management (HRM, or simply HR) is the management of an organization's human resources, or workers. It is responsible for the attraction, selection, training, assessment, and rewarding of employees, while also overseeing organizational leadership and culture, and ensuring compliance with employment and labor laws. In circumstances where employees desire and are legally authorized to hold a collective bargaining agreement, HR will typically also serve as the company's primary liaison with the employees' representatives (usually a labor union). HR is a product of the human relations movement of the early 20th century, when researchers began documenting ways of creating business value through the strategic management of the workforce. The function was initially dominated by transactional work such as payroll and benefits administration, but due to globalization, company consolidation, technological advancement, and further research, HR now focuses on strategic in...

Corporate social responsibility (CSR, also called corporate conscience, corporate citizenship, social performance, or sustainable responsible business/ Responsible Busines is a form of corporate self-regulation integrated into a business model. CSR policy functions as a built-in, self-regulating mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, ethical standards, and international norms. The goal of CSR is to embrace responsibility for the company's actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere who may also be considered as stakeholders. The term "corporate social responsibility" came into common use in the late 1960s and early 1970s after many multinational corporations formed the term stakeholder, meaning those on whom an organization's activities have an impact. It was used to describe corp...

Political management is a broad and ever evolving field encompassing a number of activities in professional politics. The field includes campaign management and consulting, advertisement creation/purchasing, grass root politics, opposition research, issue advocacy, lobbying, fundraising , and polling. Some consider political management to be an applied form of political science. Political managers first emerged during the early 20th century as American politics drifted away from party-centered politics towards an atmosphere focusing more on the individual candidates. Candidates began to hire their own staff to manage strategic decisions, fundraise, and handle the day-to-day campaign activities. Initially corporate public relations firms were hired to manage campaigns. However, eventually public relations firms specializing in political campaigns began to surface during the 1950s and 60s. One of the first professionals to be labeled a “political consultant” was Joseph Napolitan who went...

Project management is the discipline of planning, organizing, securing, and managing resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained, and often constrained by funding or deliverables), undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. The temporary nature of projects stands in contrast with business as usual (or operations), which are repetitive, permanent, or semi-permanent functional activities to produce products or services. In practice, the management of these two systems is often quite different, and as such requires the development of distinct technical skills and management strategies. The primary challenge of project management is to achieve all of the project goals and objectives while honoring the preconceived constraints. Typical constraints are scope, time, and budget. The secondary—and more ambitious—challenge is to optimize the alloca...

Event management is the application of project management to the creation and development of festivals, events and conferences. Event management involves studying the intricacies of the brand, identifying the target audience, devising the event concept, planning the logistics and coordinating the technical aspects before actually executing the modalities of the proposed event. Post-event analysis and ensuring a return on investment have become significant drivers for the event industry. The recent growth of festivals and events as an industry around the world means that the management can no longer be ad hoc. Events and festivals, such as the Asian Games, have a large impact on their communities and, in some cases, the whole country. The industry now includes events of all sizes from the Olympics down to a breakfast meeting for ten business people. Many industries, charitable organizations, and interest groups will hold events of some size in order to market themselves, build busine...

Term of the Day information technology (IT) Set of tools, processes, and methodologies (such as coding/programming, data communications, data conversion, storage and retrieval, systems analysis and design, systems control) and associated equipment employed to collect, process, and present information. In broad terms, IT also includes office automation, multimedia, and telecommunications. information technology (IT) is in the Information Science & Technology subject. information technology (IT) appears in the definitions of the following terms: business ecosystem, new economy, Human Resource Information Systems (HRIS), information society, and emerging markets.

Term of the Day non profit organization (NPO) Associations, charities, cooperatives, and other voluntary organizations formed to further cultural, educational, religious, professional, or public service objectives. Their startup funding is provided by their members, trustees, or others who do not expect repayment, and who do not share in the organization's profits or losses which are retained or absorbed. Approved, incorporated, or registered NPOs are usually granted tax exemptions, and contributions to them are often tax deductible. Most non governmental organizations (NGOs) are NPOs. Also called not for profit organization. non profit organization (NPO) is in the Corporate, Commercial, & General Law subject. non profit organization (NPO) appears in the definitions of the following terms: non-profit services and for profit organization.

It’s the new rage in India. Written and sung by Dhanush (son-in-law of superstar Rajanikanth) with music composed by debutante Anirudh Ravichander, the song is the new anthem of the Indian youth. It was officially released on Nov 16, 2011 and became an instant hit on social networking sites. At the time of writing this post, it had received more than 16.2 million views on YouTube. And all this in just 20 days. The song uses ‘Tanglish’ (linguistic blend of Tamil and English) lyrics and literally translates into ‘Why this murderous rage, girl?’ The lyrics portray the feelings of an average Indian boy who has suffered heartbreak. The song is very ordinary in terms of lyrics as well as music. So then, what made this song which has been heavily criticized by stalwarts such as Javed Akhtar, go viral? The song, which was made as a promo for Dhanush’s upcoming film, 3, was first released on the Internet and then even managed a national appearance on MTV on Nov 24, 2011, the first for a Tamil ...