Working Capital of a company is the capital that is utilized by a company to finance its day to day operations. It is the measure of a company’s liquidity. Working Capital is also known as the Net Working Capital. Workin…
Showing posts with label management. Show all posts
Showing posts with label management. Show all posts
Monday, June 22, 2020
Forecasting of cashflows is a key practice in the industry, the Treasury Department forecasts the cash flow upon which fund-related decisions are taken to ensure sufficient funds for day to day operations. However, the …
Working Capital Management has two objectives: Ensure the availability of funds for day to day operations Utilize the asset efficiently to generate maximum profit. A company has certain inflows and outflows of cash ever…
Inventory of a company refers to finished goods available for sale and raw materials used to produce the final goods in the company. Inventory is a current asset on the balance sheet that turns to cash upon selling. Eve…
Payment can be made either by cash or by credit, the companies choose their options depending upon their requirements. However, many payments have to be paid in cash only (e.g. salary and wages). Managing cash disbursem…
Friday, January 11, 2019
Theories + Models Founder Different Managerial Roles Henry Mintzberg's Scientific Management Frederick W. Taylor Principles of Administration Management Henry Fayol
Prof William Ouchi (1981) identified the characteristics of Japanese and American Organizations. In course of his research, he found that there were several successful American companies that exhibited characteristics …
Thursday, January 10, 2019
Human Relations(Interpersonal Behaviour) Approach: This method is based on the idea that managing involves getting things done through people and therefore, its study should be centered on interpersonal relationships. V…
Scientific management is that kind of management through which business is conducted according to the standards established on the basis of facts gained through systematic observation, experiment or reasoning. The foll…
Henry Fayol (1841-1925) , who was born in 1841 in France , can be rightly called the "father of modern management theory". He became an engineer and subsequently, the chief executive of a large coal and steel co…
Thursday, January 3, 2019
F.W.Taylor (1856-1915) is called the father of scientific management . He laid emphasis on the necessity of accepting the scientific approach in the management of an organisation. He was primarily concerned with the effi…
Monday, December 31, 2018
To fulfil the multiple functional responsibilities, managers assume multiple roles. A role is an organized set of behaviours. Henry Mintzberg has identified ten roles common to the work of all managers. The ten roles a…
