planning in management

What is planning and why you need to plan

Planning is one of the most important project management and time management techniques. Planning is preparing a sequence of action steps to achieve some specific goal. If you do it effectively, you can reduce much the necessary time and effort of achieving the goal.A plan is like a map. When following a plan, you can always see how much you have progressed towards your project goal and how far you are from your destination. Knowing where you are is essential for making good decisions on where to go or what to do next.One more reason why you need planning is again the 80/20 Rule. It is well established that for unstructured activities 80 percent of the effort give less than 20 percent of the valuable outcome. You either spend much time on deciding what to do next, or you are taking many unnecessary, unfocused, and inefficient steps.Planning is also crucial for meeting your needs during each action step with your time, money, or other resources. With careful planning you often can see if at some point you are likely to face a problem. It is much easier to adjust your plan to avoid or smoothen a coming crisis, rather than to deal with the crisis when it comes unexpected

Importance of leading in management

Importance of Leading in Management

Importance of leading in ManagementLeading is the third element of management, one of the management core functions. Here, a manager spends time connecting with his/her employees. Leadership skills include inspiring, communicating, motivating, and influencing employees for efficient output. All managers are not leaders, but all leaders are managers. An employee follows all the directions a manager gives because they have to, because managers have all the legitimate powers. But an employee voluntarily follows the direction of a leader because they have believed in him\her..

what is marketing?

Marketing are activities of a company associated with buying and selling a product or service. It includes advertising, selling and delivering products to customer...

small business management

I.                  Introduction

What is a small business?

A small business is a privately owned and operated business. A small business typically has a small number of employees. In the United States, the legal definition of a small business is determined by the U.S. Small Business Administration (SBA), which sets the criteria to be used by the SBA in making small business determinations. Criteria by the SBA in determining the definition of a small business includes the number of workers employed or annual receipts. The following criteria is used by the SBA to define a small business:

• Manufacturing: Maximum number of employees may range from 500 to 1500
• Wholesaling: Maximum number of employees may range from 100 to 500
• Services: Annual receipts may not exceed $2.5 to $21.5 million
• Retailing: Annual receipts may not exceed $5.0 to $21.0 million
• General and Heavy Construction: Annual receipts may not exceed $13.5 to $17 million
• Special Trade Construction: Annual receipts may not exceed $7 million
• Agriculture: Annual receipts may not exceed $0.5 to $9.0 million

The definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. A local bakery that employs 10 people is an example of a small business. A manufacturing facility that employees less than 500 people is an example of a small business.

II.               Management

What is management?

Management plays a vital role in any business or organized activity. Management is composed of team of managers who have charge of the organization at all levels. Their duties include making sure company objectives are met and seeing that business operates efficiently. Regardless of the specific job, most managers perform four basic functions: 

o   Planning

o   Organizing

o   Directing

o   Controlling

Planning involves determining overall company objective and deciding how these goals can best be achieve

Credit Officer interview

The mostly question that is asked when you are in interview

1-Plase introduce yourself...
2-Do you know CO position?
3-Do you have CO friend?
4-what is CO do?
5-*How can you promote your loan increase?
6-*How can you decide you give loan to client?
7-*How are your stragtegy to sovle bad loan?
8-How much salary you respect?
7-If I give you (...)do you work?

After these question, they will tell you benefit Campany provide...and then they ask you about your opinion...

The balance sheet

The Balance Sheet
Financial statements are the final product of the accounting process. They provide information on the financial condition of a company. The balance sheet, one type of finance statement, provides a summary of what a company owns and what it owes on one particular day.
Asset represent everything of value that is owned by a business, such as property, equipment, and accounts recievable. On the other hand, liabilities are the debts that a company owes-for example, to suppliers and banks. If liabilities are subtracted from assets (assets-liabilities), the amount remaining is the owners' share of a business. This is known as owners' or stockholders' equity.
One key to understanding the accounting transactions of a business is to understand the relationship of its assets, liabilities, and owners' equity. This is often represented by the fundamental accounting equation: assets equal liabilities plus owners' equity.
ASSETS = LIABILITIES + Owners' EQUITY