Importance of Management Lec # 1

<span style="font-size: large;">Hey! Guyz Asalam o Alaikum, How are you? I hope you all would be fine reading this post, Today I am going to post Lecture on Importance Management and it's lecture one which is taught by Sir, Abdul Salam Malah.</span><br /> <span style="font-size: large;"><br /></span> <br /> <h2 style="text-align: center;"> <span style="font-size: large;">Importance Of Management</span></h2> <div> <span style="font-size: large;">In 1981, Ford's sales were falling. Between 1979 and 1982, Ford had incurred $3 billion in losses.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">They Sought Help from Deming.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">To Ford's surprise, Deming talked not about quality, but about management. He told Ford that management actions were responsible for 85 percent of all problems in developing better cars.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">By 1986, Ford had become the most profitable American auto company</span></div> <div> <span style="font-size: large;"><br /></span></div> <h3 style="text-align: center;"> <span style="font-size: large;">Basic Concepts<br />Management Vs Administration </span></h3> <h3 style="text-align: center;"> <span style="font-size: large;">Efficiency Vs Effectiveness</span></h3> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Management Key Concepts:</span></b></div> <div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <span style="font-size: large;"><b>Organizations:</b> It is deliberate arrangement of People working together and coordinating their actions to achieve specific goals. </span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;"><b>Goal: </b> A desired future condition that the organisation seeks to achieve.</span></div> </div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <div> <span style="font-size: large;"><b>Management:</b> </span></div> <div> <span style="font-size: large;">The process of using organizational resources to achieve the organization’s goals by...</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">• Planning, Organizing, Leading, and Controlling</span></div> </div> <div> <span style="font-size: large;"><br /></span></div> <div> <div> <b><span style="font-size: large;">Additional Key Concepts</span></b></div> <div> <span style="font-size: large;">Resources are organizational assets and include: </span></div> <div> <span style="font-size: large;">• People, • Machinery, • Raw materials, • Information, skills, • Financial capital.</span></div> </div> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Manager:</span></b></div> <div> <span style="font-size: large;">Managers are the people responsible for supervising the use of an organization’s resources to meet its goals.</span></div> <h3> <div style="text-align: center;"> <span style="font-size: large;"><br /></span></div> <div style="text-align: center;"> <span style="font-size: large;">Organizational Performance</span></div> </h3> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Efficiency:</span></b></div> <div> <span style="font-size: large;"> A measure of how well resources are used to achieve a goal. Usually, managers must try to minimize the input of resources to attain the same goal.</span></div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <span style="font-size: large;"><b>Effectiveness:</b> </span></div> <div> <span style="font-size: large;">A measure of the appropriateness ofthe goals chosen (are these the right goals?), and the degree to which they are achieved. Organizations are more effective when managers choose the correct goals and then achieve them.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;"><b>Managerial Functions:</b> </span></div> <div> <span style="font-size: large;">Henri Fayol was the first to describe the four managerial functions when he was the CEO of a large mining company in the later 1800’s.</span></div> <h3> <div style="text-align: center;"> <span style="font-size: large;"><br /></span></div> <div style="text-align: center;"> <span style="font-size: large;">Four Functions of Management</span></div> <div style="text-align: center;"> <span style="font-size: large;"><br /></span></div> </h3> <h4 style="text-align: left;"> <ol> <li><span style="font-size: large;">Planning</span></li> <li><span style="font-size: large;">Organizing</span></li> <li><span style="font-size: large;">Leading</span></li> <li><span style="font-size: large;">Controlling</span></li> </ol> <div> <span style="font-size: large;"><br /></span></div> </h4> <h4> <span style="font-size: large;">1. Planning:</span></h4> <div> <span style="font-weight: normal;"><span style="font-size: large;">Planning is the process used by managers to identify and select appropriate goals and courses of action for an organization.</span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span> <span style="font-weight: normal;"><span style="font-size: large;">These are 3 steps for good planning : </span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;">1. Which goals should be pursued? </span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;">2. How should the goal be attained? </span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;">3. How should resources be allocated?</span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span> <span style="font-weight: normal;"><span style="font-size: large;">The planning function determines how effective and efficient the organization is and determines the strategy of the organization.</span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span> <br /> <h4> <span style="font-size: large;">2. Organizing:</span></h4> <span style="font-weight: normal;"><span style="font-size: large;">In organizing, managers create the structure of working relationships between organizational members that best allows them to work together and achieve goals.</span></span><br /> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">Managers will group people into departments according to the tasks performed.</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">This structure coordinates and motivates employees so that they work together to achieve goals</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <h4> <span style="font-size: large;">3. Leading:</span></h4> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">In leading, managers determine direction, state a clear vision for employees to follow, and help employees understand the role they play in attaining goals.</span></span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">Leadership involves a manager using power, influence, vision, persuasion, and communication skills.</span></span></div> <div> <span style="font-size: large;"><br /></span></div> <h4> <span style="font-size: large;">4. Controlling:</span></h4> <div> <span style="font-weight: normal;"><span style="font-size: large;">In controlling, managers evaluate how well the organization is achieving its goals and takes corrective action to improve performance.</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">The outcome of the controlling function is the accurate measurement of performance and regulation of efficiency and effectiveness.</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <h3 style="text-align: center;"> <span style="font-size: large;">Management Level</span></h3> <div> <span style="font-size: large;">First-line Managers:</span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">Responsible for day-to-day operation. They supervise the people performing the activities required to make the good or service.</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-size: large;">Middle Managers: </span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">Supervise first-line managers. They are also responsible to find the best way to use departmental resources to achieve goal.</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-size: large;">Middle Managers: </span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;">Supervise first-line managers. They are also responsible to find the best way to use departmental resources to achieve goal Middle Managers: Supervise first-line managers. They are also responsible to find the best way to use departmental resources to achieve goal</span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-weight: normal;"><span style="font-size: large;"><br /></span></span></div> <div> <span style="font-weight: normal;"><span style="color: orange; font-size: large;">Note: For viewing complete lecture, please download pdf file below.</span></span></div> <div> <span style="font-weight: normal;"><span style="color: orange; font-size: large;"><br /></span></span></div> <h3 style="text-align: center;"> <span style="color: orange; font-size: large;"><u><a href="https://www.dropbox.com/home/TPM?preview=TPM-Lec-01.pdf" target="_blank">Click Here to Download</a></u></span></h3>

Importance of Management Lec # 1

Hey! Guyz Asalam o Alaikum, How are you? I hope you all would be fine reading this post, Today I am going to post Lecture on Importance Mana...

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An Introduction to Business Finance Lec # 1

<span style="font-size: large;">Hey Guys how are you? I hope you would be fine. Today's Lecures is given below, this lecture is divided into 4 sections.which is explained and Provided by Sir Riaz Ahmed Shaikh. </span><br /> <span style="font-size: large;"><br /></span> <br /> <h3 style="text-align: center;"> <span style="font-size: large;">An Introuction to Business Finance</span></h3> <h4 style="text-align: center;"> <span style="font-size: large;">Section 1: Role and Scope of Finance</span></h4> <div style="text-align: left;"> <span style="font-size: large;"><br /></span></div> <div style="text-align: left;"> <b><span style="font-size: large;">What is Finance?</span></b></div> <div style="text-align: left;"> <span style="font-size: large;">A term that refers to two main activities;</span></div> <div style="text-align: left;"> </div> <ol> <li><span style="font-size: large;">The actual process of attracting money.</span></li> <li><span style="font-size: large;">The of these funds.</span></li> </ol> <br /> <b><span style="font-size: large;">The Function of Finance:</span></b><br /> <br /> <ul> <li><span style="font-size: large;">Analysis </span></li> <li><span style="font-size: large;">Decision Making</span></li> </ul> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;">The Areas of Finance:</span></b></div> <br /> <div> <span style="font-size: large;"> Business or Corporate Finance-the firm’s ability to make good finance decisions.</span></div> <div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;"> Personal Finance-retirement provision, saving plans etc.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;"> Public Finance-income distribution, stability plans etc.</span></div> </div> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Finance Vs Accounting:</span></b></div> <div> <div> <span style="font-size: large;">Financial Accounting concentrates on record keeping and submitting of financial statements.</span></div> </div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">Finance focuses on making decisions and carrying out analysis based on information presented by accounting.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">Financial Accounting tends to be more concerned with the past.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">Finance tend to be more interested in present and the future.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">Financial Accounting  tends to have an income focus.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">Finance tends to have a cash flow focus.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Types of Financial Decision:</span></b></div> <div> <span style="font-size: large;">Investment Decisions</span></div> <div> <div> <span style="font-size: large;">Financing Decisions</span></div> <div> <span style="font-size: large;">Asset Management Decisions</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> <div style="font-weight: bold;"> <span style="font-size: large;">Investment Decisions:</span></div> <div> <div> <span style="font-size: large;">Should we built this component or buy it?</span></div> <div> <span style="font-size: large;">What specific assets should be acquired?</span></div> <div> <span style="font-size: large;">Should we introduce a new product?</span></div> <div> <span style="font-size: large;">Which projects should be undertaken?</span></div> <div> <span style="font-size: large;"><br /></span></div> <div style="font-weight: bold;"> <span style="font-size: large;">Financing Decisions:</span></div> </div> <div> <div> <span style="font-size: large;">What is the best structure of financing(debt versus equity)?</span></div> <div> <span style="font-size: large;">How much of our debt should be short-term as opposite to long-term?</span></div> <div> <span style="font-size: large;">What is the best dividend policy?</span></div> <div> <span style="font-size: large;">How will the funds be physically acquired?</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;">Asset - Management Decisions:</span></b></div> <div> <div> <span style="font-size: large;">How do we manage existing assets efficiently?</span></div> <div> <span style="font-size: large;">Financial Manager has varying degrees of operating responsibility over assets.</span></div> <div> <span style="font-size: large;">Greater emphasis on current asset management than fixed asset management.</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div style="font-weight: bold;"> <span style="font-size: large;">The Goal of the Business:</span></div> </div> <div> <div> <span style="font-size: large;">The target of business is the maximize shareholder’s wealth.</span></div> <div> <span style="font-size: large;">It’s measured as the price of stocks.</span></div> <div> <span style="font-size: large;">Wealth maximization concept adjusts for deficiencies of previous concept. </span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div> <b><span style="font-size: large;">Comparision of Two Concept:</span></b></div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Profit Maximization</span></b></div> <div> <div> <span style="font-size: large;">Short-Term Oriented</span></div> <div> <span style="font-size: large;">Can not account for risk</span></div> <div> <span style="font-size: large;">Can lead mismanagement</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;">Wealth Maximization</span></b></div> <span style="font-size: large;">Long-term Oriented</span><br /> <span style="font-size: large;">The risk factor is taken account</span><br /> <span style="font-size: large;"> Recognises the timing of returns</span><br /> <div style="text-align: center;"> <span style="font-size: large;"><br /></span></div> <h2 style="text-align: center;"> <span style="font-size: large;">Section 2: An Overview of Business Environment</span></h2> <h3 style="text-align: center;"> <span style="font-size: large;">Types of Business</span></h3> <div> <b><span style="font-size: large;">Sole Proprietorship:</span></b></div> <div> <div> <span style="font-size: large;">A business that owned and operated by one individual person.</span></div> </div> <div> <span style="font-size: large;">The owner and business are  legally identical.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;"><br /></span></div> <b><span style="font-size: large;">Pros and Cons of Sole Proprietorship:</span></b><br /> <br /> <b><span style="font-size: large;">Pros:</span></b><br /> <span style="font-size: large;">Limited paperwork and start-up cost</span><br /> <span style="font-size: large;">Owner’s full control over the business</span><br /> <span style="font-size: large;">Less stringent reporting obligations</span><br /> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;">Cons:</span></b></div> <div> <div> <span style="font-size: large;">Unlimited liability for debts</span></div> <div> <span style="font-size: large;">Difficulty in fund-raising</span></div> <div> <span style="font-size: large;">Business continuity concern</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div style="font-weight: bold;"> <span style="font-size: large;">Partnership:</span></div> <div> <div> <span style="font-size: large;">A business that owned and controlled by two or more persons who are equally liable for losses </span></div> <div> <span style="font-size: large;">Typically governed by partnership agreement.</span></div> </div> <div> <span style="font-size: large;"><br /></span></div> <div> <b><span style="font-size: large;">Pros:</span></b></div> <div> <div> <span style="font-size: large;">Risk is shared between the partners</span></div> <div> <span style="font-size: large;">Additional capital can be raised</span></div> <div> <span style="font-size: large;">No audit or public reporting requirements</span></div> <div> <span style="font-size: large;">Not subject to company tax</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div style="font-weight: bold;"> <span style="font-size: large;">Cons:</span></div> <div> <div> <span style="font-size: large;">Unlimited liability for debts</span></div> <div> <span style="font-size: large;">Administrative costs</span></div> <div> <span style="font-size: large;">Business continuity concern</span></div> <div> <span style="font-size: large;">Slow decision making process</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div style="font-weight: bold;"> <span style="font-size: large;">Company:</span></div> <div> <div> <span style="font-size: large;">Business that owned by shareholders.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;">Shareholder liability is limited to nominal value of shares that they own.</span></div> <div> <span style="font-size: large;"><br /></span></div> <div> <span style="font-size: large;"> Business is legally separate from it’s owners.</span></div> </div> <div> <b><span style="font-size: large;"><br /></span></b></div> <div> <b><span style="font-size: large;">Pros:</span></b></div> <div> <div> <span style="font-size: large;">Less risky; </span></div> <div> <span style="font-size: large;">Fund-raising advantages</span></div> <div> <span style="font-size: large;">Separate legal entity from its shareholders</span></div> <div> <span style="font-size: large;">Tax benefits</span></div> <div> <span style="font-size: large;">Transferable form of ownership</span></div> <div style="font-weight: bold;"> <span style="font-size: large;"><br /></span></div> </div> <div style="font-weight: bold;"> <span style="font-size: large;">Cons:</span></div> <div> <div> <span style="font-size: large;">Publishing financial statements</span></div> <div> <span style="font-size: large;">Strict reporting obligations</span></div> <div> <span style="font-size: large;">Administrative issues</span></div> <div> <span style="font-size: large;">Double taxation</span></div> <div> <span style="font-size: large;">Legal restrictions on share issues(LLC)</span></div> <div> <span style="font-size: large;"><br /></span></div> </div> <div> <span style="font-size: large;">Note:To view complete 4 sections of lecture, please download below the pdf or ppt file. </span></div> <div> <span style="font-size: large;">Thanks :)</span></div> <div> <span style="font-size: large;"><br /></span></div> <h3 style="text-align: center;"> <span style="background-color: white;"><span style="color: red; font-family: "georgia" , "times new roman" , serif; font-size: large;"><u><a href="https://drive.google.com/open?id=0B1jukj_D3MRzZXJPWkkwRjFaTVk" target="_blank">Download from Here</a></u></span></span></h3>

An Introduction to Business Finance Lec # 1

Hey Guys how are you? I hope you would be fine. Today's Lecures is given below, this lecture is divided into 4 sections.which is explain...

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Free Download Turbo C++ Software For All Latest Windows

<span style="background-color: white; color: #333333; font-family: "Droid Sans", Arial, Verdana, sans-serif; font-size: 13px;">Hey Guys, Hello! How are you? I hope you would be fine reading this first of post of this blog. As we all know the Popular Turbo C/C++ does not run well on 64 bit OS’s like Windows 7,Windows 8 etc,and on 32 bit OS’s they cant work full screen, so we have developed the emulated version of the same Turbo C compiler within an environment called DosBoX which works on all OS’s Full screen normal DosBoX installations require you to download DosBox separately and then mounting the turbo C directory and all which was a headache..with our installer you don’t need to mount/configure anything everything is done automatically!.. Just install and Go! you can start using Turbo C as soon as you install this and now Turbo C++ Software For Windows 7/8/8.1/9 32+64bit Available for all Windows OS..! Really Simple as 1…2…3…</span><br /> <span style="background-color: white; color: #333333; font-family: "Droid Sans", Arial, Verdana, sans-serif; font-size: 13px;"><br /></span> <span style="background-color: white; color: #333333; font-family: "Droid Sans", Arial, Verdana, sans-serif; font-size: 13px;"><br /></span> <div style="text-align: center;"> <span style="background-color: white; color: #333333; font-family: "Droid Sans", Arial, Verdana, sans-serif;"><a href="http://reliabledownloads.org/file/0-bb4"><b><span style="font-size: large;">Download</span></b></a></span></div>

Free Download Turbo C++ Software For All Latest Windows

Hey Guys, Hello! How are you? I hope you would be fine reading this first of post of this blog. As we all know the Popular Turbo C/C++ does ...

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