After reading this article you will learn about the responsibility of managers towards different segments of the society. Responsibility towards Shareholders or Owners: In case of a company, the directors have the following responsibilities towards the shareholders: 1. Shareholders are a source of funds for the company. They expect a high rate of dividend on the money invested by them [...]
This article throws light upon the nine main factors that determine the success of a manager. The factors are: 1. Ability to Think 2. Technical Ability 3. Clear Expression 4. Knowledge of Human Relations and Behaviour 5. Broad View 6. Organisational Ability 7. Moral Integrity 8. Good Salesmanship 9. Dynamic Personality. Factor # 1. Ability to Think: It is easy [...]
This article throws light upon the top seven functions of finance manager of a company. The functions are:- 1. Custodian 2. Planning Procurement and Investment 3. Credit and Collection 4. Loans and Advances 5. Tax and Insurance 6. Payroll 7. Bond Transfer and Disbursements. Function # 1. Custodian: Functions relating to the supervisor of cash receipts, disbursements, balances, banking and [...]