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 [...]
After reading this article you will learn about the role and responsibility of personnel manager. Role of the Personnel Manager: Personnel manager plays following roles in most of the modern enterprises: 1. Consultant: Frequent visits are paid by the employees with their problems, misunderstandings about their employees etc. to the personnel manager. He gives them proper suggestions and provides consultancy [...]
In this article we will discuss about the criteria for selection of business unit managers in a company’s portfolio with the help of BCG matrix. 1. Question Marks: Its primary goal is growth. These businesses require entrepreneurial managers capable of creating new products and developing new markets. For such tasks, individuals with product development, market research, and developmental engineering backgrounds [...]