Management POC – Page 27 – Just information about management

An Introduction of Financial Management Book of SMU MBA

Posted on September 3, 2018 by blogger

A well known university SMU is most famous for health and medical. Now, it is famous for distance education also. In the recent days, it has been known for distance MBA very promptly. The university provides own written books for its MBA education. There is an introduction of financial management book.

There are 15 chapters in the book. The book deals the management problems and financial resources in business firms. Financial management is known as basic managerial actions relating to the three major decision areas such as investment, financing and dividends and working capital management.

The book comprises 15 units:

1.Financial Management – the chapter explains the meaning, scope and examines the goal of corporate financial management. 2.Financial Planning – the chapter explains the meaning and need of financial planning. 3.Time Value of Money – the chapter introduces about time value of money and discounting of cashflows. 4.Valuation of Bonds and Shares – in this chapter writer explains about the valuations of bound’s principles and equity shares. 5.Cost of Capital – this unit describes the concept of cost of capital. 6.Leverage – it is one of the most important chapters in the financial management which deals financial and combined leverage. 7.Capital Structure – in this chapter many theories of capital structure has been introduced. 8.Capital Budgeting – the chapter explains the meaning, significance of capital budgeting decisions and about various investments of appraisal techniques. 9.Risk Analysis in Capital Budgeting – there has been introduced risk in capital budgeting decisions. 10.Capital Rationing – it examines the steps which involved in capital rationing process. 11.Working Capital Management – there are various concepts of working capital and factors that influence the working capital requirements in a firm. 12.Cash Management – this is the most important component of working capital. 13.Inventory Management – the unit describes about various forms of inventory management. 14.Receivables Management – cost of maintaining receivables, formulation of credit policy and determination of an optimal credit period has been discussed in the chapter. 15.Dividend Decision – basically, the chapter deals about payment of shareholders.

These are the brief description of financial management book of SMU MBA. A student can find more about these chapters in the book of Financial Management.

Gian Brett is an expert writer of various subjects. He has written many articles on Financial Statement Analysis also.

How to Benefit from Partner Relationship Management (PRM)

Posted on September 1, 2018 by blogger

How is PRM different from CRM?

In this demanding economy, companies are on the never-ending quest for solutions / tools that will help them accrue / maintain their loyalty and business with their customers. Customer Relationship Management (CRM) is one such application that has attracted a lot of attention from organizations worldwide.

Though containing the word “relationship”, CRM is actually not concerned with managing customer relationships. It lays emphasis on creating customer profiles by accumulating and advocating data regarding customer’s buying habits and personal preferences. These profiles are then used by businesses to directly target their niche market.

Talking about relationships, Partner Relationship Management (PRM) is an affair about understanding and satisfying the needs of your business partners with dexterity. As compared to gathering sales data, PRM is a much more complex application as it involves building and maintaining trust between you and your business channel partners. Many discussions on PRM, in correlation with CRM, have argued over personifying PRM either as seperate entity or merely an element of CRM.

CRM was fundamentally structured to manage direct sales engagements between a seller and a buyer. This function concentrates on gathering and sharing data throughout customer/s buying cycle. On the other hand, PRM has been designed to manage a complex system revolving around aligning business processes across the entire chain of vendors to partner and to customers. PRM technology enables companies to generate more work efficiency and profitability with all partner types, including channel, distribution, reseller, strategic alliance, system integration and consulting partners.

Since, every partner organization has a unique way of executing business, it is difficult to manifest a perfect process alignment between partners and vendors. This discrepancy makes it practically impossible to report and measure channel results accurately. CRM systems were not designed to accommodate this level of complexity. To effectively manage indirect business relationships, companies require a dedicated PRM system to co-ordinate activity between all the participants in the process loop.

Making PRM Work for You

Partners provide a cost-effective way to expand your enterprise by providing you with broader geo-market reach. When leveraged properly, they help you to accelerate revenue growth, streamline operations and improve efficiency.

Partner relationship management (PRM) is a business strategy for improving communication between companies and their channel partners. At a time when businesses need to maximize every resource available to them, building strong partner relationships and effective channel strategies has become a critical practice. Working with PRM dynamics, you must also focus on: –

1.Communicating with your partner, using your self-disclosure skills to articulate your needs.

2.Identifying and then sharing your personal most trusted strategies with your partner.

3.Evolving mutually beneficial agreements while working through a conflicting situation.

With businesses becoming global and interdependent in nature, PRM has a more vital role to play. This worldwide interdependence is only based on trust factor. The call-center industry sets a major example on this front. American businesses, having formed alliances with partners in India, Africa, and other distant regions, hire thousands of call-center executives to meet American and worldwide consumer demands. Such alliances require a high degree of partnership intelligence. Without establishing and managing such trusting and mutually beneficial alliances, the level of investments made by the call center and other industries will only face a doom.

Advantages of Partner Relationship Management

Businesses and organizations can immensely benefit from Partner Relationship Management (PRM) programs as follows: –

* Extend your enterprise reach and increase revenues through a well-managed partner network.

* Optimize partner program profitability through better understanding of partner’s value and performance.

* Streamline operations and reduce costs by automating manual processes and integrating partner operations throughout the enterprise.

* Develop a mutually trusting and beneficial partnerships

* Challenge you to change and focus on the future so you do not continually dwell on past glories and stay stagnant.

* Helps you focus resources on critical activities throughout the customer sales cycle and product lifecycle to maximize revenue rates and margins.

* Help companies deliver services that maximize product availability and customer productivity and minimize cost, time and energy.

* Links your future with that of your partner in a positive and exciting way.

* Efficiently manage your association with important customers, suppliers, outsourcing partners and partner alliances.

Web-based PRM software applications enable companies to customize and streamline administrative tasks by making real-time information available to all the partners over the Internet. Several CRM providers have incorporated PRM features in their software applications in the shape of web-enabled spreadsheets shared over extranet.

Salesforce.com’s comprehensive on-demand PRM:

As one of the leading companies offering on-demand CRM application, Salesforce.com provides capable solutions for managing your indirect sales channels. The PRM system, integrated with Sales Force Automation, helps to deliver unmatched visibility to your company’s sales pipeline for direct and indirect channels.

Sales Force PRM makes it easy for partners to access leads, collaborate on deals and locate all the lucrative information. Through a set of easy-to-use services, Sales Force PRM offers: –

1.Higher level of Partner Adoption.

2.Complete Channel Visibility via real-time access to channel sales.

3.Leading Partner Lifecycle Management, including recruitment, marketing, selling and measurement.

4.Integrated SFA application for planning and forecasting.

5.100% on-demand partner solutions resulting in fast deployment and customized partner experience.

Where else will you find such a powerful combination under one-roof? If you need more reasons to get Sales Force PRM solution, download Sales Force PRM Datasheet – Free. Contact Salesforce.com Today!

Author Information:

For more information contact us at: Sales Force

Heritage Management Courses Employ Practical Approach

Posted on August 28, 2018 by blogger

Galleries, zoos, world heritage sites, national historic sites, municipal and not-for-profit museums, national and provincial parks; federal, provincial and municipal cultural funding agencies, arts services organizations, government departments as well as related not-for-profit arts, cultural and heritage organizations all seek professionals who have completed Culture Course – such as those offered in Centennial College’s Culture and Heritage Site Management program. This offering serves to prepare students with a very particular skill set that in turn equips them to manage culture and heritage resources.

There are 13 heritage management courses offered in this program that employ case studies and real world experiences to ensure students are prepared for the field. Here is a look at five in particular.

Financial Management and Planning for the Culture and Heritage Sector: Bookkeeping, accounting and financial principles that underlie sound management decision making in sector organizations are covered in this heritage management course. Topics include bookkeeping and preparation/analysis of financial statements relevant to a culture and heritage organization, budgets and budgeting, cash flow, electronic financial reporting and more.

Culture and Heritage Marketing and Strategy: A study of marketing principles and practices helps students of this heritage management course to learn about developing strategic objectives in relation to a site or facility’s mission, resources, opportunities and challenges. A spectrum marketing techniques for sector establishments using the most current intelligence on positioning, branding and e-marketing highlights marketing solutions through case studies.

Collections and Exhibit Management: Educational and Interpretive Programming: In this heritage management course, learners examine how organizations create memorable learning experiences for visitors, develop community outreach approaches and plan for the delivery, staffing, management and evaluation of programs. Policy development, learning theory, communication and interpretative skills, and the methodology of program design are covered. As a result, students explore and consider how museums and heritage organizations embrace learning as a valued outcome to develop effective, long-term community partnerships.

National Historic Site Management: This heritage management course offers an understanding managing National Historic Sites (NHS). NHS site designation and the attendant impact on marketability and revenue generation are examined as are the social and environmental impacts of increased visitor traffic and material or resource degradation in relation to visitor arrival levels approaching the site’s carrying capacity. Case studies in the course allow for discussion of stakeholder communities and perspectives on sustainability, marketing issues, destination management and visitor management.

Culture and Heritage Industry Field Placement: By spending time in the field, students are able to relate heritage management and culture course theory to actual workplace circumstances. Additionally, Industry Field Placement provides the opportunity for execution of the mentorship experience with placement supervisor serving as mentor, which offers students the benefit of guidance with an appropriate sector practitioner throughout the semester.

All of these heritage management courses are designed for those who have already completed a post-secondary diploma or degree. As such, applicants must present a transcript. Also considered for these heritage management courses will be applicants with partial post secondary education and relevant work experience in the field. Resumes may be requested.

Time Management Tips How To Generate New Strength And New Potential Each New Day

Posted on August 25, 2018 by blogger

Time management tips open time by helping you develop vital strengths. It’s the power of your choices that free you to live by your deepest values. Why not the timeless wisdom of Eleanor Roosevelt, who successfully battled depression and endured profound life losses with heart and dignity? She was highly esteemed for her courage and humanity, and her words still ring true today. You deserve to be deeply fulfilled, and the following tips will support your efforts.

It’s actually remarkable that we so rarely acknowledge or appreciate the new in an ever-changing world. .

“With the new day comes new strength and new thoughts.”

Eleanor Roosevelt inspired millions by forging opportunities from the most daunting circumstances. In this way, she created opportunity by refusing to indulge in fatalism or self-pity.

Entering the unknown with willingness to change is self-renewing. And with fresh eyes, the world becomes fresh and inviting again, too.

It is pragmatic as well as invigorating to welcome each day as a new beginning. If you seek ways to grow through adversity each day, you will always be successful in finding the ideal conditions!

To Embrace The New, Learn From The Old.

Do you wish to be rid of your old baggage? Keep in mind that it is only in extracting wisdom from hard experience that you can truly set it down. The most wrenching conclusions turn you in a new direction.

So greet the newness of this particular day with renewed commitment to grow beyond your current limited understanding of yourself. As Eleanor Roosevelt reminds us, “You must do the things you think you cannot do.”

Are you willing to give yourself the comfort and intensity of self intimacy? This is truly the potential of self-renewal.

You Shape Your Time Through Your Perceptions.

When you awaken to a new morning and frame it as the adventure it is, you immediately feel energized and excited about what is to come. And because you are seeing things this way, each moment can open in new directions.

Of course, this isn’t a one-time decision, but a choice made repeatedly throughout the day. Creating a personal mantra helps. With all the inspirational quotations available, you can collect a few, select your favorite or better yet, develop one unique to you. One of my personal favorites is, “How can I challenge myself today?”

The following quote is inspirational whenever you find yourself procrastinating.

“Do not wait until the conditions are perfect to begin. Beginning makes the conditions perfect.” Alan Cohen

So, expand your potential by regularly outgrowing your comfort zone. Do you choose to find time for the amazing adventure of this new day? It’s a choice that changes everything!

And to energize and mobilize yourself, sign up for our free Finding Time Success Kit, with “The New Finding Time Boundary Template: 9 Steps to Find More Time & Recharge Your Energy!”

This time template plus workbook will help you move beyond disappointment, and overwhelm. You’ll find 24 hours really are enough!

Offered to you by Paula Eder, the Time Finder Expert.

M-Files QMS A Tool for Quality Management of Your Organisation

Posted on August 22, 2018 by blogger

Today, we have got some of the best tools that can be really helpful for the best management of the company. These systems take the load off from the people and from the managers. If we wisely implement them in our structure or company then we can make a huge difference to our production and economy. And one of the very popular and admired management systems is known as M-Files QMS or Quality Management System. It’s basically a practical tool that will help a person or an organisation in the daily quality management. Here, all the quality related documents and data are connected together inside a single system.

With the arrival of these management systems we have seen a new future that heavily depends on internet and its resources that consists of various features at very low risk factors. One of the best things about today is that there is very less use of paper and making the organisation a paperless office. You can make the difference by using these technologies in your company. Clients should always go through the features to make them comfortable and satisfied with the technology. This is one of the best things that will help them and their organisation.

Some of the best and most discussed features of the M-Files QMS are:

Employee training & qualification records

Quality manual template

Audit trial tracking documents & records

SOP management

CAPA & NCR management

Digital & electronic signing

Employee training & records

Calendar view

Reporting for analysis & intelligence

These are some of the most admired features of the daily quality management system. There are various other products available in the market because there are many developers and each and everyone has different prospect and point of view. With them your work will become much easier, smoother, simpler, productive, secure and easy to access. This software can be termed as an out of box product specially made for any type of organisation and its proper functioning. There are many things you should know about the M-Files QMS and some of the important features that will help you in understanding about the application are:

1.The modules of this product provide support for templates, training and qualification support, SOP management, audit trails and much more.

2.This is an award winning Electronic Document Management System (EDMS). This system is best used for the storage and organisation of all the quality related scanned paper documents, electronic documents, email messages and many other important data and information.

3.This application includes pre-configured templates for the quality processes and workflows which covers frequent quality needs and policies.

4.It consists of a reporting engine a calendar which will notify us immediately about the ongoing, near future, and overdue quality works.

5.You can get the critical quality information from any place, it supports for browser only and from mobile devices too you can make necessary changes and it is completely location independent.

These are some of the features that make this application important and an organisation a paperless office.

Author Resource:

Jeremy Hancock emphasises the need to manage and protect the data of any organisation effectively. He has reviewed M-Files QMS and found many robust features in it. FileExpert.co.uk is the leading provider of M-Files and FormStorm systems for a paperless office and saves your time and money.