Q I. Write a note on the managerial roles and skills? [10] Mangerial Roles and Skills Mangerial Roles: To meet the many demands of performing their functions‚ managers assume multiple roles. A role is an organized set of behaviors. Henry Mintzberg (1973) has identified ten Sub roles common to the work of all managers. The ten roles are divided into three groups: interpersonal‚ informational‚ and decisional. According to Henry Mintzberg(1973)‚ managers in an organization‚ in order to be effective
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Examining the Role of the Financial Manager Corporations operating in the United States are becoming more transparent in today ’s markets‚ mainly due to the Sarbanes-Oxley Act of 2002. Accountability has been increasingly placed on senior corporate officers to comply with the government regulations and validate the financial information presented to the firm ’s stockholders. The fact is that this does not always ensure a firm ’s financial managers‚ employees or the shareholders viewpoints on maximizing
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Role of Financial Managers The financial manager plays an important role in the functional areas of finance. The assignments of finance functions to the financial manager depend upon size of the business enterprise. The larger the business enterprise- the greater degree of specialization of tasks is needed. The financial manager is the key persons in any business enterprise. The function of finance manager includes budgeting and investing funds‚ accounting‚ products pricing and forecasting. The
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Role of the Financial Manager The role of the financial manager has changed drastically during recent years. Previously‚ financial managers were seen as the stewards of the organization‚ since they were responsible to ensure the accountability of all organizational assets and to generate accurate financial reports. Today‚ their main goal is to maximize shareholder value. In order to achieve this goal‚ they have to be information managers‚ cost managers‚ controllers‚ consultants‚ and risk managers
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An operations manager typically ensures smooth operations of various processes that contribute to the production of goods and services. While other employees can specialize and focus on other operational areas‚ the operations manager tends to work under every department within the firm. Globalization has increased the roles of an operations manager‚ due to an intense increase of competition amongst organizations. The fulfillment and challenges that come with this position makes it difficult
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OLE OF PRIMARY TEACHER The Teacher is like an oil lamp if its flame is steady and bright a hundred lamps can be lit by it‚ without in any way diminishing its brightness. For ensuring the brightness of the lamp‚ it is necessary that the wick be in good order and the oil supply be sufficient." Certainly the role of the teacher cannot be written in mere words. So far from my observation as a learner‚ I have begun to understand that there are many roles and responsibilities that come with
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Role Model People who influence our lives in positive ways a called role models‚ it is a key quality of a leader to be a role model. Followers want to follow a leader who they can point to as an example in almost every thing they do. Good leaders set the pace for their followers by their lifestyle‚ behavior‚ and actions. Leader as a role model Followers will become a fan for life for a leader who becomes a mirror through which they see themselves and make adjustments to live a worthy and better life
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Role of the Financial Manager It can be said that an accountant evaluates bookkeeper records and shows the results as losses and gains to show the progress or failures of a company and also its future limitations and potential. On the contrary‚ a financial manager’s role is to maximize the value of a company. In order to achieve this‚ various types of financial statements are required to provide to investors. In the past‚ the role typically focused on generating and reinvesting finance capital
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Management MGT330 Roles and Responsibilities of Organizational Managers and Leaders of the McDonald’s Corporation Leadership and management at the McDonald’s Corporation refer both to those entities that does the leading and to the process of leading. Leadership has been centralized and is somewhat controversial in the process of the movement of most organizations. Despite any claims of contrary in the roles of leadership‚ there is substantial evidence that leadership is positively related
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Role of Project Leader Executive Summary A project leader plays a vital role in the success or failure of new initiatives or plans. Nowadays‚ every organization is going green to contribute in the sustainable development of the environment. Go green initiative is aimed to improve the sustainability of the environment. Riordan Manufacturing is planning to develop a green project. Staffing decisions form a great part for any project. Project leader is responsible for managing the staffing
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