MSc in Financial Management (ranked no. 11. in Eastern Europe!) is appropriate for these intending to develop their careers in finance, broadly defined as corporate finance, security evaluation, portfolio management, treasury management, the functioning of financial institutions and markets, and financial choice-producing in the public or not-for-profit sectors. Organizing plays a pivotal role in company management It helps to visualize the future difficulties and keeps management prepared with possible solutions. Separation of ownership and management is a special feature of modem company organisation. The good results of management depends on its capacity to cope up with its environment.
The fundamental principles suggested by F. W. Taylor in his scientific management can be treated as his contribution to management believed. Unsuitable to modest units: Small makers argue that the notion of scientific management is not suitable to their units due to monetary and other difficulties.
Management thought is an evolutionary notion It has develop along with and in line with the growth of social, political, economic and scientific institutions. Management is a managerial procedure: Management is a approach and not merely a body of folks.
It involves determination of a course of action to attain desired benefits/objectives. Expansion of company: Expansion, development and diversification of a company unit are feasible by way of effective management. The Neo-classical theory of Management: It consists of the following two streams: (i) Human Relations Strategy and (ii) Behavioral Sciences Strategy.
He suggested certain methods which can be applied purposefully to all aspects of management of business activities. Their participation in management or upward communication with the management, and so on. The other contribution of systems theory is its treatment of organisation as an open system.…