In business sense,
management refers to the art of organizing groups of people and all the
business activities involved for accomplishing a desired goal. In this regard,
management involves planning, staffing, giving directions, and controlling how
available resources of any kind are used. Such resources can be financial,
human, technical, or natural resources.
There is no doubt
that efficient management is required in all organizations including
businesses, in government and companies. It is through proper management that
desired results are realized within allocated budget plans and timelines.
Like with other study
subjects, management is a wide field. There are different types of managers
including financial, human, production and business managers amongst many
others. Regardless of type, management personnel are normally categorized into
three; first level managers (foremen, supervisors, section heads), middle level
managers (general, departmental and branch managers) and top-level managers
(CEOs, presidents and board of directors). Each of these groups of managers has
specific roles to play in any organization.
There is no doubt
that finance is one of the most sought after subjects by many students around
the globe. This is for the simple reason that a qualification in finance from a
higher learning institution enhances student’s chances of securing employment.
Because it is one of the most complex subjects you can find since it
incorporates such other subjects as Mathematics, it may be very necessary that
you engage finance tutors to prepare you well not only for exams but more
importantly to master it for professional success
Referred to as
business finance in some quarters, finance is basically the study of how we
allocate our assets in both certain and uncertain conditions, taking time into
account. This simply means the monetary value of an asset today may either
increase or decrease with time. Finance is a wide subject that covers such
other areas as personal finance, public finance and corporate finance.
Generally, finance
forms part of business management where it informs on very critical decisions
relating to usage and acquisition of funds. Personal finance refers to assets
relating to individuals. While public finance is a preserve of governments,
corporate finance is the preserve of business entities.
No comments:
Post a Comment