Fundamentals of Management

The main task of the manager is to increase the return on the investment and resources. At the same time, it does not matter in what field of activity this task is worth.

Experts define the following theoretical bases of management:

1. Monitoring.
2. Control.
3. Organization.
4. Planning.

Management is considered art and science at the same time. Art is reflected in the goal - to make sure that the work with the manager was more effective than without it. The scientific part of management is the methods of achieving this goal.

Work begins with planning. Without this foundation of management, it is almost impossible to succeed in any undertaking. If the random success is still held, then there are negative aspects. They are included in the inability to conduct a reverse analysis and identify what specifically triggered success.

Planning begins with the formulation of the final goal of the work. The next stage will be the designation of the best way to achieve it. When planning, it is important to consider the potential and real availability of resources (which can be obtained in the near future and what is available now). In addition, great importance is given to the human factor. When the goal is reached, the most rational way should be chosen. Often this way is outsourcing (hiring a third-party professional), which allows you to save staff time.

When planning, all possible scenarios of forthcoming events are necessarily worked out. After comparing all the schemes, one is chosen, the most suitable and easily implemented.

As the next basis of management is the organization. Just before you start the planned process, you need to make sure once again that everything you need is prepared for the implementation. If certain persons are involved in the work, it is necessary to check whether they are ready to fulfill the tasks. The manager must check everything in person. This condition is necessary for the successful implementation of the plan.

The next component of the work is management. The essence of this basis of management in regulation. In this case, each participant takes his position and performs certain tasks, and the manager, as a conductor, manages the process.

Fundamentals of management include such an element as monitoring. Despite the fact that the process is running, you need constant control over it. The manager must be sure that all processes are going as planned. If there are any difficulties, it affects the work, solving the problems.

In addition to the above-described concept of management, there is the notion of "financial management". The tasks of this industry are somewhat wider. There are several other bases of financial management. They include:

1. Normative, legal and state regulation of the enterprise in the financial sector. This, in particular, the tax administration in the form of fixed rates, terms of payment and other things.
2. The application of the market mechanism in the settlement of the financial activities of the organization. The essence of this basis is the demand, supply and price level for liquidity of stock and cash instruments, loans.
3. Internal financial management of the enterprise. Regulation is carried out taking into account the organization's charter, regulations, requirements, targets.
4. Information support, based on management and financial accounting, statistical and operational reporting services.
5. Used in the analysis, control and planning of financial, economic activities of the organization methods of financial management.
6. The system of financial leverage. Under the levers understand the interest rates on deposits and loans, tax rates, depreciation rates.