Successful Management - M^3

Successful Management promoters remain a center point in the midst of M^3  namely  MAN POWER , MATERIAL & MONEY .

 Promoters remain the basic end of successful Management in the sense that for starting a new venture , money to be generated by discovering the new venture & image of the new company on the basic of which shareholders are attracted to deposited that fortune in the new company .

Shareholders ,money as per the subscribe capital in the hand s of promoter for starting a new venture as per the planned ,budgetary control prepare at the initial stage to plan out for starting a new company.  

All this as per the planned program for the company promoters must be in their hands a particular of revenue & capital budget .

As to the subscribe capital if the flow up the money receive is more than subscribe capital the extra money to be refunded to the shareholders & share allotments to be issued to the shareholder on pro data basis . 

After completing the formalities ,the responsibility of promoter starts as per their  planned program under the budgetary line .

The task is heavy  & responsible  for the promoters as where begin is half done & they may move towards their goal.

Prior to this the main important assignment may have started at the initial stage first by recruiting the Man power to be categorized Firstly by recruiting the team of the Management in areas of technical ,planning , administration , & last but not the least personnel for finance management .

With this company s’ chairman with the board of directors go ahead with their recruitment of Sr Personnel by the offering them free hand for their working environment with the clear picture of frame work of company so that the management team may process in the line with the set up of the organization .

The first responsibility of the management team is to go ahead with the recruitment process in the line with the categorize of personnel & personnel department also help to view the technical personnel & other level course in the line with  initial requirement of the management of the company . 

Prior to this order of the plan, machinery ,& such other equipment as per the order planned & to be installed in the company .

With this the production & other activities of company started . With this starting process periodical meeting with the management to be given a priority so that the board of directors have with them a clear status working & formation line of the organization . 

With this management team have to remain in touch with their personnel to find out for the working in the satisfaction   manner & help them to find out the problems for their working problems.

Personnel department have to play a very important part to finding out the working program for the evolution of the employees in a systematic formats for every categorize of personnel so as to have the very clear line of their status of the performance with the management .

 With this financial management have to claim & very important part for frame line ,the expenditure chart in the line with revenue & capital budget & after starting with the company production activities , finance department with the help of costing personnel should also present the cost imputation ,statement  before the management so as to have them a previous standing of the organization.

Now the most important part in respect of for starting a new venture he responsibility of the board of director is to see that the shareholder who have invested their finance in the company , before year ending the company must present a clear picture of the entire set up of the organization with the progress so that the shareholder may have real grief of the company s’ under which they have invested their money .

With this the success of the organization of the company is to controlling the management of the finance – production line of working & last but not the least the satisfaction of employees of every categories in the company set up.