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CONDITIONS FOR SUCESSFUL MANAGEMENT
« on: September 05, 2011, 03:01:06 PM »
CONDITIONS FOR SUCESSFUL MANAGEMENT
                                                 (Of Well Managed Companies)
1.   Sets our Goal High:
Keep your vision at a high level. For example goal of a tata motors was very high regarding nano and goal of an ITC was to become a fast moving consumer goods Enterprise and thereby they introduce a new product within an every 3 month.

2.   Concentration on one field;
Say no to Conglomeration of companies.

3.   Operational Excellence;
Enterprise should create an operational excellence in the organization so that innovation can be made and they can earn more profit. For Example- TATA Motors has suffered a loss of 500 cr.  In 2001 but with the help of innovation of cheaper steel it has created a Nano in the year 2009

4.   Well Qualified Managers:
After the Case of Sat yam Aaron etc a Enterprise should have well qualified mangers to manage the enterprise.

5.   Internal Promotion:
Most of the CEO of Well Managed Enterprise are from the same Enterprise through internal promotion.  For Example- CEO of Larson & Turbo am nayak join the Enterprise in 1965.

6.   Good Relation with Trusted Suppliers:

7.   Standard Quality of Products

8.   Research & Department
To Satisfied the demand of the customer a well managed Enterprise invest a huge capital on R&D.
« Last Edit: January 01, 1970, 05:30:00 AM by Guest »

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CONDITIONS FOR SUCESSFUL MANAGEMENT
« on: September 05, 2011, 03:01:06 PM »

 
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