Archive for April, 2010

How to establish a share portfolio

April 30th, 2010 No comments

Before you can buy shares in a company you must first understand what they are and how they work. When you buy shares in a company, you are doing exactly that, purchasing your very own part in a business, even though its only a small part, the results can be rewarding. When the business makes a profit, it reflects in the share price and you make a profit as well.

Managed funds are on offer for people who are not entirely certain about going head down into the share market as in individual. Managed funds are offered by a number of stock broking companies in a wide array of values, starting at $1,000 and going right up into the hundreds of thousands.
Managed funds give the investor the opportunity to take advantage of the benefits in the stock market, without all the hassle of knowing what to buy or sell, and when to do it.

Of course this kind of luxury comes at a price, there are a few upfront fees to be paid, but generally beginners are treated pretty well. A lot of brokers are offering some kind of security attached to their managed funds, something along the lines of, increase your profit by 25 percent in the 1st 5 years or get your money back. Read more…

Essay on Business Ethics

April 16th, 2010 No comments

A successful manager is required to manage business and complicated situations without stress. He is also required to take quick decisions, sometimes with very little information. He has to promptly analyze the situation and respond with alacrity to ensure that the business is not adversely affected.

My experiences as an article clerk have been very different from my fulltime work. As an internee I had almost no decision making authority and suddenly I found myself in the position of a credit officer in a global bank. Though I soon realized that this position demanded little and offered little. Now as a finance controller in ABB, I have been required to take major financial decisions. As finance controller of a loss-making unit, I have had to take decisions which wrongly taken could have had disastrous consequences.

Circumstances forced me to take rapid decisions even when the information was inadequate. This sudden shift, from simple decisions to potentially risky decisions, stressed me significantly. However, I observed other senior managers taking decisions comfortably in similar situations. I have realized that their ability stems out of their on hand experience and quality management education. On discussing with them I found out that a lot of their skills were developed in simulated classroom discussions and on the basis of their peers’ experiences shared in the classroom. I have also observed that though finance function is given due importance, controllers are never seen as good managers. Finance controllers are perceived as very good in their area but are perceived to be poor decision makers and not good managers.
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What do Managers Really do?

April 14th, 2010 No comments

In the past few months, we’ve been studying the organization and the people who lead them. It is known that managers handle their subordinates in a corporate setting. Each manager has different types of function to smoothly accomplish the company’s goal. We have the top manager, middle manager, and first line manager. The top manager is usually the head of the organization and his right hand is the middle manager, who relay the goal of the company to the first line manager who are divided specifically to certain areas they excel. The first line managers accomplish the task they are given for the good of the company.

Mainly these types of managers have the same functions. They all plan, organize, lead, and control. The top managers plan the goals to be accomplished for a certain period of time. The middle managers supervise the first-line managers in planning the actions to be taken to accomplish the goals of the company. The top manager leads in a sense that he try to set a good example to his subordinates and motivate them to accomplish their jobs. The middle manager makes sure that the planned goal will be accomplished within the time frame set by the company. The first-line managers take charge of their groups in accomplishing their task and try to incorporate each fulfilled tasks with one another to accomplish the goal. The top manager control the group by taking the risk of making decisions if a certain plan did not work the way it should be. The middle manager controls the collaboration of different work group of the first-line managers. The middle manager should motivate his subordinates to give out their best in the task given to them and work hard for it, for the good of the company.

I learned these things in our class, however I’m really not sure if these topics are applicable nowadays. We are asked to interview a manager in an industrial setting to know if the ‘Management process’ we’re learning inside the classroom is accurate with the fast pace life of the industrial setting. Read more…

Statement of Purpose Essay

April 2nd, 2010 No comments

It is rather difficult to put down my five year career plan year by year because I do not know for sure the time period I might require for each stage of my plans. It will depend a lot on the work environment, the exposure I get and the opportunities that come my way. Therefore I’m putting down my plans in stages.

After completing my management education from Pepperdine, I would like to join an investment banking or consulting company as a management trainee. Working in such an environment, I expect to be exposed to different kinds of businesses and the dynamics involved in the financial structure of each. Here I would like to put my management education namely subjects like ‘Managerial Finance’, ‘Principles of Finance’ and ‘Strategic Analysis and Decision Making’ into practice and understand the practical aspects of these subjects however I would keep a cautious approach. I would like to gain from the experiences of my senior colleagues and query them about all the doubts that I might have. I would work hard to prove myself to the company as well as get myself noticed. Read more…