An Introduction of Financial Management Book of SMU MBA

A well known university SMU is most famous for health and medical. Now, it is famous for distance education also. In the recent days, it has been known for distance MBA very promptly. The university provides own written books for its MBA education. There is an introduction of financial management book.

There are 15 chapters in the book. The book deals the management problems and financial resources in business firms. Financial management is known as basic managerial actions relating to the three major decision areas such as investment, financing and dividends and working capital management.

The book comprises 15 units:

1.Financial Management – the chapter explains the meaning, scope and examines the goal of corporate financial management. 2.Financial Planning – the chapter explains the meaning and need of financial planning. 3.Time Value of Money – the chapter introduces about time value of money and discounting of cashflows. 4.Valuation of Bonds and Shares – in this chapter writer explains about the valuations of bound’s principles and equity shares. 5.Cost of Capital – this unit describes the concept of cost of capital. 6.Leverage – it is one of the most important chapters in the financial management which deals financial and combined leverage. 7.Capital Structure – in this chapter many theories of capital structure has been introduced. 8.Capital Budgeting – the chapter explains the meaning, significance of capital budgeting decisions and about various investments of appraisal techniques. 9.Risk Analysis in Capital Budgeting – there has been introduced risk in capital budgeting decisions. 10.Capital Rationing – it examines the steps which involved in capital rationing process. 11.Working Capital Management – there are various concepts of working capital and factors that influence the working capital requirements in a firm. 12.Cash Management – this is the most important component of working capital. 13.Inventory Management – the unit describes about various forms of inventory management. 14.Receivables Management – cost of maintaining receivables, formulation of credit policy and determination of an optimal credit period has been discussed in the chapter. 15.Dividend Decision – basically, the chapter deals about payment of shareholders.

These are the brief description of financial management book of SMU MBA. A student can find more about these chapters in the book of Financial Management.

Gian Brett is an expert writer of various subjects. He has written many articles on Financial Statement Analysis also.

Virtualization in Server Support and Server Management

Server Support and Server Management are very highly discussed topics on the CIO’s desk for most organizations. They form the backbone of running and supporting hundreds of mission critical business applications for the organization to function smoothly and efficiently. From the IT Manager to the CIO everyone really needs to get this aspect right to be successful in their roles.
One of the key trends over the last few years has been the ever increasing role of virtualization technology in the data center. The Wikipedia definition of virtualization goes like this – -Virtualization is the creation of a virtual (rather than actual) version of something in the area of computing, such as an operating system, a server, a storage device or network resources. Virtualization can be viewed as part of an overall trend in enterprise IT that includes autonomic computing, a scenario in which the IT environment will be able to manage itself based on perceived activity, and utility computing, in which computer processing power is seen as a utility that clients can pay for only as needed. The usual goal of virtualization is to centralize administrative tasks while improving scalability and work loads.-
Virtualization has been a game changer in the Server Support and server management game. It has made management of data center servers much earlier to maintain, monitor, and backup. It has significantly reduced the needs for power and space, while reducing carbon footprint and overall resources. Utilization of computing resources has increased many fold as virtualization allows the flexibility and elasticity for virtual machines to be deployed, configured, and changed on-demand, and the same physical servers can support multi-function and multiple applications.
Cloud-computing has been largely supported by virtualization as all cloud service providers have large implementations of virtualization at their data centers. The huge amount of value of shared computing has been facilitated via this method.
Backup and disaster recovery for IT Systems has become significantly easier. Whether your business is small or medium-scale virtualization is the perfect solution for all applications. With this only a single person is able to handle the issues with more than one server. The virtual servers are playing a tremendous role in this sector of server support.

Enjoying Stress With Stress Management Games

When stress turns into something really overwhelming, the body takes the toll different body parts start to fall off ensuing in overall collapse of its administration. Stress management games are intended to prevent such situation. Depending upon ones need for countering stress, a lot of new methods for stress management have been formulated stress management games perform a significant role. With this technique, permanent relief of stress is excluded, but one is able to accomplish partial results.

According to various researchers, it has been proven that stress management games play a vital part in relieving stress and scores over other conventional approaches in conquering stress. However, stress management games need not be the hard games such as cricket and football. It can be in more relaxing forms such as swimming, which is an excellent stress reliever; even showering longer while singing as loudly as you like, or dancing around the house, are great stress relievers.

For those who dont want to get out of a room to handle their stress, they still have options. The all-time stress giver Internet, also has alternatives for stress relief play online competitions, multi-player games, or computer games, and one can find much drop in ones stress levels.

A lot of stress management games are formulated for the advantage of employees, students, and those managerial people. The competitive arena of these individuals has made their world a more stressful one, and so the need to take useful and effective approaches to reduce stress is important.

Among the many stress management games that has been created for employees to make a fictional understanding of stress include Apprentice Team Game, Free New Team Game, Millionaire team Game, Free Spiderweb Team Game, Amazing Race Team Game, Team Building, and Survivor Team Game.

These games and techniques have had a lot of positive aspects. The new processes, technical advances, and ways, have shaped new forms of stresses, and so it is but normal for new sorts of games to relax the mind and body to be designed. These games give three elemental benefits exercise, fun, and accomplishing objectives. The interaction between employees through these platforms, have gone a long way to lessen the burdens of stress.

Stress management games should serve two purposes; to give the individual some mental diversion, and some physical activity. A persons final goal is to recognize his or her stresss root causes. After stress management games session, one should think calmly about this phase.

Get more information about Motivational and NLP Hypnosis at Articlegrow.com.

Organizing Work Using Distributed Management

Keeping work organized is a major challenge. There is a strong relationship between the effectiveness of work organization and productivity; so better organization usually improves ROI.
People do work, so work organization is largely about how people are organized and most importantly, how people organize themselves. Gone are the days, when managers were able to organize every action that each person is doing.
People are more dispersed, changes are more frequent, and there are less managers and supervisors. So the only way forward, seems to be to make it easier for people doing the work to more easily contribute to organizing work. This means that the traditional management approaches that centralize organizing activities around managers need to be more distributed amongst the people doing the work.
Distributed management is a management method for people to work together over the web to accomplish desired goals. Management activities are distributed through the people doing the work. The key concepts of Distributed Management are discussed at http://en.wikipedia.org/wiki/Distributed_management.
I have been developing distributed management methods and web software to apply those methods for over 10 years. The great thing about software is that it forces you to confront the real world issues that make distributed management hard to implement.
For example, organizations usually want to control the task and process information that organization members create. This information is the organizations intellectual property and usually is core to the organizations competitive advantage. But in these days of outsourcing, people outside an organization need to be involved in organization tasks and processes.
For distributed management to function, there needs to be a relatively free flow of relevant information between the people involved from anywhere at any time, but security and privacy also need to be an integral part of the process.
For a distributed management method to become mainstream, it needs to be able to easily manage tens of thousands of people globally, doing tens of thousands of tasks, in close to real-time. Smart software is required to keep work organized with minimum effort from managers and others. Web and mobile browsers provide access from anywhere at any time.
TASKey has spent years working through the complexity that rapidly occurs when people want to work together. There are many software products that focus on managing projects, or on individual time management. These products are useful, but they are limited to relatively simple situations.
In contrast, a true distributed management solution can simultaneously handle: the implementation of a corporate plan; projects and change initiatives; operations; business processes, and tasks and actions involving many people within and outside an organization in many locations.
Task and team information needs to be synchronized and presented from each persons perspective. This is the key for distributed management to work every person involved needs to see the up-to-date task and team information they need to do their job.
Using distributed management software with web and mobile browser access, work can be better organized, leading to higher productivity and a credible return on investment (ROI).
For more information, visit www.taskey.com or www.me2team.com
By,
Dr Neil Miller

Visitor Management System Installation Operation Maintenance

Gone are the days of primitive visitor management! Electronic devices for visitor management are the need of the day. Areas with a large number of visitors adopt visitor management system to keep a track of the people checking in and out of the building. Schools use the system to prevent crime against children. Highly secured government offices install this device to control unauthorized access to sensitive data. Prison authorities are also resorting to the utilization of biometric visitor management solution. Friends and relatives who come to visit the inmates can be easily monitored with this tool. Its demand is increasing day-by-day, as more and more institutions opt for a programmed visitor management system.

Visitor management system, a computer based application, manages a large number of visitors in an arena. Modern systems are advanced and technology-driven mechanics. It functions in combination with a high resolution web camera. It offers the facility to check appointments, increase the pace of security screening at multiple access points and determine the time spent by the visitor inside the premises. Installation, operation and maintenance of a biometric visitor management solution may worry the user to some extent.

Merely purchasing a visitor management system does not serve your purpose. It needs to be properly installed. Minimum hardware and software requirements need to be met as specified by the provider. LAN connectivity is a must at the site of installation. Visitor management software can be downloaded. However, the user needs to have an average technical know-how in order to install it. Software needs to be installed in the unit and a web camera needs to be connected to it. People not having a hold on technical matters usually go for biometric visitor management solution providers. Providers study the site and the access points. They carry out the necessary task for installation, letting the end user relax!

Visitor management system is usually used in places where a large number of visitors come and go. It becomes difficult to keep a track of all the visitants by few employees. Biometric visitor management solutions generate a Photo ID of the first-time visitors in softcopy format. This is stored in the database to maintain records of all the people who visited the building. Some companies print the Photo ID for one-time or continuing use to speed the security screening process. Modern visitor management systems enable the operator to know the total visitors inside the premises. It also provides the facility of restricting troublesome visitors by sounding an alarm at the time of their visit. It can be combined with an access control for greater safety.

Biometric visitor management solution providers let the users buy an annual maintenance contract. They provide support at the time of any damage or malfunction. UPS for uninterrupted power supply is advisable to prevent any injure to the application. Visitor management systems require all the care and attention like other software! It should be protected from virus, worms and Trojan horses. Hacking of a visitor management system’s database may have serious consequences. Maintaining a visitor management system calls for extra attention.

Why Lead Management Is Important

It is often said that leads are money but if we see it closely then we have to say that lead is money while managed. This is the point from where the utility of lead management is plunged into the process of effective and articulate business administration.

Lead management is not a single process as suggested by the name; it is a complete result of some effective interrelated processes. The processes are lead generating, lead filtration, lead tracking, and lead nurturing, which develop a complete plan of lead management. As these inter processes vary from one company to other lead management, although maintain one goal i.e. development and growth of company, abruptly differs from one unit to other.

Nowadays web presence is an essential part of business growth. In comparison to other media exposures web exposure proves more subtly fruitful as it fetches direct and indirect benefits within a short span of time. While assertion of web presence helps to cater the business image with a better and modern approach, generation of internet leads is the passive benefit of web presence. Insurance leads, debt settlement leads get widely generated from Internet advertising.

Insurance providers, retail banking product marketers bank more on internet leads for their business expansion. It is said that insurance leads from Internet are of better quality and turns into prosperous leads because in most of the cases these leads are generated by intended customers according to their personal requirement. Apart from internet leads, leads can be generated from other sources like promotional shows, referral leads, and by online and offline mailing process.

Apart from lead filtration, lead tracking is one of the most significant steps of lead management. Lead nurturing is one of the allied processes of lead management which is close to lead tracking. While lead tracking keeps track with leads latest condition and status; on the other hand, lead nurturing takes active role in keeping the prospective leads alive and promotes different interactive measures to inform prospective clients updated about the new development of the company and their product profile as often happens with debt settlement leads.

This process of lead management is really assertive and brings benefits for long-term business foundation of the concern because lead nurturing process prevents leads from getting lost, which is relevant for insurance leads. Therefore when the leads get hot, it is the long-term relationship of the service provider the leads turns into sales prospect as a result of this long term nurturing process.

Lead nurturing process can be mostly significant for insurance leads and debt settlement leads. Especially, if you are using any pre-existing customer database for lead generation, lead nurturing may generate good result and help in turning the leads into hot prospects; if not instantly, but in close future.

Lead management is a supportive process to sales and marketing plan of a company. In fact it is the first step of effective and quality sales. Therefore it is important to know that the efficiency of lead management process can only maintain a steady flow of sales and rolling of revenue in the sales process and lead a business unit toward optimum development and flourishment.

A Simple Guide In Developing A Crisis Management Plan

Crisis management is said to be the procedure in which an organization takes on the different events or situations that may threaten or harm the stakeholders, the general public and/or the company itself. Before you can make the crisis management plan, there is a need to first define the threats or crises that might affect your business. In order for you to identify them, there are three things that you have to look for. These are the events that threaten the success of the business, the element of surprise and short time that is needed to make the right decisions. According to experts though, there is a fourth element required to determine whether a certain event is a crisis and that is the need for change. In this case, if that particular situation does not call for change, it can be considered as just a failure or an incident and not a crisis.

Another thing that you have to know before you make the crisis management plan is the very little contrast between risk and crisis management. For many years, there have been comparisons between the two even including debates about risk management vs. crisis management. The main dissimilarity between them is that risk management involves the assessment of potential threats and searching for methodologies that will help the business in avoiding the threats. Crisis management on the other hand deals with threats themselves after they have broken out of company control.

The crisis management plan is created in order for the supervisors or the business owners to obtain guidelines for any crisis situation. Thus, it should be an effective document, which includes the fact that it should be continually updated since the industry, the company and the world changes rapidly. Crisis management planning is and will always be a part of the overall protection and emergency awareness and strategic planning process of the business. To get started, five Ps and one E should be remembered: predict, position, prevent, plan, persevere and evaluate.

The first step is to always identify the issues but this does not mean that once you have detected the concerns, you will stop there. This is an ongoing process which includes creating a list of every imaginable company issue starting with the things that will most likely happen. Then you will need to categorize and prioritize the items on the list. You can assign a crisis team that will help you in completing the task. The next step is for policy preparation which involves the policy statements with general principles such as honest, direct and timely responses, ethical standards integration and considering media when implementing the business practices in dealing with emergencies.

The crisis management plan is not complete without the specific responses toward the threats. When drafting them, consider the scope of the crisis, the established unified response and the knowledge of the staff members. The crisis management planning process should be clear, concise, simple and consistent so that the crisis management plan can help in identifying the things that happened, why they occurred and what the company should do to ensure it will never take place again.

Time Management Tips How To Generate New Strength And New Potential Each New Day

Time management tips open time by helping you develop vital strengths. It’s the power of your choices that free you to live by your deepest values. Why not the timeless wisdom of Eleanor Roosevelt, who successfully battled depression and endured profound life losses with heart and dignity? She was highly esteemed for her courage and humanity, and her words still ring true today. You deserve to be deeply fulfilled, and the following tips will support your efforts.

It’s actually remarkable that we so rarely acknowledge or appreciate the new in an ever-changing world. .

“With the new day comes new strength and new thoughts.”

Eleanor Roosevelt inspired millions by forging opportunities from the most daunting circumstances. In this way, she created opportunity by refusing to indulge in fatalism or self-pity.

Entering the unknown with willingness to change is self-renewing. And with fresh eyes, the world becomes fresh and inviting again, too.

It is pragmatic as well as invigorating to welcome each day as a new beginning. If you seek ways to grow through adversity each day, you will always be successful in finding the ideal conditions!

To Embrace The New, Learn From The Old.

Do you wish to be rid of your old baggage? Keep in mind that it is only in extracting wisdom from hard experience that you can truly set it down. The most wrenching conclusions turn you in a new direction.

So greet the newness of this particular day with renewed commitment to grow beyond your current limited understanding of yourself. As Eleanor Roosevelt reminds us, “You must do the things you think you cannot do.”

Are you willing to give yourself the comfort and intensity of self intimacy? This is truly the potential of self-renewal.

You Shape Your Time Through Your Perceptions.

When you awaken to a new morning and frame it as the adventure it is, you immediately feel energized and excited about what is to come. And because you are seeing things this way, each moment can open in new directions.

Of course, this isn’t a one-time decision, but a choice made repeatedly throughout the day. Creating a personal mantra helps. With all the inspirational quotations available, you can collect a few, select your favorite or better yet, develop one unique to you. One of my personal favorites is, “How can I challenge myself today?”

The following quote is inspirational whenever you find yourself procrastinating.

“Do not wait until the conditions are perfect to begin. Beginning makes the conditions perfect.” Alan Cohen

So, expand your potential by regularly outgrowing your comfort zone. Do you choose to find time for the amazing adventure of this new day? It’s a choice that changes everything!

And to energize and mobilize yourself, sign up for our free Finding Time Success Kit, with “The New Finding Time Boundary Template: 9 Steps to Find More Time & Recharge Your Energy!”

This time template plus workbook will help you move beyond disappointment, and overwhelm. You’ll find 24 hours really are enough!

Offered to you by Paula Eder, the Time Finder Expert.

Management Information System (mis) In College Management Software

Management Information System (MIS) evolves through various technologies in time along with programming evolutions. In these days processing of the information becomes significant for better performance of managerial functions such as planning, organizing, leading, and control. To analyze and figure out from the deferred data is a long process. These processes can be reduced using several latest technologies with the prior use of MIS report format. The system will help the entrepreneur/ organization under the current situation through various reports; it will lead to enhance the productivity and profitability of the organization.

The need of MIS is inevitable and reporting varies from organization to organization, leading from the industry level to education and personal management etc. Quality of the MIS depends on major 5 factors: Time, accuracy, Consistency, Completeness and Relevancy. If these factors are well guarded while building any MIS then it will be of great success.

Most of the college management systems had embedded MIS reporting with their software. Each stakeholder in the institution requires the prompt report and depending on these requirements MIS Report format will vary. Professionals working in these verticals need to figure out the exact solutions for their stakeholders requirement.

Basically there are 4 stakeholders in colleges: Administrative, Teachers, Parents, and Students. Each one has their own involvement in the day to day activities of the college. A thorough study must be conducted to figure out the optimum format:

1)Need for the college management system.
2) How the end user benefit it.
3) Appropriate selection of components available.
4)Feasible study for how to present the report.
5)Appropriate technologies to be used.

Various report modules involved in the college management systems are:

College Information
Student Information
Employee Information
Attendance Report
Leave Application
Time Table
Marks
Alerts and Events
Exam Schedules
Announcements
Exam Results

Each report module varies according to the different stakeholders use; For example leave application, this facility is available to students and employees in their respective logins. Where parent should have the privilege to apply on behalf of their wards and employees can apply leave in their login. So the modules vary even though they are following same scenario to apply leave.

User friendly interface creation is important. MIS Program should include graphs, comparison, and charts, so that users can understand the product easily. There must be a provision to import and export download and upload reports, which saves time.

A particular example could be in Vydehi Institute of Medical Sciences and Research Centre with the implementation of Attendance Online software which has MIS facility. The college management software implemented was so user friendly where exact reports can be downloaded and printed according to the users needs. The college claims that their workflow has changed and the attendance percentage of students has also been surged up.

The use of MIS in college management software should be effective so that the clients will get satisfied from which productive results can be derived.

Personality Type The Foundation Of Leadership And Management

Personality Type: The Foundation of Leadership and Management

by Kenneth L. Meyer
Lead People and Manage Things
The above heading is actually the title of a book written by my father on the art of leading people. Dad was a General Manager and sales trainer for the New York Life Insurance Co. Dad was one of their national leaders with a wonderfully profitable career.
I remember him quoting the above along the lines of no Kenny you cant really manage anybody, you lead them! So when he published a book of the same title I was not surprised and actually used it as a text for a class on Industrial Sales I used to teach at Eastern Michigan University in the 90s.
The line between leading people vs. managing them makes more sense and is clearer with the reference to things thrown in. You cant lead an inanimate object but you can manage them nicely; by the same token, you really cant manage a living breathing person but you can lead them by appealing to their humanity in ways they will naturally and many time instinctively respond to. We use all kinds of techniques to lead some techniques with a basis in fear and some with a basis in the more positive aspects of desire and sincerely wanting to get something done.
Personality Type
What we call personality type controls how individuals will respond to leading or managing. Each of us has a psychological function that controls, filters, informs and really directs how we take in information and then respond to that information.
There are many other aspects to how personality affects leadership and management but for this article let us view the above functions.how do we take in information and how do we reason and act upon what we take in. By looking at leadership related to personality in this way we will discover that one function that controls how we literally speak to everyone! That is important because if you are talking to me and I do not understand what you are saying how can I respond in a way that indicates you were leading or managing me, for that matter, to a profitable result?? Well I cant and neither can you.at least not without needless mistakes, stress, problems, misfortunes, hard feelings and missed opportunities galore!!
What Are We Taught?
We are taught what managers do, how they are to do it, the why of it and the when of it and the where of it. Fine as far as it goes; but, this does not impact leadership that much.
Each individuals personality type will not respond to any of the above in a positive, profitable way, unless their instinctive nature, their personality type is being spoken to.
Managers/leaders will behave in certain ways, talk and communicate with others, build teams, create plans, administer company visions in certain ways that transcend how they were taught to do the above.
By understanding your in-born nature and the differences that may exist between you and the ones you are trying to lead/manage you can use those differences to positively motivate. How is this done?
Speak to others the way they want to be spoken to for one way. Another way would be to put workers, whenever possible, in work environments more representative of their core personality functions. Referencing the Myers-Briggs Personality approach, one would put the sensor in the sensing work environment, the intuitive in the intuitive environment, and the thinker in the thinking environment and the feeler in the feeling environment.
The end result of todays efforts at leading/managing others is that 70% of all workers are working in areas of weakness on the job. So something is not working, what we as leaders/managers were taught in school are not working as well as it could. I believe we need to become readers of those we work with and for; identifying personality similarities and differences and then valuing, nurturing, validating what we find instead of forcing those managed/let to conform to our way of doing things.
This knowledge is not difficult, there is hope, and there is encouragement. Rely upon and institute the Myers-Briggs routinely within your organization. Study the differences that exist, try to match work related tasks, natural problem solving tendencies, natural conflict management skills to the various personality types represented and you will find leadership gets more productive; the entire work environment can become much more positive; and low and behold workers actually will desire to be on the job because they like it rather than working because they have to.