Max Business

with movies from studios’ “self-governing” divisions near-term to restore authentic self-governing pictures in the minds of a lot of, it’s reassuring to know that there are still moviemakers out there enthusiastic to max out their credit cards to get their first feature made. William Savage is one of those moviemakers……………..
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Co-ordination is a non-ending function. It is a continuous function although its degree may vary. The mangers work continuously to achieve co-ordination and maintain coordination because without co-ordination companies can not function efficiently. The concept of co-ordination always applies to group efforts. These are no need for co-ordination when only single individual is working. The need for orderliness, integration arises only when more individual are working as different individuals come form different backgrounds, have different styles of working so there is need to unity their efforts in common direction. Co-ordination always emphasizes on unifying the efforts of different individual because conflicting efforts may cause damage to organization. The main aim of every manager is to co-ordination the activities and functions of all individual to common goals.

In planning we are always thinking in advance and planning is concerned with future only and future is always uncertain. In planning many assumptions are made to decide about future course of action. But these assumptions are not 100 percent accurate and if these assumptions do not hold true in present situation or in condition then whole planning will fail. If in the plan it is assumed that there will be 5 percent inflation rate and in future condition the inflation rate becomes 10 percent then the whole plan will fail many adjustments will the requires to be made. Planning process involves lot of because it is an intellectual process and companies need to hire the professional experts to carry on this and money to collect accurate facts and figures. So it is a cost consuming process. If the benefits of planning are not more than its cost then it should not be carried on.

It refers to the unification of all the unrelated interests or activities bringing together the efforts and directing them to a common direction. Integration result is better performance of the organization. In the organization employees some form different backgrounds, they have different interests, different aspirations. The coordination function is unified and brings together the interests of all the employees towards the interests of the organizations. It means integrating the activities and efforts of different departments, working independently. It brings harmony in the working of whole company. Although the departments of an organization work independently but their activities must relate to each other, else there can be chaos and confusion. The sales department has taken an order of 1000 units, it cannot execute the order unless and until production department produces 1000 units unless and until purchase department provides raw materials and so on. So we can see that although departments seem to work independently but they depend on each other so this is needed to balance and match the activities of different departments. It means scheduling the operations in a suitable order so that there is no interruption in the operating process due to delay in one activity. Integrating the timing of different activities leads t smooth flow and smooth working of an organization.

Directing is a complex process. To guide managers to perform directing certain principles are developed. Directing function must help all the individuals to perform to their best ability. The manager must try to find out the hidden talents of the employees, motivate them to use these talents in the interest of the organization. Performance of organization becomes effective only when every one makes a distinct and maximum possible contribution to the organizational objectives. Managers must motivate the employees to contribute maximum. According to this principle the objectives if individual and organization must be in harmony with each other. A manager must direct his subordinates in such a way that they feel that organizational objectives are in their own interest. Directing should create conditions where individuals can achieve their objectives by fulfilling organizational objectives. By convincing employees that work efficiency and productivity are complementary to each other.

The factors and forces of business environment have lot to influence over the business. The common influence and impact of such changes in business and industry are explained. Prior to only few industries were having license and registration certificates for operating in a particular field. When the government de-licensed the company and abolished the registration scheme for the industries than and more people entered in the business of industrial movement. There was no more protected and stabilized environment for license holders and many more people joined the race of competition. There was only one car manufacturing company Hindustan Motors. This company was surviving in a protected environment because no other company was having car manufacturing license. But after when there was no license pequired many more car manufacturing companies were set up. So there was no more protected and secure environment for Hindustan Motors. After the new econ0omic policy the multinational companies got permission to establish themselves in Indian market. These companies are having large amount of resources world class technology and operate on large scale. These companies became the biggest threat to Indian companies. The Indian companies started entering into contract with foreign companies to complete with MNCs. An Indian sewing machine company joined Singer Company of U.S.A. and became Singer India Ltd. So that it can produce world class sewing machine.

Economic business environment is the most important dimension of business environment. The important factors of economic factors which have impact on business. The business policies of a developed country are different form the policies of developing countries. There are mainly three economic structures Capitalist, socialist and mixed economic structure. In capitalist state businessman takes decisions by giving priority to profit motive. In socialist state government give in priority to welfare of people and in mixed economy, India business policies are taken by considering both, profit and welfare of people. In mixed economy there is co-existence of public and private sectors. Important economic policies which influence business decisions are industrial policy, monetary policy. Liberal policies offer more opportunities to businessmen whereas strict policies put constraints. It includes five years plan, Annual budgets, and Growth plan. These plans also influence business decisions. The common economic indicators are national income, per capital income, rate of saving and investment, balance of payment, value of export import, GDP, GNP. It refers to basic service or setup necessary to carry on activities in a country, Transportation, communication, banking, financial institution.

Business men have to supply the goods to market according to the demand in market. To supply they need input, raw materials etc. they acquire raw material and other resources keeping in mind the output demanded in the environment. They select resources according to availability in environment and demand of output in environment. With the demand of flat screen color T.V. manufacturers are collecting resources necessary to manufacturer flat screen color T.V. rather than collecting resources of black and white T.V. they use the scanning report as input to make changes in the output which suits the taste of present day customer.