Max Business

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.

Finance is the lifeblood of business. No business enterprise can be started and operated without adequate funds. In modern business, finance is required for the purpose. To start a business, machinery, land and buildings, and other fixed assets must be purchased. Money required for the purchase of fixed assets is called fixed capital. Money is required for purchase of raw materials, payment of wages and salaries and other expenses. It takes time to produce and sell goods. During this period working capital is needed. Finance is required for replacement of worn out plant and machinery. Without adequate funds, a business firm can’t modernize plant or machinery or use new methods of production and distribution. Funds are needed for expansion and growth of business. Thus, finance is needed at very stage in the life of a business. This importance of finance has increased with the growth of business. In modern business, large amount of funds is needed foe large scale production and distribution.

Co-operative organization is a voluntary association of persons formed on the basis of equality for the protection and promotion of their common economic interests. It is an attempt by weaker sections of society to accomplish benefits thought collective actions and mutual help. It is based on the principle of each for all and all for each. It is registered under the cooperative societies act. Membership of a cooperative society is voluntary nobody is compelled to join or leave the society. Anybody having a common interest can join or leave the society anytime. One member one vote is the principle of cooperation. Every member has one vote irrespective of the number of shares held. Thus, a cooperative society is run on a democratic. Capital of a cooperative society is raised by issue of shares to the members. In addition, a cooperative society can borrow from its members and from other sources.

The International Bank for Reconstruction and Development was established at the international Economic Conference held at Bretton Woods in July 1944. It headquarter is situated in Washington D.C. (U.S.A.). The bank is a specialized agency for international monetary cooperation. The main objective of the bank is to assists in the economic development of the member countries and to help raise the standard of development countries by channelsing financial resources from development countries to developing countries. To assists in the reconstruction and development of less developed countries by facilitating investment for productive purposes. To promote private foreign investment by means of guarantees or participation and investment made by private investors. To promote long term balanced growth of international trade by assisting in raising productivity the standard of living and improving conditions of labor in the developing countries.

Development banks differ from commercial banks in many respects. Commercial banks provide credit for short term. They focus on the working capital needs of trade and industry. On the other hand, development banks provide finance for medium and long term. They focus on the fixed capital needs of industry and trade. They provide fiancé for expansion, diversification and modernization of business firms. Commercial banks are oriented towards security whereas development banks are oriented towards projected. Development banks give preference to development of new entrepreneurs and promotion of balanced regional development. In fact development banks were established because commercial banks and other financial intermediaries could not meet the needs of industry.

Today share market has crossed the down border. This time market has faced on biggest down fall. sensex and nifty has with out stop a goes down. Sensex has broken the minimum level in 2008. Now sensex has run on 900 points. Senesx has broken a January down fall record that time sensex has down 15332.This is second time this year biggest fall. Today business closed time sensex has 770 points and 15400 on level go down and nifty has down 4650 on level and 248 points. Today Bombay stock exchange (BSE) can’t show a high range index. Today Unmovable property has more than 11 percent down and iron index has more than 8 percent.
Today 30 shares sensex in only Hindustan lever shares has increased and down shares list DLF, Reliance energy, Hidalgo, Tata steel, Reliance communication, Bhal, wipro, SBI Reliance and TCS. Today Mumbai share market has closed on sensex 15,357.35 level and 770.63 points down and international shares market has nifty 4,623.60 level and 248.40 points down.

Today Auto, Banking, real property, iron, oil and gas technology purchaser has tried to increase market. They have helped increase to down share. Long time seen a down position market but today market has light good closed. Today sensex 51 points down and nifty 28 points up closed. Today in BSI iron, oil and gas has up to 2 percent and Auto, PSU and technology has light up close but capital goods 4 percent and consistence customers more than 2 percent and FMCG , IT and energy index more than 1 percent . 30 share sensex is L&T, Bhal, Maruti Suzuki shatyam computers, wipro, ICICI bank, HDFC and Hindustan laver heavy fall down. Their are increased share Bharti airtel, Tata steel, Baja Auto, DLF, Reliance communication, SBI, HDFC bank. Mumbai share market sensex is 15,923.72 and 51.80 points down and international share market nifty is 4800.40 and 28.80 points up closed.