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Report on Management and Running

   

Added on  2020-06-04

10 Pages4432 Words45 Views
MANAGEMENTAND RUNNING SME

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1............................................................................................................................................1M1...........................................................................................................................................2M2...........................................................................................................................................3D1...........................................................................................................................................3TASK 2............................................................................................................................................3P2............................................................................................................................................3M4...........................................................................................................................................6D2...........................................................................................................................................6TASK 3............................................................................................................................................6P4............................................................................................................................................6P5............................................................................................................................................9P6..........................................................................................................................................10M5.........................................................................................................................................11D3.........................................................................................................................................11TASK 4..........................................................................................................................................12P7..........................................................................................................................................12M6.........................................................................................................................................12D4.........................................................................................................................................13CONCLUSION..............................................................................................................................13REFERENCE.................................................................................................................................14

INTRODUCTIONThere are range of policies and plans that are utilised to manage the variety of functions and operation of any enterprises (Alrawi, Alrawiand Alrawi, 2015). SME is the types of small and medium business group of company which always implement new and advance technology inorder to explore its business in part of world. As per international report it has been assumed that there are various number of small and mediumorganisation are performing their business activities in UK. They have very tight competition between them. Rowlinson Knitwear is the smalland medium company which deals to produce different variety of clothes for students and corporate officials working in various organisation.This report explains about the various methods and process which are used to perform various kind of operations of enterprise in an effectiveway. It also describes about the statement related to cash flow, Break even Analysis and financial distribution of funds with in organisation. TASK 1P1The management of organisation needs to concentrate on to improve the worth of diverse clothes that is given to the school goingchildren and corporate officials. Rowlinson Knitwear is the organisation which sells various design of clothes to the various students who aregoing to schools and corporate officials who are performing their work at different corporate office so it needs to provide those dresses atreasonable price which helps the company to maximising its level of profit of company in appropriate way. It leads to attract great amount ofcustomer in the marketplace (Chaudron, 2016).People and skills: In order to develop the abilities and knowledge of work force working in the enterprise human resource departmentplays a significant role. This department is the backbone of any company. It determines the different types of necessity and requirement whichare ascertain by employee to produce good quality of cloths for their loyal customer. The HR manager of Rowlinson Knitwear have capability toregulate their as per their capabilities in order to complete different types of task assigned by company in stipulated time period. Manager hastocarry out learning programs for employee to enhance abilities and information of work forceperforming their duty in a particular commercialenterprise. Vision, goals and objectives: The management needs to determine the condition of market before starting its business (Del Giudice andStraub, 2011). The vision of company needs to explains to thestaff membershow operations are to be perform in the organisation in order tomaximise its profit level. This leads to maintenance of efficiency to perform different types of activities of organisation in proper manner. If theorganisation attain growth it leads to boost the morale of employee working in organisation in proper manner. It further assists to achieve settargets of an enterprise in most appropriate manner. By defining the vision to their employee it aids to perform different function and operationof company can accomplish in stipulated time period. The manager of organisation needs to monitor the performance of employee and alsoaccomplish different types of needs and want which is necessary to perform various variety of operation in appropriate way. There are variousroles and duty needs to define by employee in order to perform various activities in a systematic manner. Financial resource: This is considered as the most important part of company. Every activities of company are based on this partbecause it allocates different resource in order to collect funds which aid to perform different type of function in a desirable way. Themanagement of an enterprise need to analyses about the financial position of organisation in order to perform different types of function ineffective manner. This contain like cash flow statement, Balance sheet, P&L account a many other assets. The manager has to take required levelof efforts in order to carry out various task of organisation in proper manner. Lastly it assists in influencing the choice of customers to a greatextent (Doenig and et. al., 2013). M1In order to allocate various resource and implement effective plan in order to carry out divers tasks and projects of the enterprise. Themanagement needs to consider two types of project management techniques which are describe below: Gantt chart: This is the tool which is used to determine the number of products which are required to accomplish the needs and wants ofdifferent users to the maximum capacity (Elad and Keren, 2013). This leads to accomplish aims and objective of establishment in a suitable way.This tools aid to produce various good amount of products in order to satisfy needs ad want of customer in effective way. The employee ofestablishment needs to provide different kind of products as per the timeline provided by the customer in proper manner. This assist ininfluencing a great amount of customer in proper manner. A range of strategies and policies which are implemented by the organisation in orderto perform various task in proper manner. Critical path analysis: This technique is considered as the most essential techniques which aid the organisation in order to assign diversevarieties of resource to do diverse kinds of operation of organisation. By this tool organisation can the determine the future perspective ofbusiness in proper manner. This is reason to occurrence of deviation in business in a systematic manner. 1

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