accounting 1st asinment

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Definition

An individual who is in charge of a certain group oftasks, or a certain subset of a company. A

manager often has a staffof people who report to him or her. As an example, a restaurant will often

have a front-of-house manager who helps the patrons, and supervises the hosts. In addition, a

specific officeproject can have a manager, known simply as theproject manager. Certain

departments within a company designate their managers to be line managers, while others are

known as staff managers, depending upon the functionality of the department.

A General Manager has broad, overall responsibility for a business or organization. Whereas a

manager may be responsible for one functional area, the General Manager is responsible for all

areas. Most commonly, the term general manager refers to any executive who has overall

responsibility for managing both the revenue and cost elements of a company's income statement.

This is often referred to as Profit & Loss (P&L) responsibility. This means that a general manager

usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day

operations of the business. Frequently, the general manager is also responsible for leading or

coordinating the strategic planning functions of the company.

In many cases, the general manager of a business is given a different formal title or titles. Most

corporate managers holding the titles ofChief Executive Officer(CEO) orPresident, for example,

are the general managers of their respective businesses. More rarely, the Chief Financial Officer

(CFO), Chief Operating Officer(COO), orChief Marketing Officer(CMO) will act as the generalmanager of the business. Depending on the company, individuals with the title Managing Director,

Regional Vice President, Country Manager, Product Manager, Branch Manager or Segment

Manager may also have general management responsibilities.

In consumer products companies, general managers are often given the title Brand Manageror

Category Manager. Inprofessional services firms, the general manager may hold titles such asManaging Partner, Senior Partner, or Managing Director.

In non-profit enterprises, the general manager is often given the title Executive Director.

Job of a manageris to lead the teamto formulate new policies to increase the salesto keep up the co-ordination of the subordinatesto motivate employees to give their best which increases the

efficiency level

to utilise the man power in such a way that it would give optimumreturn to

the company.

Management in all business and human organization activity is simply the act of getting people

together to accomplish desired goals and objectives. Management comprisesplanning, organizing,

staffing, leading or directing, facilitating and controlling or manipulating an organization (a group

of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing

encompasses the deployment and manipulation ofhuman resources, financial resources,

technological resources, and natural resources.
http://www.businessdictionary.com/definition/individual.htmlhttp://www.businessdictionary.com/definition/charge.htmlhttp://www.businessdictionary.com/definition/group.htmlhttp://www.businessdictionary.com/definition/task.htmlhttp://www.businessdictionary.com/definition/company.htmlhttp://www.businessdictionary.com/definition/staff.htmlhttp://www.businessdictionary.com/definition/report.htmlhttp://www.businessdictionary.com/definition/addition.htmlhttp://www.businessdictionary.com/definition/office.htmlhttp://www.businessdictionary.com/definition/project.htmlhttp://www.businessdictionary.com/definition/project-manager.htmlhttp://www.businessdictionary.com/definition/department.htmlhttp://www.businessdictionary.com/definition/line-manager.htmlhttp://www.businessdictionary.com/definition/staff-manager.htmlhttp://en.wikipedia.org/wiki/Revenuehttp://en.wikipedia.org/wiki/Costhttp://en.wikipedia.org/wiki/Income_statementhttp://en.wikipedia.org/wiki/Marketinghttp://en.wikipedia.org/wiki/Saleshttp://en.wikipedia.org/wiki/Business_operationshttp://en.wikipedia.org/wiki/Strategic_planninghttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Presidenthttp://en.wikipedia.org/wiki/Chief_Financial_Officerhttp://en.wikipedia.org/wiki/Chief_Operating_Officerhttp://en.wikipedia.org/wiki/Chief_Marketing_Officerhttp://en.wikipedia.org/wiki/Consumer_productshttp://en.wikipedia.org/wiki/Brand_managerhttp://en.wikipedia.org/wiki/Professional_serviceshttp://en.wikipedia.org/wiki/Non-profithttp://en.wikipedia.org/wiki/Planninghttp://en.wikipedia.org/wiki/Organizinghttp://en.wikipedia.org/wiki/Staffinghttp://en.wikipedia.org/wiki/Leadershiphttp://en.wikipedia.org/wiki/Control_(management)http://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Human_resourceshttp://en.wikipedia.org/wiki/Financialhttp://en.wikipedia.org/wiki/Technologicalhttp://en.wikipedia.org/wiki/Natural_resourceshttp://www.businessdictionary.com/definition/individual.htmlhttp://www.businessdictionary.com/definition/charge.htmlhttp://www.businessdictionary.com/definition/group.htmlhttp://www.businessdictionary.com/definition/task.htmlhttp://www.businessdictionary.com/definition/company.htmlhttp://www.businessdictionary.com/definition/staff.htmlhttp://www.businessdictionary.com/definition/report.htmlhttp://www.businessdictionary.com/definition/addition.htmlhttp://www.businessdictionary.com/definition/office.htmlhttp://www.businessdictionary.com/definition/project.htmlhttp://www.businessdictionary.com/definition/project-manager.htmlhttp://www.businessdictionary.com/definition/department.htmlhttp://www.businessdictionary.com/definition/line-manager.htmlhttp://www.businessdictionary.com/definition/staff-manager.htmlhttp://en.wikipedia.org/wiki/Revenuehttp://en.wikipedia.org/wiki/Costhttp://en.wikipedia.org/wiki/Income_statementhttp://en.wikipedia.org/wiki/Marketinghttp://en.wikipedia.org/wiki/Saleshttp://en.wikipedia.org/wiki/Business_operationshttp://en.wikipedia.org/wiki/Strategic_planninghttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Presidenthttp://en.wikipedia.org/wiki/Chief_Financial_Officerhttp://en.wikipedia.org/wiki/Chief_Operating_Officerhttp://en.wikipedia.org/wiki/Chief_Marketing_Officerhttp://en.wikipedia.org/wiki/Consumer_productshttp://en.wikipedia.org/wiki/Brand_managerhttp://en.wikipedia.org/wiki/Professional_serviceshttp://en.wikipedia.org/wiki/Non-profithttp://en.wikipedia.org/wiki/Planninghttp://en.wikipedia.org/wiki/Organizinghttp://en.wikipedia.org/wiki/Staffinghttp://en.wikipedia.org/wiki/Leadershiphttp://en.wikipedia.org/wiki/Control_(management)http://en.wikipedia.org/wiki/Organizationhttp://en.wikipedia.org/wiki/Human_resourceshttp://en.wikipedia.org/wiki/Financialhttp://en.wikipedia.org/wiki/Technologicalhttp://en.wikipedia.org/wiki/Natural_resources


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Management can also refer to the person or people who perform the act(s) of management

An organization (ororganisation see spelling differences) is a social arrangement which

pursues collective goals, which controls its own performance, and which has a boundary separating

it from its environment. The word itself is derived from the Greek word (organon [itself

derived from the better-known word ergon - work; deed - > ergonomics, etc]) meaning tool.

In the social sciences, organizations are studied by researchers from several disciplines, the mostcommon of which are sociology, economics,political science,psychology, management, and

organizational communication. The broad area is commonly referred to as organizational studies,

organizational behavioror organization analysis. Therefore, a number of different theories and

perspectives exist, some of which are compatible, and others that are competing.

Organization process-related: an entity is being (re-)organized (organization as task oraction).

Organization functional: organization as a function of how entities like businesses or state

authorities are used (organization as a permanent structure).

Organization institutional: an entity is an organization (organization as an actual purposefulstructure within a social context)

What Types Of Organization Are There?

December 1, 2006 by Adam

Filed underBusiness

5 Comments

As entrepreneurs, many of us will or already have started up a business. Like me, this businesscould be a number of relatively small internet sites or it could range to a full-fledged retail outlet.

Either way there are different organisations which you can choose to take the form of which may

help or hinder your pathway to success.

The following four types of organisation are relevant to businesses in the UK, but if anyone can

give me information on different types in the USA or Australia I would be happy to post them up.

1) Sole Trader - this is simply someone who owns his/her own business. As I said I would class

myself as a sole trader blogger and internet entrepreneur. This title is pretty loose and more

importantly there is no legal distinction between the owner and the business. But the owner can usea trading name instead of his own.

2) Partnership - a partnership is formed when a business is setup from between 2 to 20 people.

These partners will have a legal agreement drafted up for them specifying rights and duties.

However still, there is no legal distinction between the owners and the business.

Partners can be a tricky situation to deal with. Many people have forged great partnerships together

but family partnerships can end up disastrous. Read Entrepreneur.coms Article on 10 Tips for

Working With Family Members for more.
http://en.wikipedia.org/wiki/American_and_British_English_spelling_differences#-ise.2C_-izehttp://en.wikipedia.org/w/index.php?title=Social_arrangement&action=edit&redlink=1http://en.wikipedia.org/wiki/Sociologyhttp://en.wikipedia.org/wiki/Economicshttp://en.wikipedia.org/wiki/Political_sciencehttp://en.wikipedia.org/wiki/Psychologyhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Organizational_communicationhttp://en.wikipedia.org/wiki/Organizational_studieshttp://en.wikipedia.org/wiki/Organizational_behaviorhttp://en.wikipedia.org/wiki/Institutionhttp://www.blogtrepreneur.com/author/admin/http://www.blogtrepreneur.com/category/business/http://www.blogtrepreneur.com/2006/12/01/what-types-of-organisation-are-there/#respondhttp://www.entrepreneur.com/http://www.entrepreneur.com/humanresources/employeemanagementcolumnistdavidjavitch/article159446.htmlhttp://www.entrepreneur.com/humanresources/employeemanagementcolumnistdavidjavitch/article159446.htmlhttp://en.wikipedia.org/wiki/American_and_British_English_spelling_differences#-ise.2C_-izehttp://en.wikipedia.org/w/index.php?title=Social_arrangement&action=edit&redlink=1http://en.wikipedia.org/wiki/Sociologyhttp://en.wikipedia.org/wiki/Economicshttp://en.wikipedia.org/wiki/Political_sciencehttp://en.wikipedia.org/wiki/Psychologyhttp://en.wikipedia.org/wiki/Managementhttp://en.wikipedia.org/wiki/Organizational_communicationhttp://en.wikipedia.org/wiki/Organizational_studieshttp://en.wikipedia.org/wiki/Organizational_behaviorhttp://en.wikipedia.org/wiki/Institutionhttp://www.blogtrepreneur.com/author/admin/http://www.blogtrepreneur.com/category/business/http://www.blogtrepreneur.com/2006/12/01/what-types-of-organisation-are-there/#respondhttp://www.entrepreneur.com/http://www.entrepreneur.com/humanresources/employeemanagementcolumnistdavidjavitch/article159446.htmlhttp://www.entrepreneur.com/humanresources/employeemanagementcolumnistdavidjavitch/article159446.html


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3) Private Limited Company (Ltd.) - if youre in the UK you may have seen a lot of these around,

maybe on the high-street or maybe an internet based e-commerce company. These businesses are

registered with Companies House and have between 1 and 50 shareholders. These shareholders may

be family or friends and you get to have the Limited word in your company name.

The actual definition behind the terminology is that the liability of the company is limited to the

capital (shares) invested. The shares however cannot be traded on the stock exchange. If the

company were to go bankrupt however, the owner would not be personally liable for debts incurred.

4) Public Limited Company (plc) - This is a company where shares must be available to the

general public through the Stock Exchange, and this therefore means that the PLC needs a Stock

Exchange Listing. The process for obtaining one of these involves a costly process which may also

take a long time. There are certain requirements for having a PLC too; there must be:

at least 50,000-worth (Republic of Ireland: 38,092.14) of share capital of which at least

25% must have been paid for.

two shareholders

two directors, one of whom may also be the company secretary a certificate of entitlement (the trading certificate) to do business and borrow capital
http://www.companieshouse.gov.uk/index.shtmlhttp://www.companieshouse.gov.uk/index.shtml

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