Change Management and the process of Change Management

Definition of Change Management:

Change Management describes various studies in various ways. From the view point of consumers Moran and Brightman (2001) who is a famous researcher stated that the changing of organizational trend, hierarchy, and capabilities is an ongoing process. The changing is allowed by the management in order to meet the both external and internal consumer’s demands because the demand of the consumers is changing day by day.  In contrast Certo and Certo (2009) described that in order to achieving the organizational goal the organization changes its policy for enhancing its efficiency. Now-days it becomes a general matter for every organization to change its structure in order to adopting the existing condition for surviving in the competitive market.   

Tips for Public Speaking and Presentation Skill

1) Speak like an Actor: at the time of presenting before of audiences, you should think and perform like a player. It is very important How the audience perceiving you. You should dress yourself properly for the presentation. Act formally if your presentation topic is solemn. You should present the required illustration in front of the audience. You should be nice, proud passionate, confident but not obviously overconfident. You must keep calm. You Appearance should be stress-free, although you are tense. You have Speak at a snail's pace, pronunciation must be clear, and show proper emotion and sentiment when describing your presentation topic.

Role of Financial Manager in achieving the goal of a firm

Role of Financial Manager

The personnel who is responsible to take decision regarding with financial activities of a firm is considered as a financial manager. There is no doubt about the importance of a financial manager. Financial planning is considered as the most crucial task of financial manager. Financial planning refers to determine the required amount of fund as well as to identify the disbursement sectors. After completing the financial planning, Financial Manager needs to identify the sources from where the required fund will be collected. There are two sources; external sources and internal sources. External source refers to borrow funds from banks or other financial institutions. On the other hand internal source refers personal fund or capital, retained earnings etc. Usually newborn firm uses internal sources for financing their projects as to get fund form external sources is easier for established firms. Financial manager needs to be more caution at the time of collecting required fund to maintain optimum capital structure as it helps the firm to keep its share price high. Optimum capital structure refers the desired ratio of loan and equity. Financial manager is also liable to invest the fund in profitable sector.