Management

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• An act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively

What is Management?

Functions of Management Planning Organizing Leading Controlling

Importance of Management in Fernando Flowers

To achieve main business objective

Properly utilizing resources available

Future development of business

Delivering better quality output

Innovation of products (Technology)

Increasing profit

Minimize the risk factor

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Current Management Challenges/ problems

Lack of Funds and knowledge of finance management. Change Lack of Innovation Employee satisfaction and retention

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What is Leadership

According to the Jack Welch, A good leader or high performance leader is someone who has Energy, can clear a vision and inspire others to perform (Energizes), makes the tough decisions (Edge), has the skill to deliver (Executes), and never fails to deliver the financials.

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Importance of Leadership to FF

Identifying the capability of Employee & Treat Employees first Team work building Inspiring Employees To increase Confidence, Optimism and commitment

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PEST ANALYSIS

PEST analysis refers to all the macro-environmental factors that are necessary for Management. It is an analytical tool which considers external factors and helps you to think their impacts. That is used to identified and analyze the overall picture in a business

Political

Economic Social

Technological

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Application of PEST Analysis to FF

Political FactorsTax policyEmployment lawsEnvironmental regulationsTrade restrictions and tariffs

Economic FactorsEconomic growthInterest ratesExchange ratesInflation rate

Social Factorshealth consciousnesspopulation growth rateage distributioncareer attitudesemphasis on safety

Technological FactorsR&D activityAutomationRate of technological change

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HARMFUL

S W

TO

Strength Weaknesses Opportunities Threats

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Applying SWOT Analysis to Fernando Flowers

Strength Location Customer Service Wide range of flowers

Weakness New to Business Financial stability Proper Shop Knowledge of management

Opportunity Product range Customer Range Technology Use

Threats No. Of competitors Price war Technology Improvement

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PORTER’S FIVE FORCES

Porter's Five Forces model, named after Michael E. Porter,

identifies and analyzes five competitive forces that shape

every industry, and helps determine an industry's

weaknesses and strengths

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Threat of entry If the competition in an industry will be the higher; it is easier for other companies to enter to this industry. In flower planting and selling business competition is high.Bargaining power of buyersThe bargaining power of customers determines how much customers can impose pressure on margins and volumes.Rivalry This force describes the intensity of competition between existing companies in an industryBargaining power of suppliers Supplier bargaining power is likely to be high when the market is dominated by a few large suppliersThreat of Substitute A threat from substitutes exists if there are alternative products with lower prices of better performance parameters for the same purpose

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Thank You