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The process of gathering information that summarizes the financial position of the organization through calculation of ratios based on various financial measures.

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ratio analysis of financial statements in hindi| liquidity ratios| solvency ratios| leverage ratio

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Stages in cost control
Establishing standard or planned cost amounts, measuring actual costs incurred, comparing planned costs to incurred costs, and making changes to reduce actual costs to planned costs when necessary.

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1.Determing information
2. Determining and gathering appropriate data
3. Summarizing data
4.Analyzing data
5.Transmitting information
6. Using the information

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The ability to use information and technology to ensure that an event occurs as it was planned to occur.

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Alderfer's ERG Theory
1.Existence needs- the needs for physical well-being
2.Relateness need- the need for satisfying interpersonal relationships
3.Growth need- the need for continuing personal growth and development.

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The ability to create organizational situations in which individuals performing organizational activities are simultaneously satisfying personal needs and helping the organization attain its goals

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The Five levels of leadership
1. Highly Capable individual
2.Contributing Team member
3.Competent Manager
4.Effective Leader
5.Executive

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The ability to direct the behavior of others towards the accomplishment of objectives

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Influencing thus involves focusing on organization members as people and dealing with such issues as morale, arbitration of conflicts, and developing a good work relationship.

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The ability to take actions that increase the contributions of individuals within the organization.

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The outside sources of organization
Competitors, Employment agencies, Readers of certain publications and educational institutions.

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The ability to manage a collection of people so that they influence one another towards the accomplishment of an organizational objectives.