SHORT-TERM MANAGEMENT AND
ITS RISKS,
BY,
PRATIMA DESHPANDE (22145)
What Does Shot-term Management Mean ?
USA ANYTHING LESS THAN A YEAR OUT.
Phone Etiquette -Any type of planning/management/investment,
Americans are direct and straightforward with phone negotiations, there’s usually little subtext, and ‘yes’,
‘no’ and ‘maybe’ done within
mean exactly that.a company to yield results under a
Business Etiquetteweek or a month or a year.
While business meetings are informal, punctuality and deadlines should be strictly adhered to. Personal
relationships aren’t important, the best deal or the best price will almost always win the day.
-Managers devise different strategies on how to
improve a particular aspect within the organisation
in the short-term to meet the long-term goals of
that organisation.
What Does Shot-term Management Mean ?
USA Human resource point of view
Phone Etiquette
Americans are direct and straightforward with phone negotiations, there’s usually little subtext, and ‘yes’,
‘no’ and ‘maybe’ -Usually
mean exactlydone
that. to define and improve the skills of
Business Etiquetteworkforce.
While business meetings are informal, punctuality and deadlines should be strictly adhered to. Personal
relationships aren’t important, the best deal or the best price will almost always win the day.
-To meet the present goals, in a faster way.
-focuses more on daily routines, attention to
details, concepts like cash-flow, saving of capital,
investments etc.
What Does Shot-term Management Mean ?
Financial planning point of view
USA
Phone Etiquette -short-term investments, short-term returns,
Americans are direct and straightforward with phone negotiations, there’s usually little subtext, and ‘yes’,
‘no’ and ‘maybe’ low
meanrisks
exactlytaken.
that.
Business Etiquette
While business meetings
-cautious are informal, punctuality and
and impatient deadlines of
behavior should be strictly adhered to. Personal
investors,
relationships aren’t important, the best deal or the best price will almost always win the day.
startups and markets.
Risk involved :
• Short-term management and long-term development.
•Short-term plan that only runs in the present time.
•Do not support a sustainable development of The local economy.
• Short-term managed companies face the risk of more unstable
income and a vaguely estimated moment of success and growth.
Risks can be overcome by
SMART :
• S- specific goals
• M- measurable goals.
• A- achievable goals.
• R- relevant goals.
• T- time based goals.