Namun, jantina bukan penyebab utama lahirnya pemimpin yang baik.

Masing-masing boleh mempelajari antara satu sama lain.

• Menjadi lebih cekap, mahir dan produktif apabila mengendalikan urusan operasi pergerakan stok serta keselamatan rumah stor.
• Dapat mengamalkan nilai-nilai penjimatan kos dan peningkatan keuntungan melalui usaha-usaha mengurangkan pembaziran dan kawalan yang lebih sistematik, cekap dan berkesan
• Menyedari akan pentingnya tanggungjawab dan sumbangan pihak bekalan dan stor sebagai khidmat sokongan dalam menjamin keberterusan segala urusan pentadbiran dan operasi harian organisasi.

• Strong sense of purpose: Profits may be important,but they are not the primary values of the organisations. People want to be inspired by a purpose they believe is important and worthwhile.
• Trust and respect: Mutual trust, honesty and openness. Managers are not afraid to admit mistakes.
• Humanistic work practices : Flexible work schedules, employee, job security
• Toleration of employee expression: Employee expression are not stifled. The allow people to be themselves – to express their moods and feelings without guilt or fear of reprimand.

• To understand general concepts of Administration
• To enhance the office staff’s ability to manage and organize office effectively and professionally
• File in the proper way and filing standard
• Develop an appropriate office management strategy
• Develop an appropriate assets management strategy
• Able to develop administrative procedures
• Able to plan and control administrative budget

Financial management of your small business encompasses more than keeping an accurate set of books and balancing your business checking account. You must manage your finances so you don’t overspend and so you remain prepared for all expenditures, as well as profit distributions. Your financial management responsibilities affect all aspects of your business. A company that sells well but has poor financial management can fail.



Importance of corporate finance are:-

• Research and Development : A company cannot survive without continuous research and development. The company has to go on making changes in its old products. It must also invent new products. If not, it will be get automatically thrown out of the market

• Motivating Employees : Employees must be given financial incentives, such as bonus, higher salaries, etc. They must also be given non-financial incentives such as transport facilities, canteen facilities (eatery), etc.

• Expansion and Diversification : Expansion means to increase the size of the company. Diversification means to produce and sell new products. Modern machines and modern techniques are needed for expansion and diversification. Finance is needed for purchasing modern machines and modem technology. 

• Dividend and Interest : Finance is needed to pay dividends and interest.

• Replacement of Assets : Plant and Machinery are the main assets of the company. They are used for producing goods and services. However, after some years, these assets become old and outdated. They have to be replaced by new assets. 

If you want to succeed in business, you need to know about financial management. No matter how skilled you are at creating a product, providing a service, or marketing your wares, the money you earn will slip between your fingers if you don't know how to efficiently collect it, keep track of it, save it and spend or invest it wisely.

Poor financial management is one of the leading reasons that businesses fail. In many cases, failure could have been avoided if the owners had applied sound financial principles to all their dealings and decisions. Financial management is not something that you can leave to your banker, financial planner or accountant—you need to understand the basic principles yourself and use them on a daily basis, even if you plan to leave the more complicated work to hired professionals.

To succeed in business, one of your most important tools is financial analysis, based on your business records. Accurate financial records will help you answer some very important questions, such as:


Importance of Good Records

• Monitoring the success or failure of your business. It's hard to know how your business is doing without a clear financial picture. 

• Providing the information you need to make decisions. Evaluating the financial consequences should be a part of every business decision you make. Without accurate records and financial information, it may be hard for you to know the financial impact of a given course of action.

• Obtaining bank financing. A banker will usually want to see financial statements: a balance sheet, income statement, and cash flow budget for the most current and prior years, as well as your projected statements showing the impact of the requested loan. A banker may even want to see some of your bookkeeping procedures and documents to verify whether you run your business in a sound, professional manner

• Obtaining other sources of capital. If your business has reached the point where you need to take in a partner, any prospective partner will want to become intimately familiar with your financial picture. If you need capital and are thinking of taking in an outside investor, you will need to produce a lot of financial information. Even your suppliers and other creditors may ask to see certain financial records. Such information may be produced by your outside accountant, but it is based on your day-to-day recordkeeping.

• Budgeting. All businesses should use a budget for planning purposes. A budget will help keep your business on track by forecasting your cash needs and helping you control expenditures. In addition, if you are seeking bank financing or other sources of capital, a banker or prospective investor will probably want to see your budget as evidence that your business is well-planned and stable. You must have solid financial information to prepare a meaningful budget.

• Preparing your income tax return. Whether your business is a sole proprietorship, partnership, or corporation, you must file an income tax return and pay income taxes. With good records, preparing an accurate tax return will be easier and you're more likely to be able to do it on time. Poor records may result in your underpaying or overpaying your taxes and/or filing late (and paying penalties). If your accountant prepares your income tax return, poor records will almost certainly result in your paying higher accounting fees. If your business is a partnership, not only will you have to prepare a partnership tax return, but partnership return amounts will pass directly to the tax return of each partner. So your recordkeeping will directly affect the tax return of each partner.

• Complying with federal and state payroll tax rules. If you have employees, you are aware of the myriad rules and regulations relating to payroll taxes. Payroll tax deposits must be made according to strict deadlines. Late payment of payroll taxes results in severe, and unnecessary, penalties. Also, you must file a payroll tax return every quarter, which you must reconcile with the payroll deposits made during the quarter. Then at the end of the year, you are required to give your employees and the government W-2 forms, which must agree with your quarterly payroll returns. Sound bookkeeping practices will make compliance with all these payroll rules easy. Poor records will make it impossible.

• Submitting sales taxes. If you collect sales tax from your customers, good records will make it easy for you to compute the tax due and prepare the required reports.

• Distributing profits. If your business is a partnership, you will need good records to determine the correct amount of profits to distribute to each partner. If you are operating as a corporation, you must determine the company profits that you will be paying out as dividends to the shareholders.

A Fully Functional Procurement Process Can Lead to Greater Efficiency and Preparedness

Improving the Procurement Process

• Identify the history development of Lean.
• Distinguish the characteristics from old management.
• Recognize the eight major of wastes in an organisations.
• Recognise the activities of (Rapid Improvements Events (RIE) (Kaizen) and its team.
• Recognise process flow improvements with pull system methodology.
• Mapping method and in identifying value creations elements and improvements in the process.
• To request brochure kindly email: hidayah.o@comfori.com