FUNDAMENTAL OF MANAGEMENT

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Submitted by:-

Financial Sector The financial sector is the interaction of markets and all therein, within a regulatory framework. This interaction usually entails lending and borrowing both long and short term. This is accomplished through financial intermediaries (banks and other financial institutions) providing a link between households, firms and governments in transferring funds from savers to borrowers, for consumption and investment purposes. The main functions of the financial sector are: - Mobilization of savings: Financial intermediaries allow individuals to save money in a secure place, which when accumulated is lent to firms and individuals. - Risk management: Financial Intermediaries manage risk by lending to a large number of borrowers. They are able to cover risk and absorb the defaults through interest earned on other loans. - Expert advice: Financial Intermediaries are able to acquire information about competing investment opportunities and relay the information to individuals, reducing their information cost. This also aids in ensuring capital are allocated efficiently and to the right projects. - Monitoring borrowers: Financial intermediaries monitor the performance of firms, individuals and other borrowers.

Proposal Statement 1.To act as financial consultants, management consultants, and provide advice, services, consultancy in various fields, general administrative, secretarial, commercial, financial legal, economic, labour, industrial,

public relations, scientific, technical, direct and indirect taxation and other levies, statistical, accountancy, quality control 2. To manage investment pools, mutual funds, syndicates in shares, stocks, securities, finance and real estate.

SWOT Analysis of Financial Consulting Firm SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. It is a popular analysis technique used in planning, problem-solving and decision-making across an assortment of business functions and activities. While there are various types of consultancy firms, a SWOT analysis can be performed as part of the planning process to analyze a firm's business growth potential. Strengths The strengths of a consultancy firm range from factors such as customer demand to the lack of competition in the external environment. The specific knowledge, capabilities, organizational skills and other qualifications of the professional consultant will be of particular importance in listing the firm's strengths. The key question is what makes the consultant different from other service providers in the market. Weaknesses An honest appraisal of a consulting firm's operations can be conducted using the SWOT analysis' weakness section. List all of the existing weaknesses of the consultancy firm here. As an example, obstacles might relate to limited access to investment capital needed to launch a needed marketing campaign. In-depth market research should be conducted prior to performing a SWOT assessment because it might reveal a declining customer-base or new competition within the target market. Opportunities

Demographic, environmental, political and socioeconomic factors are areas where opportunities might exist for a consultancy business. Also, significant opportunity may exist if the consultancy firm has a strong professional network that can be quickly tapped into in growing a client base. Evaluate benefits in relation to emerging markets, new technology, small business agency support or the availability of capital funding. Time limits associated with opportunities also should be noted in this section.

Threats All of the areas offering opportunities can also pose threats. For example, pending legislation might exist that, if passed, will increase costs related to obtaining special licensing and certification to operate as a consultant. This same legislation might also present an opportunity within the field by its potential to increase the perception of professionalism associated with the specific type of Consultancy Company. As with all of the other SWOT assessment areas, closely evaluate the business objective when determining potential threats. When identifying threats in the business planning stage, the goal is to develop strategies to eliminate or limit the threat.

Planning steps and remises for financial services

1. Registration with Local Authorities Since we are starting a consultancy firm which will guide people on monetary stuff, affiliation with local authorities is very essential. Since we are targeting global audience, we can not name any of the authorities as it defers with places. The bottom line here is that you need to make sure that you are registering your firm with the respective authority. Official affiliation of your firm makes it more potential and credible. Procedure of registration is 2. Decide the Portfolio of Your Services Financial Planning firms have many variants among themselves. One financial planning firm cannot handle all aspects of finance. Every financial planner has his/her own specialties. Decide your area of work and specialties and offer service accordingly. we can offer Personal Finance Planning, Corporate Finance Advisory, SME Finance Planning, Consultancy For

Loans, Investment Planning, Portfolio Management, Internal Auditing, Statutory Audit, Certification, Forward Contracts Advisory, Hedge Fund Advisory, Retirement Planning, Over All Personal Finance Consultancy, Over All Corporate Finance Consultancy etc. We are going to provide services in Investment planning. 3. Rent or Purchase an Office Third logical step of starting your financial consultancy firm is to get an office. You can rent an office or purchase one. Office plays an important role in your business. There are several steps to follow while selecting office place. Here are some steps to guide you along the way: We are planning to get 5room for our office space. Budget for our room rent is Rs 20000per month. Location for our space is next to tidal park in Chennai We need a room for next 2 year. View the floor plan of the renting space you are considering Compare this floor plan to the list of needs you have previously created Weigh the pros and cons of a space you are considering Compare this space to pricing of other similar spaces for rent, but take location into account

4. Create an Informative Website This is a kind of compulsion now days. You need to have a website depicting the services that you provide. Website gives information about your venture to clients who cannot personally contact you. Make sure that your website contains all the information like your services, your work, portfolio, contact page and most importantly, a blog which will include latest updates and some free tips. This will increase user engagement on your website. 5. Make clients: List all your potential clients and your contacts who will be able to send you

client referrals, and formulate a plan for building your book of clients many financial consultants find the best way to attract new clients is to write books, host educational seminars and send out newsletters. This type of marketing creates an image of expertise, which is the most important quality most clients are seeking in a financial consultant. A book always displays a command of the subject, a seminar allows you to hear first-hand what concerns your prospective clients and a newsletter provides your mailing list with a way to easily recommend your services to their friends. 6. Hire Competent People You need to have competent people to handle your day to day functions. Remember, people make a company potential, so be very careful while choosing people for your venture. You can consult some HR agency to get people who meet your needs and requisites. Every person working for you represents your company, so make sure that your company is represented in right way.

Education and qualifications required. The minimum requirement for working in a financial consultant is a bachelor's degree. It is also preferable that you get a master's degree in finance or business administration. Other skills required. In addition to the educational and professional qualifications discussed above, financial consultants should have the following skills as well - communication, analytical and cognitive abilities, a logical thought process, problem resolution, customer service, and in terms of personal qualities, be self-confident, mature, self-starters, creative and innovate in their approach to work. Familiarity with and an interest in financial markets, government policy, global economics, taxation and law is an added advantage. Mission and Vision Statement
Mission

We committed to become most highly valued advisor by demonstrating our unique understanding of their needs and aspirations and exceeding expectations in every interaction and solution we present to our customers. Vision To be recognized as financial and management consulting leader in every market we serve. Core Values 1. Integrity we are honest and ethical in everything we do. 2. Respect We treat each other with respect and dignity; encouraging cooperation and teamwork. 3. Excellence we are passionate about the pursuit of excellence in everything we do. We embrace change as a means to learn and grow.

Organizational Structure
Maintaining a simple structure to share resources and economies of scale.
Our Board consists of:

Non-Executive Chairman Chief Executive Group Finance Director Two Joint Chief Operating Officers Business Development Director Three non-executive Directors We maintain a simple, pragmatic divisional structure to share resources and

economies of scale. Each of our operating divisions consists of a number of businesses and major contracts. The common aim is to deliver service excellence and generate profitable growth through:

Aligning each business with the Group's overall strategy and objectives Investing in service and product development and appropriate sales and marketing activities Maintaining a simple, pragmatic divisional structure to share resources and economies of scale.

Strategic Business Unit

Our Business Consulting Group bases its relationships on the generation of longterm trust. This has turned ever is into a commercial partner for the companies with whom we work. This enables us to apply our solutions all along the course of the value chain. Our Business Consulting Service Unit comprises highlyspecialized areas of business strategy. Each area generates a frame of reference within the market, offering a high value add to our clients through our expert teams. Our offering is characterized by 4 attributes: Sectorization: This addresses the strategic requirements of our clients using our broad range of vertical and business expertise. This includes a significant volume of knowledge on business necessities as well as the relationships that companies maintain with their clients, competitors and suppliers. Specialization: We have a broad range of knowledge on specific business functions and understand how to resolve the business challenges faced by our clients. Executable: In collaboration with our clients, we are committed to the implementation of their strategic business objectives. We base our ability to obtain the desired results on the strength of the relationship with our clients.

Global: We have a broad understanding of our clients overall necessities from a comprehensive point of view in the marketplaces in which our company operates. We also have the capability to resolve specific strategic business requirements. The Business Consulting unit service offering consists of three different types of service: Transformation: we have the capability to explore new areas of opportunity that reach beyond the rendering of conventional services. Strategic: our service offering is focused on the CEO and the Board of Directors and deals with strategic company requirements such as: purchasing, the advent of new business and / or organizational redesign. Business: we have the capability to resolve the problems faced by company business unit and functional directors. We accomplish this by providing these directors with the ability to achieve pre-established goals and thus improve client account results using, for example, new products, sales objectives or churn reductions.