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PRINCIPLES OF MANAGEMENT

PRINCIPLES OF MANAGEMENT. By, Tracy Mary Riya Cherian Denzel Jacob Teslin Ranjan V Libni Mary Jacob Bony S Tharappel Thomas Varghese. MISSION Avenue Aviations has set up innovation centres to come out with the latest and most innovative methodology to achieve it targets. VISION

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PRINCIPLES OF MANAGEMENT

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  1. PRINCIPLES OF MANAGEMENT By, Tracy Mary Riya Cherian Denzel Jacob TeslinRanjanV LibniMary Jacob Bony S Tharappel Thomas Varghese

  2. MISSION • Avenue Aviations has set up innovation centres to come out with the latest and most innovative methodology to achieve it targets. VISION • To be among the top 10 global aerospace serviceproviders by the year 2020.

  3. ABOUT US • Aerospace and Defence Services. • It is a $ 6 Billion company. • Headquarters at Bangalore, India. • Current clients include Bombardier Air, Boeing etc • Total number of employees250

  4. ORGANIZATION CHART Chief Executive Officer (Thomas Varghese) Chief Financial Officer ( TeslinRanjan V. ) Chief Marketing Officer ( Libni Mary Jacob ) Chief of Human Resources ( Bony Tharappel ) Program Manager ( Denzel Jacob ) Delivery Manager ( Tracy Mary ) Delivery Manager ( Riya Cherian )

  5. PROGRAM MANAGER DELIVERY MANAGER DELIVERY MANAGER(NC)

  6. DELIVERY MANAGER(NC) • Team Lead Technical Head • Supervisors • Senior Technical Consultants • Engineers Technicians

  7. DELIVERY MANAGER(DEsign) • Team Lead Technical Head • Supervisors • Senior Technical Consultants • Engineers Technicians

  8. VP HR and Administration • Compensations Head • Training Head Recruitment Head • Asst. Associates • Asst. Associates • Asst. Associates • Asst. Associates • Asst. Associates Asst. Associates

  9. PROCESS OF HUMAN RESOURCE MANAGEMENT

  10. Scope for A&D Service Industries • The top 100 A&D companies set records in 2013, reporting $719 billion in revenue and $66 billion in operating profit. • The scope in the aerospace service industry is currently estimate over $800B for the year 2014-2015.

  11. A survey by Yukon Bureau of Statistics Business Survey, found that 85.2% of employers opt for wage increases to keep employees on while 58.4% opted for a benefits package.   • Creative strategies that go beyond pay and benefits can be employed to attract and retain employees

  12. RETENTION STRATEGIES • Providing a suitable work environment for the employees. • Arranging surprises for employees on their birthday’s, anniversaries etc. • Monthly bonuses and incentives based on their performances. • Direct appreciation from top management for the notable achievements of the employees. • Distributing certificates in recogniton of the employee’s achievement.

  13. CFO Financial Controller Division Manager’s Accounts Payable Manager Payroll Manager Accounts Receivable Manager Accountants Clerks Accountants Clerks Accountants Clerks

  14. Revenue History

  15. Profit

  16. CHIEF MARKETING OFFICER COMMUNITY RELATIONS & MARKETING EXECUTIVE ASSISTANT DIRECTOR International Marketing DIRECTOR Customer Experience DIRECTOR Marketing Sales & Marketing Analyst Partnership Marketing Trade Shows & Events Coordinator Communication Coordinator Public Relations

  17. FINANCIAL MANAGEMENT CYCLE

  18. FINANCIAL CAPACITY

  19. Better Financial Management can be done by • Establishing a viable contingency plan • Ensure that contingency plans are formulated and viable in the event of non- performance by the service provider. • Create cross-functional teams, including internal audit, legal and the business units, to ensure a broad representation of viewpoints and to enhance institution-wide support. • Periodically review, renegotiate and renew the contract. Reset target service levels annually.

  20. Negotiate a written contract that is operationally flexible and that clearly articulates the expectations and responsibilities of both sides. • Financial institutions view outsourcing as a valuable strategic tool that enables them to focus on core competencies by shifting direct operational responsibilities to the service provider and gaining industry expertise. • Digital marketing budget is expected to rise as organizations move more towards digital marketing adoption. Therefore a separate reserve will be provided for it. 

  21. Scope A&D Sector- US$1723B Global A&D Spending

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