One of key essential abilities of being a manager is the ability to steer your team. Let’s have a look now on the liquidity risk of Landsbanki at that time. Policies, procedures, and different items like job descriptions, organizational charts and supervisory standards, don’t, after all, exist just for inner management functions. These activities are basic management practices.
Whether the system is a corporation, division, business, project, and many others., the process of planning includes planners working backwards by way of the system. They begin from the outcomes (outcomes and outputs) they like and work backwards by the system to determine the processes needed to supply the results. Then they establish what inputs (or assets) are needed to carry out the processes.