Challenges Faced by Modern Managers of Organisations and Their Solutions

challenges faced by modern film directors of organizations and their solutions privation of jacket wishing of jacket is often the most critical challenge that a successful manager or leader faces as its very success creates this and it quickly establishs a vicious circle. Without very diligent cash prey counsel and/or raising of more capital, including debt, the business often is constrained by capital as it grows.Often the profit in wizard operating calendar method of birth control is insufficient to fund the extra working capital required for the near operating cycle. Many capable managers cannot overcome the obstacles in their businesses cash flow cycle and cannot understand why bankers and other lenders often cannot provide the financial backing as the manager often does not have the security to strengthener the debt. The solution is often easier than most entrepreneurs realize. It often starts with a plan to fascinate what your cash inescapably ar and when you r cash needs arise.Then one is in a position to manage it and focus on the cash management techniques most likely to be successful in his/her business. Lack of management skills Lack of management skills is a problem that is very serious to deal with in most small and medium enterprises as the size of the senior management police squad is necessarily limited. These argonas of weakness could be in finance, human resources, marketing or any ara where the current management does not have the expertise, or the time to deal with the issues.It can be solved by determining the weak areas and then developing a plan for dealing with those challenges. Solutions can be as simple as assigning the responsibility to an existing manager with a requirement to find for the obvious pitfalls, to hiring a person part-time or a consultant. Lack of focus Ignoring risks in their assessment of alternatives and opportunities Lack of a plan ill to plan for issues absorbing the majority of your time Scope changes Insufficient team skills To quote a colleague, Availability is not a skill. Vision and goals are not well-defined Ineffective communication 1. well-ordered promotion Regular promotion in a fixed interval keeping in view consumer taste and preference is a biggest problem. It not only needs an innovative mind and lot of advertisement money but has become a difficult task to cater the needs of so some(prenominal) different type of consumers like some are health assured and needs low fat diet or low sodium diet while other prefers combo offers .Most of them also command that half plate and even quarter plate must be introduce in the menu . So when these promotional offer are launched only the expectations of few consumers are met. 2. Availability of substitute at cheaper expense- other problem is the availability of substitute fast food at cheaper price for instance A fast food shop in a Food court has to compete its competitor who may perhaps has a different food menu to offer but his rates are cheep and the great unwashed my often switch to buy that cheaper product.For instance a steemed odoriferous edible corn corner outlet selles a cup of sweet corn say Rs 20 and it is near by a soup corner outlet and the cost of a soup is less than a cup of sweet corn sy Rs 10. There are chances that most of the people who may have come to have a sweet corn may change their food coice and have a soup in double quantity.