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Depending on the area of the world a Managing Director (MD) is the equivalent of the Chief Executive Officer or President. The former responsibilities encompass strategic decisions, ie the direction of the company, the big picture. As the latter they would be focused on the tactics, ie the day to day operations.
In either case the ability to understand company financials, manage people, general business acumen and the ability to make decisions are crucial skills.
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What skills does a managing director need?
Stategic management skills , influencing skills , financial awareness and deep knowlege of their specific industry or profession.
What are the duties of a deputy managing director?
The Deputy Managing Director reports directly to the Managing Director and is empowered by the Managing Director to manage the day-to-day overall operational activities. The Deputy Managing Director ensures cost control activities; monitors revenues and expenditures in assigned area to assure sound financial control; assures effective and efficient use of budgeted funds, materials, facilities and time.
Difference between a chairman and managing director?
Chairman is a head of a group of company's. but the Managing director is a head of a single organisation.
What is the full form of cmd?
1. Chief Managing Director 2. Chairman & Managing Director 3. Command (in computers)
Difference between Managing director and Whole Time Director?
Managing Director means a director who by virtue of an agreement with the company or of a resolution passed by the company in general meeting or by its Board of Directors or by virtue of its memorandum or articles of association is entrusted with substantial powers of management which would not otherwise be exercisable by him. It includes a director occupying the position of managing director by whatever name called. Whole time director includes a director in the whole time employment of the company. A person who does not devote substantially the whole of his time to the company is not a whole time director. A whole time director is virtually a managing director though not so designated. A director in charge is also in the same position as a managing director. It has been held that a Managing director is a part of the company's Board of directors and not a servant of the company.
