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Roles and Responsibilities of a managerial economist

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RajaKrishnan M

Roles and Responsibilities of a managerial economist

Education
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Managerial Economist Dr. NGPASC COIMBATORE | INDIA Dr. N.G.P. ARTS AND SCIENCE COLLEGE (An Autonomous Institution, Affiliated to Bharathiar University, Coimbatore) Approved by Government of Tamil Nadu and Accredited by NAAC with 'A' Grade (2nd Cycle) Dr. N.G.P.- Kalapatti Road, Coimbatore-641048, Tamil Nadu, India Web: www.drngpasc.ac.in | Email: info@drngpasc.ac.in | Phone: +91-422-2369100 RAJAKRISHNAN M Assistant Professor in Commerce CA
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Trade volume • Price trends • National economy • World economy • Business cycle • Demand • New products • Markets 1. Study of the business environment
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Timing • Locating • Specific action • Advices • Top management 2. Business plan and forecasting
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Helps management • Decision making • Internal operations • Price and Investment • Firms growth • Sales budget • Profit budget 3. Study of business operations
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • General intelligence • Supplying • Economic information • To management • Talk intelligently • Conference and seminar 4. Economic intelligence
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Consultants • Functions • Demand forecasting • Industrial market research • Pricing • Problems of industry • Production programmes • Investment analysis • Forecasts 5. Specific functions
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles •Debates •By different agencies •Govt & Society •Advice •Practical experience •Value •Observation •Bridge •Businessman •Industry •Spokesman 6. Participation in Public Debates
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Responsibilities •Uncertainty •Reduced •Scientific forecasts •Business planning 1. Making successful forecasts
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Responsibilities • Contacts • Individuals • Specialists • Different fields • Business quality • Establishing contacts 2. Maintaining relationship
Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Responsibilities • Participation • Decision making • Forward planning • Prepared • Assignments on special projects • Tune with industry thinking 3. Earning full status on the managerial team
11

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Roles and Responsibilities of a managerial economist

  • 1. Managerial Economist Dr. NGPASC COIMBATORE | INDIA Dr. N.G.P. ARTS AND SCIENCE COLLEGE (An Autonomous Institution, Affiliated to Bharathiar University, Coimbatore) Approved by Government of Tamil Nadu and Accredited by NAAC with 'A' Grade (2nd Cycle) Dr. N.G.P.- Kalapatti Road, Coimbatore-641048, Tamil Nadu, India Web: www.drngpasc.ac.in | Email: info@drngpasc.ac.in | Phone: +91-422-2369100 RAJAKRISHNAN M Assistant Professor in Commerce CA
  • 2. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Trade volume • Price trends • National economy • World economy • Business cycle • Demand • New products • Markets 1. Study of the business environment
  • 3. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Timing • Locating • Specific action • Advices • Top management 2. Business plan and forecasting
  • 4. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Helps management • Decision making • Internal operations • Price and Investment • Firms growth • Sales budget • Profit budget 3. Study of business operations
  • 5. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • General intelligence • Supplying • Economic information • To management • Talk intelligently • Conference and seminar 4. Economic intelligence
  • 6. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles • Consultants • Functions • Demand forecasting • Industrial market research • Pricing • Problems of industry • Production programmes • Investment analysis • Forecasts 5. Specific functions
  • 7. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Roles •Debates •By different agencies •Govt & Society •Advice •Practical experience •Value •Observation •Bridge •Businessman •Industry •Spokesman 6. Participation in Public Debates
  • 8. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Responsibilities •Uncertainty •Reduced •Scientific forecasts •Business planning 1. Making successful forecasts
  • 9. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Responsibilities • Contacts • Individuals • Specialists • Different fields • Business quality • Establishing contacts 2. Maintaining relationship
  • 10. Dr. NGPASC COIMBATORE | INDIA Managerial Economist - Responsibilities • Participation • Decision making • Forward planning • Prepared • Assignments on special projects • Tune with industry thinking 3. Earning full status on the managerial team
  • 11. 11