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Business Plan Forms of Ownership

Planning is very much essential tool. Employee come to know about Goals and Objectives of organization. It is a continuous process. Planning follows a pattern. The procedure you would follow in planning your life and career is basically the same as that used by businesses for their plans. It can be used as business plan forms for ownership.

Business Plan Forms for Developer

There are four forms of planning which includes:

STRATEGIC PLANNING:

Determines major goals of organization. It provides a foundation for policies, procedures and strategies for obtaining and using resources to achieve those goals. In today’s rapidly changing world, strategic lancing is becoming more difficult because changes are occurring so fast that plans. Some companies are making short term plans that allow for quick responses to customer needs and requests.

TACTICAL PLANNING:

Is a process of developing detailed short-term statements about what is to be done, who is to do it, and how it is to be done. Tactical planning s normally done by managers at lower level. It may involves annual budgets,deciding other details and activities necessary to meet objectives.

OPERATIONAL PLANNING:

Process of setting work standards and schedules necessary to implement that company’s tactical objectives. It focuses on specific supervisors, managers and individual employees. It is department manager’s tool for daily and weekly operation.

CONTINGENCY PLANNING:

Process of preparing alternatives courses of actions that may be used if primary plans don’t achieve the organization’s objectives. The economic and competitive environment changes so rapidly that it’s wise to have alternative plans of action ready in anticipation of such changes.

Planning is a key management function. Instead of making plans leaders of market based companies, set directions. The idea is to stay flexible and seize opportunities when they come. Clearly, much of management and planning involves decision making.

Planning of Business Management

It is to empower employees to satisfy customer. Business Management means to plan such techniques through which you can maintain a healthy work environment. You have to handle the whole organization as its a part of your responsibility. There are four functions, Planning, Leading, Organizing and Controlling, are heart of management.

Planning  Function of Business Management

PLANNING:

It is the first managerial function, involves setting the organizational vision, goals and objectives. Executives rate planning as the most valuable tool in their workbench. 80% of respondents to a managerial survey said they used it. It involves the creation of a vision for the organization. Usually employee work with managers to design a mission statement, which is an outline for organizational purposes. A meaningful statement should address:

The organization’s self concept.
Company philosophy and goals.
Long term survival.
Customer’s needs.
Social responsibility.

Planning involves following things:

1. Setting organizational goals.
2. Developing strategies to reach those goals.
3. Determining resources needed.
4. Setting precise standards.

LEADING:

The second step is leading towards your goals, what are the tactics that can help you to lead., means creating a vision for organization and communicating, guiding, training, coaching and motivating others to do work effectively.It is necessary to keep employees focused on the right task at the right time. One key to success is for workers to trust the decision making skills of their boss.
It involves:

1. Guiding and motivating employees to work effectively to accomplish      organizational goals and objectives.
2. Giving assignments.
3. Explaining routines.
4. Clarifying policies.
5. Providing feedback.

CONTROLLING:

Establishing clear standards to determine whether an organization is progressing towards it’s goals and objectives, rewarding prole for doing a good job, and taking corrective actions if the aren’t. It means measuring whether what actually occurs meets the organization’s goals. It involves:

1. Measuring results against corporate objectives.
2. Monitoring performance relative to standards.
3. Rewarding outstanding performance.
4. Taking corrective actions.

ORGANIZING:

Means allocating resources, assigning tasks and establishing procedures for accomplishing the organizational objectives. An Organizational Chart is a visual device that shows relationship among people and divide ether work. It shows who is accountable for completion of specific work and who will report to whom. It includes:

1. Allocating resources, assigning tasks, establishing procedures.
2. Preparing a structure showing lines of authority and responsibility.
3. Recruiting, selecting, training and developing employees.
4. Placing employees where they’ll be more effective.

These are the major keys of good business plan

  • Analyse the external environment
  • Analyse the internal environment
  • Define the business and mission
  • Set corporate objectives
  • Formulate strategies
  • Make tactical plans
  • Build in procedures for monitoring and controlling
Having determined the current position, the next step is to determine the direction of the business – by answering the question “where are we going”?  The outputs from asking this question are:
  • Vision: the non-specific directional and motivational guidance for the entire business. What will the business be like in five years time?
  • Mission: A statement of the business’s reason for being. The mission statement is concerned with the scope of the business and what distinguishes it from similar businesses.
  • Objectives: Smart objectives set out what the business aims to achieve.
  • Goals: specific statements of anticipated results.

Conclusion:

Effective business planning has to begin with an honest and realistic appraisal of the current position of the business.  The formal term for this is “situational analysis” and there are several planning tools and methods which are helpful in putting the analysis together. The true purpose of situational analysis is to determine which opportunities to pursue:
  • PEST / PESTLE analysis:  identify and analyse trends in the environment
  • Competitor analysis: understand and, if possible, predict the behavior of competitors
  • Audit of internal resources
  • SWOT analysis: build on strengths; resolve weaknesses; exploit opportunities; confront threats.

What are the Seven Steps in the Decision Making Process

Decision making is choosing among two alternatives. It’s the heart of all the management. Decision making is very important phenomenon and one have to be very much conscious as well as some tricky steps must be taken. One decision have the capability to make or break anything. Making any decision is the most sensitive issue, and the whole responsibility lies upon the person. One have to be very much careful and while taking any decision, specially related to business or marketing you have to keep your eyes open. In orientation stage people or member meet for the first time and start to get to know each other and after some time their thinking has changed totally, some are think positive and some are think negative so, be careful in decision making.

What are the Seven Steps in the Decision Making

Following Seven Steps in the Decision Making must be used.

1. Define the situation:

The whole circumstances are in front of you and what you need is to revive it and go through the requirements of the scene. Understand what is the need of situation. A parameter of completeness and awareness should be there.

2. Describe and collect information:

Whatever data is required you have to compile that at one place. Information via research is collected and make possibility for making a decision.

3. Develop alternatives:

You must have all possible references, and the structure in your mind and accordingly develop alternatives. What are the outcomes and what are the possible methods to resolve it. What you can do along with your sub-ordinates.

4. Define an agreement among people who are involved:

You can’t have the decision at higher level verbally. Requirements are to properly write them along with the opinions of other people which are related. In black and white, agreement mentioning all terms and conditions should be written.

5. Deciding best alternative:

After having all possibilities now you have to decide for which alternative you should go. Taking all others with you as well. Comparing all merits and demerits of a decision.

6. Do what is indicated:

After selecting seek for a good output, go for a decision which is best and radical in your point of view. You don’t need to get panic. Focus on alternative by staying calm.

7. Determine weather you decision is right or not:

After you have made a decision, now nothing can be altered. You just have to keep pace and according to your thoughts just have to conclude results.

Sometimes decisions have to be made on the spot, with little information and managers with good skills take effective decisions.

Management:

the process used to accomplish organizational goals through planning, organizing, leading, and controlling people and other organizational resources.
 

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Planning:

Amanagement function that includes anticipating trends and determining the best strategies and tactics to achieve organizational goals and objectives.
 

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Organizing:

A management function that includes designing the structure of the organization and creating conditions and systems in which everyone and everything works together to achieve the organization’s goals and objectives.
 

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Leading:

Creating a vision for the organization and guiding, training, coaching, and motivating others to work effectively to achieve the organization’s goals and objectives.
 

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Directing

Telling employees exactly what to do, once referred to as ‘leading’.

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Controlling:

A management function that involves establishing clear standards to determine whether or not an organization is progressing toward its goals and objectives, rewarding people for doing a good job, and taking corrective.
 

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Vision:

An encompassing explanation of why the organization exists and where it’s trying to head.
 

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Mission Statement:

An outline of the fundamental purposes of an organization. addresses the organization’s self-concept, philosophy, long-term survival needs, customer needs, social responsibility, and nature of product/service.

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Goals:

The broad, long-term accomplishments an organization wishes to attain.
 

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Objectives:

Specific, short-term statements detailing how to achieve the organization’s goals.
 

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SWOT Analysis:

A planning tool used to analyze an organization’s strengths, weaknesses, opportunities, and threats.

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Strategic Planning:

The process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals
 

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Tactical planning:

The process of developing detailed, short-term statements about what is to do be done, who is to do it, and how it is to be done.
 

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Operational Planning:

The process of setting work standards and schedules necessary to implement the company’s tactical objectives

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Contingency Planning:

The process of preparing alternative courses of action that may be used if the primary plans don’t achieve the organization’s objectives
 

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Decision Making:

Choosing among two or more alternatives (heart of all management functions)
 

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Problem solving:

The process of solving the everyday problems that occur. less formal than decision making and usually calls for quicker action.
 

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Brainstorming:

Coming up with as many solutions to a problem as possible in a short period of time with no censoring of ideas.
 

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PMI:

Listing all the pluses for a solution in one column, all the minuses in another, and the implications in a third.
 

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Organization Chart:

A visual device that shows relationships among people and divides the organization’s work; it shows who reports to whom.
 

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Top Management:

Highest level of management, consisting of the president and other key company executives who develop strategic plans.
 

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Middle Management:

Level of management that includes general, division, branch, and plant managers who are responsible for tactical planning and controlling.
 

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Supervisory Management:

Managers who are directly responsible for supervising workers and evaluating their daily performance.
 

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Technical Skills:

Skills that involve the ability to perform tasks in a specific discipline or department.
 

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Human Relations Skills:

Skills that involve communication and motivation; they enable managers to work through and with people.


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skills that involve the ability to picture the organization as a whole and its relationship among its various parts.

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Staffing:

A management function that includes hiring, motivating, and retaining the best people available to accomplish the company’s objectives
 

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Transparency:

The presentation of a company’s facts and figures in a way that is clear and apparent to all stakeholders
 

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Autocratic Leadership:

Leadership style that involves making managerial decisions without consulting others.
 

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Participate (democratic) Leadership:

Leadership style that consists of managers and employes working together to make decisions.
 

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Free-rein leadership:

Leadership style that involves managers setting objectives and employees being relatively free to do whatever it takes to accomplish those objectives.
 

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Enabling:

Giving workers the education and tools they need to make decisions.
 

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Knowledge Management:

Finding the right information, keeping the information in a readily accessible place, and making the information known to everyone in the firm.
 

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Five steps of controlling

1. Establish clear standards
2. Monitor and record performance
3. Compare results against standards
4. Communicate results
5. If needed, take corrective action
 

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External Customers:

Dealers, who buy products to sell to others, and ultimate customers (aka end users), who buy products for their own personal use.
 

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Internal Customers:

 
Individuals and units within the firm that receive services.
What are the Seven Steps in the Decision Making Process
What are the Seven Steps in the Decision Making Process
 

 

Importance of Internship for College Students

Internships are very essential and authentic source by which students can be made more well aware of their practical life, they are indulged in professionalism.Basically its a social human responsibility to spend some time for social cause, students can learn allot of new things to this process. Hey come to know about their field work while remaining in contents of study. During the school year students may feel overwhelmed with coursework, sports, or co-curricular activities that may keep them extremely busy while leaving no time to think of doing an internship or a job. Many students may also feel that they are caught in a bind since they need to make money to pay for their expenses but they can only find unpaid internships in their field. 

Importance of Internship for Students

 

Internship basically making a sense for the student that how they will work for any job. Internship gave the idea to students for their upcoming job. It give experience to the students before the job. An internee work more effectively then a new student without any internship.Following are the benefits

  • One gets maximum experience.
  • Aware of ambiance and nature of work.
  • An addition in your Curriculum vitae, which imparts positive impression.
  • Professional links among people are formed.
  • One can make market contacts.
  • You can apply your knowledge into practical ones.
  • Explore all possibilities and ways of your field.
  • You may opt to look beyond your frame of mind.
Having an experience, makes their work more effective which is a source of their reliable work. Internship can be paid or unpaid, and are in various fields, arts, science, culinary, law, business, engineering etc. If you are being offered by a paid internship it’s of double benefit. It might meet your expenses as well as you are gaining experience. Like in Hospitality industry, internship is made a part of whole degree. They make their students excel in practical world.

Types:

Paid internship:

It is for your own benefit and use, u’ll get to know about work and it enhances your experience. It’s a great requirement in Global Village, and student can earn money for this source and after getting experience companies,banks offer the jobs.
 

Unpaid internship:

It’s a type in which you aren’t paid, infect you work for a special cause. It worth’s even more. At international level you are considered more, if you have worked for any cause as a social responsibility, you worth more. Like in NGOs for Special children, Orphan child’s etc. Even after A-Level you have to do internship for completing your credit hours, and you get marks for that. Their main purpose is to make students aware of conditions of others. To en light a sense of social humanity based relationship.
 
Sometimes, depending upon your good luck, you can get a good job, from the reference while staying there, or sometimes by admitting and admiring your working skills, the same organization offers you job having an effective package. All you need what is showing your dedications towards your work. Now-a-days, people having and internship experience are preferred more as compare to the freshers. It is observed world widely that good organizations are promoting internships, and it has remarkably effected the work output. One must attend an internship session, and go thought it because in the modern era, its becoming a need. 
Importance of Internship for College Students
Importance of Internship for College Students

Research Tools Of Data Collection

 Qualitative data collection, or field work, involves spending considerable time in the setting under study immersing oneself in this setting and collecting relevant information in obtrusively. Descriptive narrative and visual data are collected d to gain insights into the phenomena of interest.  The type of data collected is largely determined by the nature of the problem. Its a Sample Research Tools of  methodology Data collection.

Research Tools of Qualitative Data Collection

   Collection   sources  and  techniques.

      A.  Qualitative research includes data collected through observations interviews , questionnaires , phone calls, personal and official documents, photographs, recordings, drawings, journals, e-mail messages and responses, and informal conversations.
      B.   In qualitative research the researcher is the primary data collection instrument.

Observing:

When qualitative researchers obtain data by watching the participants, they are observing.
A researcher who becomes a part of and a participant in the situation under observation is called a participant observer.
A researcher can be an active participant observer a privileged, active observer or a passive observer.
A nonparticipant observer observes the situation but does not participate in the situation while observing it.
Field notes are the records of what the observer has seen or heard . Field notes contain literal descriptions as well as personal reactions and comments on what the observer has experienced and thought about during an observation session. Field notes may be guided by a protocol developed prior to the observation session.

Interviewing:

An interview is a purposeful interaction in which one person obtains information from another.
The unstructured interview is like casual conversation and allows the qualitative researcher to inquire into something that has presented itself as an opportunity to learn about what is going on at the research setting.
In a structured interview, the researcher has a specified set of questions that elicits the same information from all respondents.
For interviews, researcher should include convergent and divergent questions and pilot-test them with a group of respondents similar to the target sample.
Following basic guidelines for interviewing can help improve communication and can facilitate data collection
A focus group is a group interview. Researchers conducting focus groups should ensure that all participants have a chance to state their points of view.
An e-mail interview can be used to elicit responses from busy professionals who can respond to an e-mail either synchronously or asynchronously.

Questionnaires:

A questionnaire is a written collection of self report questions to be answered by selected group of research participants.
 Developing and presenting questionnaires takes presentation should be attractive.
 Be sure to protect participants, confidential information.

Examining records:

Useful educational records include archival documents, journals, maps, videotapes, audiotapes, and artifacts.
Research Tools Of Data Collection
Research Tools Of Data Collection

 

The Five P’s Marketing

Marketing is not that much easy as it seems. You have to sale your product and for this your communication skills matter, but before this some things are necessary which are known as 5 P’s of marketing .You have to make costumer comfortable and satisfied by your product. Because there are other products to, and you have to prove your product, organization.The 5 P’s are a set of recognized marketing tactics, which you can use in any combination to satisfy customers in your target market. The 5 P’s of marketing are controllable, but subject to your internal and external marketing environments. Combining these different marketing tactics to meet your customers’ needs and wants is known as using a ‘tactical marketing mix’.

Five P’s Marketing Examples

The 5 P’s of Marketing  covers:

Place,Product, Price,Promotion,People. Each topic explains in detail each segment that enable you to understand and implement into your business.These are the following tips, which are essential and in consequence you’ll get a remarkable plan for marketing.

1. Place:

First thing that matters is place, the area which is the hot spot for your product. As the places will be more common there will be more awareness of your product. People will commonly know about your product. Demographics and geographic of an area matters allot. You should be very selective about your place, which you are choosing for publicity or marketing.

2. Product:

Your asset infect. Product matters allot, your logo on product, availability, handling and durability. After sale service, guarantee, warranty all are important factors, which effect your sale and build confidence of customer.

3. Price:

Price is directly linked with the quality. Price matters but not every time. People prefer economical things which lie in their budget but in modern era, people are aware of using qualitative things as people are getting more health conscious. Price should not involve your profit at peak, customer satisfaction should be your priority.

4. Publicity or Promotion

Which advertisement and publicity of your product, your convincing style about is also essential. The techniques used for publicity of products, different schemes you can use. Usually it isn’t paid, and at govt. level, and mostly supported in international agencies.

5. Placement or People:

Placement is in short, your mindset. Frame what you set in customer’s mind about your organization. It’s your duty to leave a good and satisfied impression. Placing the quality and benefit in his mind.

When you provide excellent customer service, you create a positive experience for your customers, and in doing so market your brand to them. In turn, existing customers may spread the word about your excellent service and you can win referrals.

Give your business a competitive advantage by recruiting the right people, training of your staff members to develop their skills, and retaining good staff.

The Five P's Marketing
The Five P’s Marketing

Event Management Tips and Guidance for Success

Event management is the project that create different events, parties, weddings etc.

An event whether it is a private one or if there is business involvement both requires proper setting in order to refresh their members. In every specific moment whether it is a birthday party or it’s a wedding everyone has eye on the management. If there is proper management everyone appreciate it but if it’s not, then the people don’t lose the chance to speak against you.
According to my opinion, proper event management requires the following tips, if it is perfect then the party is perfect.
 

Tips for event management

Proper  Weather Check

  or a better event to happen one must check weather updates, and must do the work appropriately e.g if weather updates shows raining then one must not set the event in open air.

·        Proper timing:

There must b exact timings. It should not b too much late, must be convenient for the people to come.
  

·       Gathering:

One must have check on gathering that is how many people are coming and attending the function.

·        Security check:

The most important and foremost thing is the security check. There must b environment where people can feel safe.

·        Creating budget:

A proper event requires a pre planned budget according to the gathering and dishes you are placing.

·        Selecting venue:

Choosing a perfect venue according to the desire of the person that wants a event planning by you.

·        Managing menu:

There comes the governmental laws. You have to chose whether there will be a single dish or variety of dishes. If it’s a private business party then there could be three or four dishes but according to the taste of the manager.

·        Sound check:

There must be proper sound system because sound is the major part in different business parties or in educational site as one has to address the public. In case of wedding and other casual parties light music will b good.

·       Remain flexible:

Last but not the least thing is that one must remain flexible. Timings could b changed, weather could be different, but in all case one must keep calm. If you are running your event in open air and it starts to rain then a restaurant could b alternative, but you must not lose your temper.
Conclusion:
Event is a lifetime thing that is remembered by everyone and if it goes good then it become the most enchanting thing. In short, one must follow these tips in order to make your event a special one.

Job and Study Opportunities

We all know that we are living in a world of problems and anxiety. Each and every person has countless problems in his life and everyone wants to overcome these problems to enjoy a comfortable life and a life of ease & happiness. Many countries provides Job and study opportunities for students to their development and make them independent, where students got education in morning timing and do work at evening .

Can Study And Job Go Parallel

Some people do that by establishing their business because they have special sport of some people but the people who have no background or support so there is a need to study enough so that make their career and there is also need of doing job for specially these people because there is no option for these people except doing a suitable job with which they can adjust with their studies.
Mostly the students which belong to middle class family do job with their studies and they know that how to make balance with both studies and job. They make plans with which they can concentrate on studies and also fulfill their responsibilities related to job so if we see these things, we can say that study and job can go parallel. For example most students choose teaching as a profession when they are in student life .
They choose teaching because it is helpful for them and it will be easy for them to continue their studies and their mind will not be distracted but they have a special benefit of it because by doing this they can refresh their knowledge and can spread their own knowledge to others and they come to know that how to teach effectively because they themselves as a student face the same problems as faced by their students and how to solve their problems.

Conclusion:

We can conclude that study and job can go parallel but in this situation we have to set our routine according to which we can manage with both study and job.
Job and Study Opportunities
Job and Study Opportunities

Basic Strategies For Effective Team Building


Team management and group working is very essential part of official work. You should have to learn that how to collaborate with other partners, by keeping your personal issues, aside. For the benefit of your organization, you have to be professional. Working in team form is tricky, and you have to show your activeness and participation.These are the  basic Strategies for Effective Team teaching.

 Strategies For Effective Team Decision Making

When it comes about forming a team, it is of different types depending upon the quality and well as requirements of the work. Following types of teams can be formed.
 

Task force — Achieve a single goal in limited time


Quality assurance team — Focus on product or service quality


Cross-functional team — Join employees from various departments to                                                solve problems

 

Product development — Focus on the development cycle of new                                                         products

Virtual team — A team with members in more than one location

 

Team Behaviors:


Following behaviors must be adopted and these are the must requirements for being a part of a team.
 

Commitment — focused on mission, values, goals, and expectations


Cooperation— share a sense of purpose


Communication— know that information must flow smoothly


Contribution — expect all members to share abilities and skills with team

Group Decision Making Stages:

 

When you’re in a group, do remember you are not alone, you have to
take all other members with you, even if you are a leader. With out all members your group is incomplete.
 

Orientation: group identifies the problem and plans for reaching decision.

 

Discussion: researches, identifies & weighs options, tests assumptions.

 

Decision: group combines individual preferences into a collective decision.

 

Implementation: Group carries out decision and assesses its impact.

 
 

Types of Group Conflict:

 

Working in a team form, can also create many conflicts, as different people of different personalities do occur. Everyone has it’s own ideas, own

thoughts, and own ways of thinking. Depending upon the cause, 

following types of conflicts do exist.

 

Substantive Conflict:

 
        It deals with the type of conflict that occurs among group member
        within a same group.


Personal Conflict:

 
        It can occur among two persons, of a same group. Due to any bias or 
        personal problems.
 

Social Dilemmas:

 
        Conflict arise when motive of group overcomes by individual motive.
 

Procedural Conflict:

 
         In this type of conflict, persons have their own methodology and own 
         techniques.
 

Competition:

 
        Competition among two, the greatest cause of conflict. This must be 
        avoided because it causes severe effects.

Styles of Conflict Resolution:

 
As there’re different conflicts that arise, similarly different resolution do 
occur. One can handle a conflict sensibly by using the resolutions 
available for it. Following are given,
 

Competition:

 
       By competing is one of the way to resolve a issue. You should 
       compete if you are right.
 

Accommodation:

 
        Sometimes you need to accommodate and respect the opinion of 
        other person too. Take his decision with you as well.
 

Avoidance:

 
         It’s the best option! What you should do, avoidance, it will not create any mess.
 


Compromise:

 
         You can do compromise, with the situation. It gives you a better 
         chance to resolve anything.
 


Collaboration:

 
         Collaborating with others is also an important technique.

How to Write Meeting Minutes

Minutes of Meeting describe specify what was   discussed and decided in a meetingpermanent record of the meeting for future reference. Include an overview of the structure of the meeting. Minutes are very important because its the conclusion of whole meeting.

How to Write Meeting Minutes Sample Format

ØGenerally, minutes begin with the organization name, place, date, list of people present, absent and the time.

ØAll the agenda for the said meeting.
ØAll official decisions must be included.
ØThe reports given and the person involve
ØThe vote tally may also be included
 
Ø  The date, time and place of the next meeting.
 
Ø  Assignments and the person responsible.
 
Ø The minutes may end with a note of the time that the meeting was adjourned.

 Importance Of Meeting Minutes?

ØConfirm any decisions made
ØRecord of any agreed actions to be taken
ØRecord of who has been allocated any tasks or responsibilities
ØProvide details of the meeting to anyone unable to attend
ØServe as a record of the meeting’s procedure and outcome



What Tasks Are Involved In Taking Minutes

¥Make A Short Summary About The Meetings Agenda
¥Make A List Of All The  Details Beforehand
¥Recording The Body Of The Minutes
¥Concluding The Minutes
¥Distributing The Minutes Among The Attendees
 
 

Forms Of Recording Minutes:

¥Video Recording ¥Audio Recording ¥Hand Recording 
 

The Body Of The Minutes:

¥Name of the organization
¥Date and time the meeting
¥Those present and those who could not attend
¥A list of the agenda items/topics
¥Summary of discussion for each agenda item
¥The actions people committed to
¥Summary of any decisions made
  
Styles Of Minutes:
vMinutes of Narration – These include some of the discussions and important details. This style of minutes is considered a legal document.
vReport – This is a full record of all discussions that includes the names of all speakers, movers and seconders of any motions, written in a narrative style.
vMinutes of Resolution – These are limited to the recording of the actual words of all resolutions that were passed. Movers and seconders are not recorded. Each resolution that is made commences RESOLVED THAT. This style of minutes is also considered a legal document.

Essentials Of Taking The Minutes:

¥Record simple short statements which capture decisions passed and actions agreed upon under each of the agenda headings
¥Keep it brief & to the point
¥Circulate within a week
¥Impersonal tone
¥Reported  speech

Instructions:

¥Typing meeting minutes on a laptop can make the process quicker and easier.
¥Make a note of who is present. If necessary, pass around a sign-in sheet.
¥Use the meeting agenda as an outline for the minutes.
¥Details do not belong in meeting minutes. Do write down any motions and decisions made and the key findings of any committee reports.
¥Use bullet points to make the minutes easier to read. Each bullet statement should represent a different finding, discussion, or decision.
¥Make a note of issues that were tabled until future meetings.
¥Transcribe or review minutes as soon as possible after the meeting, while your memory of what happened is still fresh.
¥Before you submit the meeting minutes, proofread for types.
How to Write Meeting Minutes
How to Write Meeting Minutes