"Successful Management Companies: A case study. YEARThe main factor of a good company are elements of marketing, finance , development strategy,operation and human resource management These elements in the effective management of thecompany such that the targets and objectives are finally achieved. These can be explained as below.Marketing:The essential element of the successful management practice is marketing. Marketing helps inshowcasing the company products along with its varied features and benefits to the people as per theirrequirements. This way marketing helps in relating the company’s product as per the specific needsand requirements of the people. Through use of various marketing technique this end is achieved.Various marketing techniques used in the present day world includes using posters, value additions, referral networks, flyers, cold calling, internet etc.These methods help in reaching out to the publicand giving them information about the company’s product. This information mostly includes theproducts features and its varied benefit to the customer. Along with that an additional scheme interms of discount or more quantity in the same price is also sometimes added to get positive customerresponse. These days use of internet advertising has been helping the companies’ world over topromote their business and sell their products online. Thus marketing includes various processesstarting from Product information advertising, branding, designing, servicing using internet and othermethods for promotion (Gill, 2002). Various marketing tools and techniques can be displayed asbelow. Successful Management Companies: A case study. YEARProductinformation Design Internet Marketing Service Advertising Branding Finance:The effective management of the available finance with the company becomes another essentialelement of successful management practice. The companies can use its available finance in the mostefficient manner by fulfilling needs at the production and packaging process. This way the productionprocess gets support of a simultaneous and regular supply of required finance. The business reachesnew heights and the finance with the company increases overtime with the progress and developmentof the business. Therefore the best way of effective management of finance is proper governance,financial reporting, value management, financial planning, and innovative systems. The propergovernance helps in efficient use of funds where and when required. The financial recording keeps atrack and control over the finance usage. Value management helps in estimating the value of financewith the company and how much it can prove beneficial for the business operation. Financialplanning further helps in making plans for the financial requirements of the business overtime and Successful Management Companies: A case study. YEARmaking arrangements accordingly. Finally the development of innovative systems helps in anefficient spending and control over the movement of finance in the business using latest technology(Chopra & Meindl, 2001).This can be displayed as below.ProperGovernance Innovative Financialsystem Reporting FinancialManagement Financial ValuePlanning Management Development strategy:Development strategy is an important element of effective management. It includes following ofvarious stages to formulate and develop such business strategy that could help in the developmentprogress. These steps include the followings.Step 1: Determining goals and objectives of the company:The first step in the strategy development is the determining of goals and objectives of the company.These goals and objectives can be improved production, increased sales, decreasing cost of "