Planning is the first function and controlling is the last function of managerial process . Explain
In Asim Ltd, an employee has the objective of maximizing his salary, but the organizational objective is to maximize output at competitive cost. There was some dispute on this for a while. Eventually, the organizations interest was given priority over employees interest. Name the principle related to this situation.
Planning is the first function and controlling is the last function of managerial process . Explain
Which natures of principles of management have been highlighted in the above case?
The second group of employees is responsible for maintaining quality and safety standards, and minimising wastages.
The responsibility of third group of employees is to explain the policies decided by the top management and developing the feeling of cooperation among all the departments of the company.
(a) Identify the concept of management described in the paragraphs given above.
(b) Identify the three types of the concept identified in 'a' by quoting the relevant lines.
A. Conflicts
B. Misunderstanding
C. Income
D. Morale
Q.7 Sigma Ltd is a large company manufacturing electric motors. The company has several departments production, marketing, Finance and HR. Mr Shashank, CEO of the company set the target sale of ' 10 crore in a month. To increase the sales, the marketing manager, Mr Ishan insists on offering 10% discount to customers. But the finance manager, Mr Mohan does not approve such discount as it would mean loss of revenue,. Because of dual subordianation the sales manager, Mr Anshik could not achieve the sales target.
a) Which concept of management Sigma Ltd is lacking ? State it.
b) Which principle of management is overlooked by the company ? Explain it.
c) Which principle of Fayol will you suggest the company to follow ? Explain it.
1. Mr. Rakesh kathuria is the owner of "Kathuria store". He has divided his business into four departments. All department have been instructed to comply with certain general guidelines while discharging their functions. By doing so, they will
definitely achieve better performance. All managers complied with this instruction.
Identify the concept of management mentioned in the above paragraph.
2. Marketing manager of 'Guru Kripa Ltd.' has set targets of his sales Executives. But he did not give them the authority
to grant rebate and credit facility to the customers. which are so essential various occasions. Consequently sales, executives failed to achieve their targets.
Identify the principle of management ignored in this case.
In Asim Ltd, an employee has the objective of maximizing his salary, but the organizational objective is to maximize output at competitive cost. There was some dispute on this for a while. Eventually, the organizations interest was given priority over employees interest. Name the principle related to this situation.
'sensex' has scored by 5078 points ' in the last 3 yrs, Neelabh sarin suggests that equity should be prefered while Chopra wanted to opt for debt. Keeping in mind the high operating cost of the company, suggest the source of finance that should be used for modernisation of existing plant. Also explain the two factors highlighted above which should be keep in mind for taking this decision.
In context of the above case:
(a) Name the function of management described in he above paragraph.
(b) Identify and explain the various steps involved in process the function of management as identified in part (a) by quoting lines from the paragraph.