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प्रश्न
Answer the following question.
‘Konark Ltd.’ Is an electronic good manufacturing enterprise situated in Shivpuri, Madhya Pradesh. It is earning a very low revenue in comparison to a competing electronic good manufacturing enterprise, ‘Nova Ltd.’ situated in Mumbai. Both Konark’s and Nova’s operations are affected directly by the investors, customers, competitors, and suppliers, which are unique to their respective locations. In addition to this, individual firms of this field are affected indirectly by the factors like the money supply in the economy, the composition of the families, the technological changes, etc.
1) Identify and state the feature of the concept discussed in the above paragraph.
2) Also, state any four points of importance of this concept.
संक्षेप में उत्तर
उत्तर
1) The feature of the business environment discussed in the above paragraph is specific and general forces. Specific forces refer to the external forces or institutions which exist outside an organisation and with which an organisation has to interact during its working course. General forces refer to those external forces which exhibit broad trends and conditions affecting all organisations.
2) Points highlighting the importance of the business environment for business enterprises:
- Accumulating useful resources: Environment offers itself as a source of inputs such as raw material, machinery, and labour for the running of an organisation. In return, the business supplies the environment with its output. This is possible only if the enterprises have an understanding of what the environment desires and what it can offer.
- Adjusting to changes: the Business environment is dynamic in nature and is prone to numerous socio-economic changes. A careful analysis and understanding of the environment help an enterprise to adapt with these changes and to take timely action.
- Formulating plans and policies: Understanding and analysing opportunities and threats help a business frame suitable plans and policies in view of the current scenario.
- Improving performance: The main aim of analysing and understanding the environment is to improve a firm's performance and efficiency. The future of an organisation depends on how closely it bonds with the environment and thrives to survive its ever-changing policies.
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संबंधित प्रश्न
Answer the following question.
Explain any four features of co-ordination.
Isha Machines was a renowned name for quality sewing machines since 1960. Mr Suresh, the owner of Isha Machines, was worried as the production had declined during the last three months. He directed the Production Manager to find out the reason. The Production Manager ordered the different supervisors to prepare a performance report of the workers working under them.
Identify the step taken by the Production Manager that is related to one of the functions of management.
Alliance Ltd. is engaged in manufacturing plastic buckets. The objective of the company is to manufacture 100 buckets a day. To achieve this, the efforts of all departments are coordinated
and the interlinked and authority-responsibility relationship is established among various job positions.
There is clarity on who is to report to whom
Name the function of management discussed above.
A process where in the manager instructs, guides and communicates with employees.
The first and basic function of management
Professional Managers are highly educated.
Select the proper option from the options given below and rewrite the complete sentence :
Division of work is involved in at ________function.
Select the proper option from the options given below and rewrite the complete sentence :
Directing is a responsibility of ________ at all levels.
Write a word or a phrase or a term which can substitute the following :
A management function which decides in advance as to what to do, how to do, when to do and who is to do.
Distinguish Between the following:
Planning & organising.
Distinguish Between the following:
Coordination & controlling.
Write Short Note on the following:
Importance of organizing.
Nature of Co-ordinating.
State with reasons whether the following statement TRUE or FALSE:
Staffing includes human resource management.
State with reasons whether the following statement ias TRUE or FALSE :
organising is the process of defining and grouping the activities of the organization
State with reasons whether the following statement TRUE or FALSE:
Directing function is not directly related with human factor
State Whether the Following Statement Is True Or False (Give Reason).
Adopting corrective measures is the last step of controlling.
“A manager in a conscious manner has to ensure that even where members of a department willingly cooperate, coordination gives direction to the willing spirit.” The characteristic of coordination being highlighted above is ______.
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Asha is living in a small village in Rajasthan. Her mother has good culinary skills. Inspired by her mother she joined a course in 'Food and Beverages Production' in Jaipur. After completing her course she asked her mother to open a sweets shop in Jaipur, to which her mother agreed. The business was doing well and had started growing. To expand her business she felt the need for additional personnel. Instead of selecting personnel from any other source she thought of helping her relatives and appointed five of them. But after doing all their efforts she found that none of her relatives were providing satisfactory service leading to lower productivity. Also, the quality of the products started deteriorating. This made Asha realize that the ability of an organisation to achieve its goals depends upon the quality of its human resources. This was ignored by her at the time of selecting the personnel for her expansion of the program. |
- Identify and state the function of management which could have helped Asha at the time of fulfilling her need for additional personnel in the organisation.
- State any three benefits of the function identified in (a) above.
Directing is the heart of the management process. Give any four reasons to support this statement.
