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Question
IND Dyechem Ltd. is a chemical manufacturing company producing dyes and pigments both for domestic and international market. It has enjoyed a considerable market share but lately, it has been facing problems in terms of target sales and customer satisfaction. This is due to the reason that new entrants have emerged with better technology and competitive pricing. The Chairman of the company addressed this issue in the departmental meeting. The production head, Mr. Kamble, advised the Chairman to revamp the system and take immediate necessary actions to rectify the problem so that sales are achieved as per the plans.
Identify the relevant function of management being discussed here.
Options
Organising
Controlling
Staffing
Planning
Solution
Controlling
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RELATED QUESTIONS
Match the correct pairs:
| Sr.No | Group 'A' | Sr.No | Group 'B' |
| 1 | Private company | a | One man one boss |
| 2 | Principle of unity of command | b | Basic function |
| 3 | Planning | c | 12 hours service |
| 4 | A TM | d | Maximum 50 members |
| 5 | Road transport | e | One man many bosses |
| f | 24 hours service | ||
| g | The cheapest mearis of transport | ||
| h | Unlimited members | ||
| i | End function | ||
| j | The costliest means of transport |
State the importance of co-ordinating.
Formulating a plan is the main function of ........................ management.
The function of management which involves harmonization or balancing of group efforts.
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 process of taking steps to bring actual results and desired results closer.
Distinguish Between the following:
Coordination & controlling.
Distinguish Between the following:
Organising & Directing.
Write Short Note on the following:
Nature of Controlling.
Write Short Note on the following:
Nature of Staffing.
Answer the following Question:
What do you mean by Controlling and explain its nature?
State with reasons whether the following statement is TRUE or FALSE:
Division of work is not required in organising function.
Match the following words from group 'A' and 'B'
|
Group 'A'
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Group 'B'
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(a) Co - operative society
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(1) 1986
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(b) e- business
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(2) Primary function of management
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(c) Consumer protection act
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(3) Father of modern management
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(d) F.W. Taylor
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(4) 1956
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(e) Planning
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(5) Profit objective
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(6) Outsourcing
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(7) Father of scientific management
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(8) Electronic business
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(9) End function of management
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(10) Service objective
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State Whether the Following Statement Are True Or False (Give Reason).
Staffing is a continuous process.
State Whether the Following Statement Is True Or False (Give Reason).
Planning and controlling are mutually interdependent.
“Grouping similar nature jobs into larger units called departments” is the step in the process of one of the functions of management. Identify the function of management.
Read the following text and answer the following question on the basis of the same:
Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
"The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage." Identify the function of management mentioned here.
Radha started a home cooked food delivery Dabba service. Her mother, who is a great cook, decided to help her. They relied on friends and family for orders and then on word of mouth. As a step in the process of ensuring that activities are performed as per her plan of supplying healthy, good quality, reasonable food and earning profit, she decided to keep both qualitative and quantitative benchmarks towards which she would strive to work. A function of management is being discussed above. An important characteristic of this function of management is:
The Government of India in its budget for the financial year of 2021-22 reiterated its support for Electric Vehicle sector. The Government launched several schemes and incentives to boost their demand as well as to motivate manufacturers to invest in the same. Inspired by these incentives and concerned about the environmental impact of gas and diesel- powered engines, Nitin Kothari has set up an electric car manufacturing unit at Bhilwara, He set a target of earning Return on Investment of 10% in the first year itself and forecasted that the demand for electric cars will increase by 20 million in the next few years.
The above case highlights the first two steps of the process of one of the important functions of management.
- Identify the function of management discussed above.
- State the remaining steps required to complete the above process.
Name the function of management that acts as a means for translating plans into action.
