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Question
What is meant by ‘Privatisation’?
Solution
Privatisation refers to the process of gradual transfer of ownership or management from the state/public owned enterprises to individuals or private units i.e. from the public sector to the private sector enterprises
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RELATED QUESTIONS
What is meant by ‘Management of Operations’?
A firm plans in advance and has a sound organisation structure with efficient supervisory staff and control system but on several occasion it finds that plans are not being adhered to. It leads to confusion and duplication of work. Advise remedy.
Answer the following question.
Pratap Singh is the Chief Executive Officer of Nissar Enterprises. It is an automobile parts manufacturing company. The enterprise has a functional structure, in which jobs of similar nature have been grouped together as Production, Finance, Marketing, and Human Resource. Nissar Enterprises has its manufacturing unit at Manesar. The factory has been plagued with many problems for a long time which was in the knowledge of the Production Manager, Varun Sharma. The workers had internal differences. Time and again, there were misunderstandings between the management and the workers. Keeping the problems in mind, Varun Sharma appointed Siyaram Singh who had 14 years of experience of working with the actual workforce and passing on instructions of the middle management to the workers.
Siyaram Singh met Varun Sharma to understand what the management wanted? Thereafter he met the workers and conveyed the ideas of management to them. He also promised the workers to convey their problems to the management. In this way, he cleared the misunderstanding between the management and the workers. He also sorted out internal differences and was able to unite the workers within a month of his joining. His work was acknowledged by management and he was given a certificate of good performance along with a 10% increase in salary.
(i) Siyaram Singh performed some of the functions which are required to be performed at the position he is working at. State any five other functions Siyaram Singh is expected to perform.
(ii) Name the incentives provided to Siyaram Singh.
Policy formulation is the function of ______.
Middle-level management consists of ______.
At what level of management does the Chief Executive Officer operate?
Number of levels of management are ______.
Which of the following is not a designation related to top level management?
Which of the following is not a designation related to middle level management?
Which of the following is not a designation related to lower level management?
Which of the following statements is not true for lower level management?
Identify the level of management which does not interact with the work force directly.
Policy formulation is the function of ______.
Identify the level of management whlch does not interact with the work force directly.
______ comes under the top management.
At which level managers spend more time in planning and organising?
Hiring of employees is done by :
