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Question
Write short notes
Importance of organising.
Solution
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A process where managers instruct, guide, and communicate with employees.
Planning has vital importance in the management process.
Answer the following question:
Saurabh decided to start a chocolate manufacturing business. He set then a target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocolates is increasing day-by-day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he scheduled a meeting in the following week to find innovative ways to achieve the objectives.
List the first two steps, which have been followed by Saurabh that are related to the process of one of the functions of management.
Write only ‘one’ word or phrase or term which can substitute the following statement:
An end function where the performance is evaluated in accordance with the plan.
State the Importance of Planning ?
A management function directly related to human resources.
Staffing is concerned with _________.
The function of management which involves harmonization or balancing of group efforts.
“A successful enterprise has to achieve its goals effectively and efficiently.” Explain.
Management is a series of continuous interrelated functions. Comment.
Select the proper option from the options given below and rewrite the complete sentence :
Physical, financial and human resources to develop productive relationship is a ________ function
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.
Staffing and Controlling
State Whether the Following Statement Is True Or False (Give Reason).
The direction is always performance-oriented.
‘Thinking before doing’, under which function of management is this performed?
Under what function of management does the ‘corrective action’ fall?
“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.
Which is not a function of management of the following?
Arrange the phases of Project Management Life Cycle in correct order.
- Design
- Marketing
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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.