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Question
Write a word or a phrase or a term which can substitute the following :
One of the functions of management is considered as a base for all functions.
Solution
One of the functions of management is considered as the base for all functions – Planning
Explanation:
Planning acts as a base for all other functions in any organisation; that is, it precedes all other functions like organising, directing, staffing and controlling. This is because plans state the objectives, and all other functions are performed in accordance with the laid objectives. Once the plans are made, the roles of other interrelated functions come into play. Thus, planning becomes the basis for other functions of an organisation.
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Vinay was the Chief Operating Officer of 'Easy Solutions Ltd.', a company providing advanced software solutions to Indian Defence Services. They had been carrying on business successfully for the last twelve years and earning enough profits. But from the last one year, they realised that though the business is getting big orders which are being fulfilled on time, even then the revenues kept on decreasing. Vinay was not-able to find out where the problem was. He started keeping a close check on the progress of activities as he could sense that something was wrong. He wanted to take some action before any major damage could be done to the business. Vinay appointed a cyber security expert who monitored the company's processes and found out that the computer operator was deleting the entries from the computers and pocketing the revenues. He was caught and handed over to the police. This created an atmosphere of order and discipline in the organisation and helped in minimizing dishonest behaviour on the part of the employees.
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