Organisational Objectives
Trending Questions
The following is not an objective of management:
(a) earning profits
(b) growth of the organisation
(c) providing employment
(d) policy making
Ashutosh Gupta was working in 'Axe Ltd', a company manufacturing air purifiers. He found that the profits had started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline.
(a) Identify the level of management at which Ashutosh Gupta was working.
(b) State three other functions being performed by Ashutosh Gupta.
Tarang Enterprises Limited is planning to increase its sales by 30% in the next quarter. Identify the feature of management being highlighted in the given statement.
Write a short note on budgetary control as a technique of managerial control.
The primary focus of strategic management is
Specific, short-term statements detailing how to achieve an organization's goals is known as its:
Operational planning
Objectives
Vision
Mission statement
A tall structure has a
(a) Narrow span of management
(b) Wide span of management
(c) No span of management
(d) Less levels of management
Which of the following would be included in the "controlling function"
Setting standards
Giving assignments
Explaining routines
Measuring results against corporate objectives
State two main objectives of management.
Which of the following is not an objective of management.
Providing employment
Policy making
Earning profit
Growth of the organisation
The management of company F Ltd. now realised its folly. In order to rectify the situation, it appointed a management consultant 'M Consultants' to recommend a restructuring plan to bring the company back on the rails. M Consultants undertook a study of the production process at the plant of the company F Ltd. and recommended the following changes:
1. The company should introduce scientific management with regard to production.
2. Production planning including routing, scheduling, dispatching and feedback should be implemented.
3. In order to separate planning from operational management, 'functional foremanship' should be introduced.
4. Work study should be undertaken to optimise the use of resources.
5. 'Standardisation' of all activities should be implemented to increase efficiency and accountability.
6. To motivate the workers 'differential piece rate system' should be implemented.
7. The above changes should be introduced apart from the steps recommended in case problem (as an answer to question number 3 of that case problem).
It was expected that the changes will bring about a radical transformation in the working of the company and it will regain its pristine glory.
Do you think that the introduction of scientific management as recommended by 'M Consultants' will result in an intended outcome?
Which of the following statement is not true about preprocessor directives?
these are lines read and processed by the preprocessor
they do not produce any code by themselves
these must be written on their own line
they end with a semicolon
What is required in each C program
What is the full form of CPU?
F Ltd. was engaged in the business of food processing and selling its products under a popular brand. Lately, the business was expanding due to good quality and reasonable prices. Also with more people working, the market for processed food was increasing. New players were also coming to cash in on the new trend. In order to keep its market share in the short run, the company directed its existing workforce to work overtime.
But this resulted in many problems. Due to the increased pressure of work, the efficiency of the workers declined. Sometimes, the subordinates had to work for more than one superior resulting in declining efficiency. The divisions that were previously working on one product were also made to work on two or more products. This resulted in a lot of overlapping and wastage. The workers were becoming indisciplined. The spirit of teamwork, which had characterised the company previously, was beginning to wane. Workers were feeling cheated and the initiative was declining. The quality of the products was beginning to decline and market share was on the verge of decrease. Actually, the company had implemented changes without creating the required infrastructure.
Identify the principle of management (out of 14 given by Henry Fayol)that were being violated by the company.
Kapil and Kamal and Company is a large manufacturing unit. Recently the company had conducted time and motion studies and concluded that on an average, a worker could produce 300 units per day. However, it has been noticed that the average daily production of a worker is in the range of 200-225 units.
(i) Name the function of management and identify the step in the process of this function which helped in finding out that the actual production of the worker is less than the set target.
(ii) To complete the process of function identified in question (a) and to ensure the performance as per time and motion studies, explain what further steps a manager has to take.
What are the three objectives of management? Briefly describe the meaning of these objectives.
Is petty cash an asset or expense?
- Reinvestment
- Technology
- Debt
- Competitor's profit
Only increase in labour cost beyond 2% should be brought to the notice of the management. Which principle of control is highlighted by this statement?
Accounting provides information for cost control.
Marketing
Human resource
Financial
Cost
Identify the step taken by Harsh that is related to one of the functions of management.
A car manufacturing company sets a goal at in future, they will expand their production by 15%. After measuring the performance, they noticed that the production it has declined by 10% and the raw material s wasted by the production department.
Relate it to the concept of controlling and which values are ignored in this case?
F Ltd. was engaged in the business of food processing and selling its products under a popular brand. Lately, the business was expanding due to good quality and reasonable prices. Also with more people working, the market for processed food was increasing. New players were also coming to cash in on the new trend. In order to keep its market share in the short run, the company directed its existing workforce to work overtime.
But this resulted in many problems. Due to increased pressure of work, the efficiency of the workers declined. Sometimes, the subordinates had to work for more than one superior resulting in declining efficiency. The divisions that were previously working on one product were also made to work on two or more products. This resulted in a lot of overlapping and wastage. The workers were becoming indisciplined. The spirit of teamwork, which had characterised the company previously, was beginning to wane. Workers were feeling cheated and initiative was declining. The quality of the products was beginning to decline and market share was on the verge of decrease. Actually, the company had implemented changes without creating the required infrastructure.
What steps should the company management take in relation to the above principles to restore the company to its past glory?
The following is not an objective of management.
providing employment
growth of the organisation
earning profit
policy making
Clarify the terms efficiency and effectiveness.
Managers should ensure the continued survival of the organisation by ensuring that the revenue of the company covers its costs. State true or false.
True
False
(a) Which objective of management could not be achieved by the manager
(b) State other two objectives of management
(c) State any one value ignored by the manager.
- Finance
- Human Resource
- Production
- Sales
