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Question

The production manager of a company received the complaint that the quality of the goods was not good. After the investigation, it came to light that the machines had become very old. That is why they were unable to achieve standardised quality. The production manager developed several options by way of a solution to this problem. Example, getting the machines required, purchasing new local machines, purchasing new imported machines, if possible taking machines on rent etc. The CEO of the company wanted the list of options to be smaller so that a thorough study could be made for them. In order to make the list of optional ways smaller, he decided to give up all these options which required the investment of more than 10 crores.

What do you understand from the fact of company fixing the maximum investment limit on options?

A

Setting up on the objectives

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B

Developing premises

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C

Listing the various alternatives for achieving the objectives

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D

Evaluation of different alternatives

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Solution

The correct option is B
Developing premises

Premises refer to making assumptions regarding the future. Premises are the base on which plans are made. It is a kind of forecast made keeping in view existing plans and any past information about various policies.

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Similar questions

Q. The production manager of a company received the complaint that the quality of the goods was not reasonable. After investigation, it came to light that the machines had become very old. That is why they were unable to achieve standardized quality. The production manager developed several options by way of solution to this problem. Example, getting the machines repaired, purchasing new local machines, purchasing new imported machines, if possible taking machines on rent, etc.

The CEO of the company wanted the list of options to be minimum, so that a thorough study could be made for them. In order to make the list narrower, he decided to give only those options which required the investment of more than 10 crores.
(a) Identify the concept described in the paragraph given above.
(b) What do you understand from the fact of company fixing the maximum investment limit on options?

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Q. Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames production department for producing goods, which are not of good quality meeting customers' expectations. The finance department blames both production and marketing for declining return on investment and bad marketing.

State the quality of management that the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?

Q. Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames production department for producing goods, which are not of good quality meeting customers expectations. The finance department blames both production and marketing for declining return on investment and bad marketing.

What quality of management do you think the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?

Q. Company X is facing a lot or problems these days. It manufacturers white goods like washing machines, microwave ovens, air conditioners. The company's margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales target and marketing blames production department for producing goods, which are of not good quality meeting customers expectations. The finance department blames both production and marketing for declining return on investment and bad marketing.
What quality of management do you think the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?

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