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Trilok Ltd. w...

Question

Trilok Ltd. was established with a total capitalisation of Rs. 25.80 crores. Company maintained a good balance between Debt and equity by. having a Debt-Equity ratio of almost 2 : 1. It was established with a mission of generating employment - producing quality goods with fair prices.
It hired qualified and experienced staff even then, it organised training programmes to improve the skill level of employees. Managers at different levels were of the opinion that everything was organised very well, so subordinates can do everything at their own level. So they decentralised the authority till lowest level and restricted themselves to policy making. At the end of financial year results were shocking - Annual target of production of 5,00,000 units could not be achieved.
(i) Name the functions of management practised by managers.
(ii) Which management function was totally ignored by the managers at different leVels. What would be the benefits? Trilok Ltd. could get, by adopting this "MISSED FUNCTION".

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Solution

(i) Planning
Organizing
Staffing
Controlling
(ii) Directing
Points that emphasize the benefits of directing in an organization are
1. Initiates Actions
2. Integrates Employees’ Efforts
3. Means of Motivation
4. Facilitates Changes
5. Balance in the Organisation

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