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  • 3 answers

Rahul Jain 7 years, 1 month ago

Once the plans are to decide the future course of action then the manager may not be in position to change them following predecided plan when cirumstances are changed may not bring positve result for organitaion so these lead to rigidity

Vansh Rastogi 7 years, 1 month ago

planning is done by top level management, lower level employees only carry out orders . They are not allowed to share anything new or innovative.Therefore it reduces creativity and _Riya_ you explained planning leads to rigidity i think :)

Riya Jain 7 years, 1 month ago

When the plan is implied you cannot change that. And that is why it reduce creativity, if you have new idea you will not allowed to do that.
  • 2 answers

Cbse Student 7 years, 1 month ago

Okk thanks

Gaurav Seth 7 years, 1 month ago

Planning Process

1. Setting Objectives:
– Objectives specify what the organization wants to achieve.
– Objectives can be set for the entire org. & stated to each dept. within the org. very clearly, to determine how all depts. would contribute towards overall objectives.
-Then these have to percolate down to all employees at all levels so that they understand how their actions contribute to achieving objectives.
– E.g. Objective could be to achieve sales, expansion of business etc.

2. Developing Premises:
– Plans are made on the basis of some assumptions.
– These assumptions, which provide the basis for planning, are called premises.
– All managers involved in planning should be familiar w/ them, cuz plans are expected to operate & reach their destination subject to these. They can be:
• Internal premises: Cost of products, capital, machinery, profitability etc.
• External premises: Changes in technology, population growth, competition, govt. policies etc

3. Identifying Alternative Courses Of Action:
– After setting the objectives, managers make a list of alternatives through which the org. can achieve its objectives as there can be many ways to achieve the objectives & managers must know all of them.
– E.g. Sales could be increased through any of the following ways:
• By enhancing advertising expenditure
• Appointing salesmen for door-to-door sales
• By offering discounts
• By adding more product lines.

4. Evaluating Alternative Courses Of Action
– Positive & negative aspects of each &every proposal need to be evaluated to determine their feasibility and consequences in the light of each objective to be achieved.
– E.g. In financial plans, risk-return trade-off are imp. Riskier the investment, higher the returns it is likely to give. To evaluate such proposals, detailed calc. of earnings, taxes, earnings per share etc. should be done.

5. Selecting The Best Alternative
– Real point of decision-making→ Best plan has to be adopted and implemented.
– The ideal plan = most feasible, profitable and with least negative consequences.
– Most plans may not be subjected to mathematical analysis. In such cases, subjectivity & manager‘s experience, judgment and intuition are important to select the most viable alternative.
– Sometimes a combination of plans may be selected instead of one best course.

6. Implementing The Plan
– Concerned with putting the plan into action.
– For implementing the plans, managers start organizing & assembling resources for it.
– E.g. If there is a plan to ↑ production, then more labour, more machinery will be reqd. This step would also involve organizing for more labour and purchase of machinery.

7. Follow Up Action
– This involves monitoring the plans and ensuring that activities are performed according to the schedule.
– Whenever there are deviations from plans, immediate action has to be taken to bring implementation according to the plan or make changes in the plan.
  • 1 answers

Riya Jain 7 years, 1 month ago

Personal objectives are that which is related to an individual. Like, Better space of working Good salary Mental satisfaction etc.
  • 1 answers

Riya Jain 7 years, 1 month ago

Stop consumer exploitation Educate consumer Provide Rights to consumer
  • 2 answers

Sahin Kulsum 7 years, 1 month ago

More Dept capital is favarable till rate of return is more than rate of interest

Gaurav Seth 7 years, 1 month ago

The inclusion of the fixed cost capital (debt capital and preference share capital) along with equity share capital in the
capital structure is called financial leverage. With the increase of financial leverage the ratio of cheap capital in the total
capital of the company increases. Consequently, the total capital cost decreases and the company is in a profitable
situation.
  • 1 answers

Gaurav Seth 7 years, 1 month ago

<th>BASIS FOR COMPARISON</th> <th>AUTHORITY</th> <th>RESPONSIBILITY</th>
Meaning Authority refers to the power or right, attached to a particular job or designation, to give orders, enforce rules, make decisions and exact compliance. Responsibility denotes duty or obligation to undertake or accomplish a task successfully, assigned by the senior or established by one's own commitment or circumstances.
What is it? Legal right to issue orders. Corollary of authority.
Results from Formal positon in an organization Superior-subordinate relationship
Task of manager Delegation of authority Assumption of responsibility
Requires Ability to give orders. Ability to follow orders.
Flow Downward Upward
Objective To make decisions and implement it. To execute duties, assigned by superior.
Duration Continues for long period. Ends, as soon as the task is accomplished.
  • 1 answers

Mohd Shariq Ms Raza 7 years, 1 month ago

ITC Limited
  • 1 answers

Vansh Rastogi 7 years, 1 month ago

1)Training is job oriented while development is career oriented ___ 2) Training enhances the skills required for the job while Development focusses on overall personality enhancement ___ 3) Training is a narrower as compared to development while Development is broader as compared to training.
  • 4 answers

Shreya Raj 7 years, 1 month ago

coordination is a continuous process of management which ensures the smooth functioning of business.

Riya ? 7 years, 1 month ago

Synchronization of efforts in all the activities of departments

Cbse Student 7 years, 1 month ago

Coordination team work

Alka Kumari 7 years, 1 month ago

Coordination means दो या दो लोगो से अधिक व्यक्तियों के बीच तालमेल बैठाना।
  • 4 answers

Vansh Rastogi 7 years, 1 month ago

It is the first question of Cbse 2019 sample papers Correct answer is *Management* You may also download Marking scheme (solution) provided with paper.

Mohd Shariq Ms Raza 7 years, 1 month ago

effectively and efficiently

Cbse Student 7 years, 1 month ago

Mgnt..

Sakshi Malhotra 7 years, 1 month ago

Management
  • 2 answers

Shreya Raj 7 years, 1 month ago

management is the process of getting things done through others for achieving organisational objectives efficiently and effectively.

Alka Kumari 7 years, 1 month ago

Anything minus(-)management is zero (किसी भी क्रिया में से प्रबंध को घटा दिया जाए तो जीरो(शून्य)बचता है।
  • 1 answers

Mohd Shariq Ms Raza 7 years, 1 month ago

ITC Limited
  • 3 answers

Shreya Raj 7 years, 1 month ago

A Good Salesman is someone who is knows how to satisfy a client's needs. They're attentive and enthusiastic. They are good listeners. They're comparative and confidence in nature. They believe that the product or service they're selling is essential.

Vansh Rastogi 7 years, 1 month ago

You study from Ankita Jain ma'am's videos ?

Kanu Singh 7 years, 1 month ago

SO PTM- thus us the mnimonic i have S-social quality O- other qualities-good memory honesty etc P-physical quality T- technical knowledge M- mental quality
  • 1 answers

Akash Chandra 7 years, 1 month ago

Bbjko
  • 3 answers

Shreya Raj 7 years, 1 month ago

anything- management= zero/nothing/failure. here, by anything it means all the activities whether business or non business. in other words management is needed everywhere whether it's related to business or not. management is a continuous process and activities like planning, organising, staffing, directing, controlling are a part of management. if we didn't perform any of these activities then our result will be zero.

Vansh Rastogi 7 years, 1 month ago

management is needed everywhere, Therefore anything minus mgmt is zero. That is anything without mgmt is useless.

Mohd Shariq Ms Raza 7 years, 1 month ago

to managed the all activities is =0 it's a simple
  • 3 answers

Shreyank Verma 7 years, 1 month ago

Think as you have to perform this task in your business

Vansh Rastogi 7 years, 1 month ago

Make Ncert your "Bible"

Mohd Shariq Ms Raza 7 years, 1 month ago

because you prepare better focus on chapter you will acchive gud marks
  • 2 answers

Komal Sharma 7 years, 1 month ago

At the time of planning, Managers are required to make certain assumptions about the future,which are the base materials upon which plans are to be drawn. These assumptions are know as planning premises

Gaurav Seth 7 years, 1 month ago

Planning premises means systemic and logical estimate for the future factors affecting planning.

According to Dr.G.R.Terry ,”planning premise are the assumptions providing a background against which the estimated events affecting the planning will take place”

  • 2 answers

Cbse Student 7 years, 1 month ago

Thnq

Komal Sharma 7 years, 1 month ago

Delegation refers to transfer of authority responsibility n accountability from superior to its immediate subordinate. Centralisation refers to retaining of decision making authority in the hands of top level managers of a business. Decentralisation refers to transfer of authority responsibility n accountability throughout all the levels of an organisation
  • 2 answers

Shreya Raj 7 years, 1 month ago

there are total 14 fundamental principles of management. 1. division of work 2. authority and responsibility 3. discipline 4. unity of command 5. unity of direction 6. subordinate of individual to general interest 7. remuneration to employees 8. decentralisation and centralisation 9. scalar chain 10. order 11. equity 12. stability of personal 13. initiative 14. esprit de corps

Mohd Shariq Ms Raza 7 years, 1 month ago

all are 14
  • 2 answers

Sajal Agarwal 7 years, 1 month ago

But it is also a money and capital market instrument. How can be possible

Vansh Rastogi 7 years, 1 month ago

Primary market : 1 Treasury bill 2 commercial paper 3 call money 4 commercial bill 5 (one more I'm not remembering). . . . Secondary market Equity share, pref shares , debenture , bonds etc
  • 1 answers

Bhavya Nagpal 7 years, 1 month ago

Distribution of authority among subordinates
  • 2 answers

Gaurav Seth 7 years, 1 month ago

(a) Profit Sharing

Sometimes the employees are given a share in the profits of the organization. This motivates them to perform efficiently and give their best to increase the profits of the organization.

(b) Bonus

It is a sum of money offered to an employee over and above the salary or wages as a reward for his good performance.

(c) Job Security

Job security provides future stability and a sense of security among the employees. The employees are not worried about the future and thus work with more enthusiasm. Owing to the unemployment problem in our country, job security works as a great incentive for the employees. However, there is also a negative aspect of this incentive that employees tend to take their job for granted and not work efficiently.

Kamlesh Beniwal 7 years, 1 month ago

Please give answers
  • 1 answers

Vansh Rastogi 7 years, 1 month ago

You mean Case studies ?
  • 2 answers

Sanjay Khare 7 years, 1 month ago

Because debt have fixed rate of interest

Sarang Rb 7 years, 1 month ago

Debt is an external liability whereas equity is owner's funds
  • 1 answers

Sarang Rb 7 years, 1 month ago

Ok
  • 0 answers

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