Managers have to take several decisions in a day, but the best decision is to, use available resources in a cost effective manner. Identify the approach behind this decision.

Micros Ltd manufactures mobile phones for domestic as well as international markets, enjoying a good market share. But, lately, it has been experiencing problems because targets could not be met. It is therefore, planning to revamp its controlling system and take other steps necessary to rectify the problems, it is facing. Identify the probable benefits of this decision.

Samir Gupta started a telecommunication company, 'Donira Ltd'. To manufacture economical mobile phones for the Indian rural market with 15 employees. The company did very well in its initial years. As the product was good and marketed well, in its initial years. As the product was good and marketed well, the demand of its products went up. To increase production, the company decided to recruit additional employees. Samir Gupta, who was earlier taking all decisions for the company had to selectively disperse the authority. He believed that subordinates are competent, capable adn resourceful and can assume responsibility for effective implementation of their decisions. This paid off and the company was not only able to increase its production but also expanded its product range. (a) Identify the concept used by Samir Gupta through which he was able to steer his company to greater heights. (b) Also explain any three points of importance of this concept.