Demand for LED TVs are increasing day by day. Thus, TV manufacturers have started making LED TVs instead of LCD. Identify the significance of business environment being portrayed in the given case.

Saurabh decided to start a chocalates manufacturing business. He set the target of earning 10% profit on sales in the first year. As a good businessman, he was concerned about the future of the business, which was uncertain. He gathered information that the demand for chocalates is increasing day by day. He used this information as the base for future planning and shared it with his team. On the basis of the gathered information, he decided a meeting in the following week to find innovative ways to achieve the objectives. List the first two steps, which have been followed by Saurabh that are related the process of one of the functions of management.

Mamta Rice Food Ltd.' is as well known rice producing company. The sales have been falling down from the beginning of the year. The managing director Mr. Bhuvan is worried about this situation. With a view to find out the solution of this problem he made a team to find out the reasons for downfall of sales. the team conducted the survey and gave following four reasons for the downfall of company's sale. (i) On account of increase in export duty made by the government, the foreign demand has gone down. (ii) Due to availability of other eatable substitute the taste of people is diverted from rice. (iii) The competitor's importance new technology machine and are producing better quality rice. (iv) Due to strain with neighbouring country's government and our country's government export is effected. Identify the dimension of business environment discussed in the above case.

Rahul decided to start a desert cooler manufacturing business. He sets the target of earning 20% profit on sales in the first year. He was very much concerned about the future prospects of the business, which were uncertain. For this, he gathered information from the potential market and analysed that the demand for wall-mounted coolers is increasing day by day. He used this information as the base for future planning. On the basis of the gathered information, he called a meeting in the following week to find new methods to achieve the objective. (a) Idnetify the function of management involved in the above case. (b) Enumerate the next two steps, which have been followed by Rahul that are related to the process of one of the functions of management.

In today's dynamic businesses environment, companies are specialising in their core competency and divesting non-core businesses. In this context, one may city decision of Hindustan Unilever Limited in divesting non-core businesses of chemicals and seeds. Some companies are outsourcing their non-core activities like share-transfer management and advertising to outside agencies. So much so, that even core processes such as R&D, manufacturing and marketing are being outsourced today. Thus, significance of 'Business Process Outsourcing' (BPO) and 'Knowledge Process Outsourcing' (KPO) has increased. (a) Identify the significance of principle of manugement highlighted above. (b) Identify and explain the principle of management followed by the companies which are outsourcing their non-core and core activities.

Mr. Prakash Chopra, General Manager of M//s Kwality Enterprises (Leather bags manufacturing company) retains complete authrity over all activities of the business. No decision-making power is given to the subordinates. As a result, Mr. Prakash is always engaged in day-to-day operational activities and is unable to concentrate on core issues of the company. Identify the management principle violated by Mr. Prakash Chopra.

Anupam joins as a sales manger of a company dealing with garment manufacturing. Being professional in his approach,he knew that without good planning he will not be able to organise or perform any other managerial function affectively or efficiently. Only on the baside he will have to prepare sales plan regularly on weekly, monthly, quarterly and half yearly basis. While preparing the sales forecast, he undertakes intellectual thinking, involving foresight visualisation rather than guess work and he has to make sure that all these, planning activities coincide with the purpose for which business is being carried out. In the context of the above case identify the various features of planning highlighted in the above para by quoting lines from it.

Alpha Ltd. Was engaged in business of garment manufacturing and selling its products uder a popular brand. The demand for their product was increasing. In order to keep the market share in short run, the company directed its existing workforce to wirk overtime but this resulted in many problems. Due to increase pressure of work the eficiency of workers declined. Sometimes workers worked under more than one superior. The departments which were producing one product where asked to produce more than one type of products. This resulted in lot of overlopping and wastage. The workers were becoming indisciplined.The spirit of team was also reducing. Workers were feeling cheated and their morale was declining. The quality of garments started declining and mrket share decreased. Based on this case answer the following questions: Identify which principles of Henery Fayol were violated in above case.