Managers have to take several decisions ...

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.

Text Solution

Verified by Experts

Scientific approach

Topper's Solved these Questions

PRINCIPLES OF MANAGEMENT
ARIHANT PUBLICATION|Exercise CHAPTER PRACTICE (SHORT ANSWER TYPE QUESTIONS)|36 Videos
PRINCIPLES OF MANAGEMENT
ARIHANT PUBLICATION|Exercise CHAPTER PRACTICE (LONG ANSWER )|13 Videos
PRINCIPLES OF MANAGEMENT
ARIHANT PUBLICATION|Exercise CHAPTER PRACTICE (MULTIPLE CHOICE )|15 Videos
PLANNING
ARIHANT PUBLICATION|Exercise CBSE EXAMINATIONS ARCHIVE ( LONG ANSWER)|13 Videos
PROJECT WORK
ARIHANT PUBLICATION|Exercise Sample(Question Paper-5) Section : E|5 Videos

Similar Questions

Explore conceptually related problems

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.

ARIHANT PUBLICATION-PRINCIPLES OF MANAGEMENT-CHAPTER PRACTICE (VERY SHORT ANSWER )

What is the main objective of simplification in Scientific management?
Text Solution
|
How is Taylor's perception different from Fayol's ?
Text Solution
|
How is Taylor's concern different from Fayol's?
Text Solution
|
State the role of 'speed boss in functional foremanship
Text Solution
|
State the role of gang boss in functional foremanship
Text Solution
|
State the role of 'inspector in 'functional foremanship
Text Solution
|
State the role of 'route clerk' in functional foremanship.
Text Solution
|
"The principles of management are different from those of pure science...
Text Solution
|
Give any one difference between management principles and values.
Text Solution
|
Rajat, the production manager of Auto India Ltd, passes on instruction...
Text Solution
|
Managers have to take several decisions in a day, but the best decisio...
Text Solution
|
Management principles help the managers to learn from their mistakes a...
Text Solution
|
It has been observed that prevailing situation in an organisation is d...
Text Solution
|
Which principle of management aims at securing the loyalty and devotio...
Text Solution
|
Sales person is asked to finalise a deal with a customer. The marketin...
Text Solution
|
Which principle of management is violated, if a subordinate is asked t...
Text Solution
|
Reena and Meena are working in the same organisation. They have simila...
Text Solution
|
Following which principle of management, will minimise need of using p...
Text Solution
|
Once selected, employee should be kept at their position for a minimum...
Text Solution
|
Workers should be encouraged to develop and carry out their plans for ...
Text Solution
|