Question

3. Adarsh is trying to reduce wastage of resources in his company. He is trying to do it in the best possible manner. He has set standards for performance of different types of activities and is doing his level best to perform according to these set standards to minimise wastage of resources. Things are not going to be over for him as he will have to look into other aspects too. He has set up a good monitoring system which helps him know how to employees ate performing according to set standards as when the employees meet these standards they will be given incentives. He is hoping to pull out a good performance from his team this year. (a)Which function of management has been referred to in the above case? (b)Which benefits of this function of management have been highlighted in the above case?

Answer 1

Explanation:

a) last function of managementControlling- controlling is the process of comparing set standard with actual performance .

b) 1. minimize wastage

2. judging the accuracy of setting standard

3. controlling is looking forward as well as backward looking

Answer 2

In the given passage since standards are mentioned thus controlling needs to be followed.

a) The management function that Adarsh needs to follow is Controlling

b) Benefits of Controlling are -

• It aids in the efficient use of resources. He has established performance criteria for tasks and is trying to adhere to these standards in order to reduce resource waste.
• It encourages employees to perform better.
• He has put up an efficient monitoring system allowing determination of how the staff is performing in relation to defined standards. When they reach requirements, they are rewarded.