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Explain first three steps in the proces
'Moon Light Pvt. Ltd. was manufacturing good quality LED bulbs and catering to local
market. The current production of the company is 1000 bulbs a day. Rohan, the
marketing manager of the company surveyed the market and decided to supply the bulbs to
five-star-hotels also. He anticipated the higher demand in future and decided to buy a
sophisticated machine to further improve the quality and quantity of the bulbs produced.
Identify the factor affecting fixed capital requirements of the company.
Answers
Answer:(a) Staffing and controlling.
(b) Steps in staffing:
(i) Estimating manpower requirements: It involves knowing how. many persons are needed and of what type.
"To meet the increased ............................. subordinates under each head."
(ii) Recruitment: It involves searching for prospective employees and stimulating them to apply for jobs in the organisation.
"All efforts ware made .................. nature of work."
Steps in controlling:
(i) Comparison of actual performance with the standards: It would reveal the deviation between actual and desired results.
"It was found that the target .................... met by the employees".
(ii) Analysing deviations: It helps to find out the causes of deviations.
"On analysis, it was found ..................... were needed."
(c) Values which the company wants to communicate to the society:
∙∙ Using environment friendly method of production.
∙∙ Women empowerment.