During partition, Kundan Lal came to Mumbai from Lahore with a lot of wealth. Keeping in view his innate ability to visualize and create things, he decided to work as a junior assistant in a film studio. Over a period of time, as he gained experience and his work was well acclaimed, he decided to set up his own film studio. Initially he was himself looking into every aspect of the business, but as his work increased manifolds and his own productivity reduced with age, he hired Jummy as manager. Jimmy being immature in his work started giving bookings for the studio haphazardly. He would never decide anything in advance or do any kind of forecasting of events. This led to lot of confusions and conflicts. As a result, the goodwill earned by Kundan Lal over the years began to decline In context of the above case: 1. Identify and explain the function of management which Jimmy failed to perform by quoting lines form the paragraph. 2. Describe briefly any two features of the function of management as identified in part (a).. ( 3 MARKS)
Answers
Explanation:
1) Jimmy failed to first understand the concept of proper organisation of events and not conducting anything in advance so that smooth functioning of the events could be done. Kundan Lal, being the startup leader of owning a film studio, should have worked with Jimmy in a collaborative manner for the proper management of the events.
2) There are many features of managing an event or proper arrangement of any event. Some of them are as follows:
a) Management is a continuous and never ending process: The management process involves four functions for the proper task completion - Planning, Organizing, Directing and Controlling.
b) Management is result oriented because it gives a lot of importance to "Results". Increment in market share, gain in profits, etc. are such examples of Results.