Question

Rajesh fireworks is concerned about the declining demand of firecrackers which are locally made. The firecrackers from forsign countries are occupying the market at a very fast rate and the main concern is the rate at which this domination is taking place which will require the company to adapt fast. The board members of the company sat for an important meeting. They have decided to create a special analysis team to find a suitable course of action and training guidelines for the sales team. All this will take its own course of time. During last few months the company has been doing a lot internal improvement as far as the relationship between the workers and the management. The management is now always ready to listen to important suggestions by the employees and give reward to them and thus they contribute in decision making. The general environment in the company is of happiness. The salary of the employees is fair to both the management and the employees. This has helped the organizon achieve its targets in the recent past. The organization with the starting of the new quarter is now determining in advance the strategy to meet tough competition present in the market. The company knows it will have to set objectives clearly so that the employees have confidence. after achieving them, a) Which benefits of business environment have been highlighted in the above case? (2M) b) Which principle of Taylor is highlighted in the above case? (1M) c) Which principle of Fayol is followed in the above case? (1M) d) Which function of management comes into picture in the later part of the case? (1M) e) Which value has the company tried to inculcate in its employees? (1M)​

Answer 1

Answer:

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