Question

Simplex limited had been taken over by Mundhra Group immediately following

India’s independence. Since then it enjoys a rich record of industry presence and

experience. In 2005, with the aim to accelerate growth the company had gone

through several rounds of meetings and discussions before launching ERP system

to attract large projects. The management had done effective forecast and critical

thinking regarding allocation resources to reduce wastage. For this purpose the

company had laid down multiple courses of action to meet the challenge of

adverse situations. In 2008, the company suffered loss in many projects due to the

great recession despite taking many cost cutting measures. The management had

taken utmost care regarding the possible outcome and timely review of the plans

to achieve the set target during that hard time. In 2010 the system implemented

successfully which subsequently helped the company to execute numerous

projects with precision and timeliness. “In 2005, with the aim to accelerate growth the company had gone through several

rounds of Meetings and discussions.” What is the objective mentioned here

according to the process stated here?

A. Developing Premises

B. Growth & development

C. Launching IT enabled system

D. Cost cutting.

Q.2 “In 2008, the company suffered loss in many projects due to the great recession

despite taking many cost cutting measures.” Which limitation of the management process is indicated here?

A. It fails to cope with sudden changes

B. It involves huge cost

C. It requires critical thinking D. Need to construct multiple action plans​

Answer 1

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Answer 2

Ques 1.) B. Growth & development

Ques 2.) B. It involves huge cost

In this question,

• It had been stated in the question, that aim of the company was to move steps forward in the race of development and growth for the company making a well-analyzed and well-backed plan to launch the ERP System. ERP is full-formed as Enterprise Resource Planning System.
• Enterprise resource planning system (ERP) refers to a type of software that is used by organizations to manage and plan day-to-day business and operational activities such as bookkeeping, accounting, procurement, project management and allocation, risk management and compliance, and study of other factors, and supply chain operations and target markets and latest market trends and demand.
• Time proceeded to the launch of the system, the company suffered huge losses due to the great recession and high costs.
• The company decided to launch the new ERP system in 2010 which was a great success and the company was able to execute the plan correctly and made huge profits henceforth.

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