Three friends jointly set up "Himalaya Limited". Of the three; one was
management expert, second was an engineer and third was a businessman.
Company was established in a hilly area where large numbers of people were
unemployed. Main objective of the company was to make popular variety of
apples that was grown using a new seeds across the country. Mr. Sahedeb,
the MD of the company, took, upon himself the responsibilities of doing this
job. He selected those areas where the company was to entre in the first
instance. The entire business was divided into five departments i.e.
purchase, marketing, production, finance & personnel. Persons with requisite
qualification where appointed in all departments. Special arrangements were
made to keep a close watch on different activities of the company, so that
there was no short fall in quality. Company has entered five states. Of these,
sale in four was as per expectation, but in one it was far less than desire. It’s
reasons were enquired into. Thus the company achieved the desire success
in the very first year.
a) Identify the functions of management on the basis of above paragraph by
quoting the lines.
b) Explain any one of the function of the management.
Answers
Answer:
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The functions of management are :-
Planning - He selected those areas where the company was to entre in the first
instance.
Organizing - The entire business was divided into five departments ie purchase, marketing, production, finance.
Staffing - Persons with requisite qualification where appointed in all departments.
Controlling - Special arrangements were made to keep a close watch on different activities of the company, so that there was no short fall
b) Planning: Thinking in advance what to do, when to do, and who is going to do it. It bridges the gap between where we are and where we want to reach.