Question

A23. A production supervisor has just introduced a technique to decrease the cost of inventory. How do we describe this production supervisor’s work output?

A24. Which management function does a boss perform when he gives commendation to his staff so that his staff will work harder?

A25. A supervisor always shouts to his subordinates to do their jobs. He does not listen to subordinates’ feedback on their difficulties in their jobs. Which management skills should this supervisor improve?

A26. “Managers are directly responsible for an organisation’s success or failure”. This statement reflects what kind of view of management?

A27. Med Factory selling health products decides to add two new product lines in view of the increasing number of old people in Japan in the coming few years. Which component in the external environment does this change represent?

Answer 1

A23.One of the efficient methods used by the management for maximizing the profit is COST REDUCTION. In the given case the supervisor has adopted cost reduction method. It is the reduction in unit cost of the product without compromising on the quality of the product. It is a corrective action

A24. Leading is one of the management functions. It involves motivating employees , influencing employees and forming into effective groups.

When a manager commends his staff so that it will work harder , it means he is motivating and influencing his staff towards attaining the goals and objectives of organisation.

A25. Directing is one of the management function which involves the manager telling the sub-ordinates about how to perform their jobs assigned. Some of the sub functions of Directing are

1. Communication - Instruct your sub-ordinates about how to do and when to do

2. Guiding – Showing the right way to perform their jobs

3. Inspiring them to work harder for attaining the organisation goals

4. Exercising the supervision over the subordinates to ensure that work has been performed as prescribed.

A26 .It is an Omnipotent view of management which says that managers are directly responsible for an organisation’s success or failure. As per this view the performance of the organisation is influenced by the performance of managers. Quality of organisation is dependent on the quality of manager.

A27. Just like human beings , business also does not function in an isolated vacuum. It interacts with the relevant environment and negotiate their way through it. There are two types of environmental forces

1. Macro Environment - General environmental forces which affects all the firms also termed as external environmental factors.

2. Micro Environment - These are specific forces to the said business or firms.

The given case is about the Demographic environment which is one the factors of Macro environment. Some of the demographic factors have great impact on the business.

Factors such as general age profile, sex ratio, education and growth rate affect the business with different magnitude. Business is also considered with population size and age structure. The given case impacts the population size.