Ajanta Garments Limited manufactures readymade garments. The manager wants to increase profit by:
Ajanta Garments Limited manufactures readymade garments. The manager wants to increase profit by:
(a) Purchasing new high speed machines or
(b) Increasing the sales price or
(c) Using the waste materials in manufacturing stuffed toys.
The manager decided that using the waste materials in manufacturing stuffed toys is the best option for him.
(i) Identify the management function involved.
(ii) Mention the steps involved in the above function by quoting the lines from the above.
(iii) To complete the function identified in (i)
what further steps the manager should take?
1 Answers
(i) The function of management involved is planning.
(ii) Steps involved in the function are:
(a) Setting objectives: Wants to increase profit.
(b) Identifying alternatives: Purchasing new high speed machines, increasing sales price or using the waste materials in manufacturing stuffed toys.
(c) Selecting the best alternative: Using waste materials in manufacturing stuffed toys.
(iii) To complete the function identified in (a), the manager should take the following steps:
(a) To implement the plan of manufacturing stuffed toys using waste materials.
(b) Follow-up action to ensure that the plan is implemented effectively.