Jacksons India Ltd.' is the manufacturer of automobile engines. The company imparted training to its engineers at an advanced training centre at Germany. It sells its engine sets throughout the country. The company had a substantial market share and had a loyal customer following because of the quality products. From the last financial year the company had been unable to achieve its targets because of competition in the market. The company is planning to revamp its controlling system.
(i) Identify the concepts of management involved in the above para.
(ii) Explain the steps of the revamped controlling process to be followed by the
Company to solve this problem.
Dear student,
The concepts of management that are being described are planning, staffing and controlling.
In order to revamp the controlling process the organisation must analyse the deviations and identify the cause for it. Suitable corrective actions must then be taken in order to ensure that the errors do not occur again.
The concepts of management that are being described are planning, staffing and controlling.
In order to revamp the controlling process the organisation must analyse the deviations and identify the cause for it. Suitable corrective actions must then be taken in order to ensure that the errors do not occur again.