Q. "Shiv Shakti Ltd." keeps constant vigil over business environment and studies it. During the course of this study , he noticed a considerable fall in bank interest rate. On the basis of this information , CEO of the company , Mr. Rajan Aggarwal anticipated rapid rise in demand for his products. Consequently , company decided to produce more than the normal production . Company also decided to take special care of the health and safety of the people and to keep the profits at low level while fixing the price of the products.
To achieve its objective of increase in production , company will need 50 additional workers. Similarly , company will also require some more managerial staff. Regarding appointment of the employees, it is the desire of the company to recruit such like youngmen as are a fully familiar with the new and modern ideas. No matter they may have less experience.Mr Ram Oberioi, H.R. manager of the company, arranged the requisite staff. It was brought to the notice of Mr. Oberoi that some other the machine operators needed training .He set-up a training centre for this purpose. In this training centre, a trainer imparted them one-,month training. Thus by adopting these measures, company achieved its objective of large - scale production.
(a) Quoting the lines identify the component of business environment.
(b) Quoting the lines identify the 'objective of management'.
(c) Company will get different kinds of persons from which sources of recruitment ?
(d) Which training method is being used by company?