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study
Principle of
management II
9/03/2011
Submitted to
Mr. Glenn Brass
Submitted by
Ritesh Verma
246
1. Suppose you are the consultant who has been invited to do the job, explain
the approach you would take to reinforce Ravis confidence about stabilizing
the organization?
Answer- if I would have been invited to the job the things Ill do to reinforce
the ravis confidence are1) Selection of employee- Selection of a new employee is one of the
important task for an organization. Sometimes potential employee doesnt
give the effective result. For the select the candidates who know that job
better and give an effective result.
2) Follow the vision - As Ravi started the company with the vision in mind
that one day he will be launch the bansal model of cars. So Ill make a
strategy to achieve the goal.
3) Follow the same culture of organization- As it was mention that Ravi
started the company with the one room factory and now it will supply the
big car giants in the market so the culture and rules that was followed that
time I ensure that it also follow the same. Nothing is permanent except
the change, Ill change in some rules but the culture will be the same of
the company.
4) Meetings/discussion- As Mr. Ravi was talking to its each employee and
gave them the confidence and motivation Ill ensure that once in a 15
days there will be a meeting between the managers and the employee
and once in a month a meeting between the board of members and
managers so that they will get to the progress and problem of employee
so that the understanding between the employee will be increase about
the work.
5) Motivation by incentive - motivation is important key to increase the
effective productivity. To motivate the employees Ill make an incentive
scheme so that employees will get benefited and they do work most
effectively and the profit of the organization will be increase (ex. Incentive
for the marketing if they will sell more than 2 lakh V-belt they will get 10%
more salary).
6) IPO- initial public offering, a multinational company should be register
in the stocks so Ill listed the company in the stock so that not only the
venders but the people belief will be increase towards the company.
7) Marketing- In todays scenario marketing and advertising/PR is the very
much important. So Ill ensure that our company having the best
marketing plans amongst the competitor so that our venders strongly
believe in the company.
8) Effective productivity- In todays world the consumer is looking for the
effective product by giving them training about technology, this will
improve their efficiency and they will produce effective product.
Threats
1) The director has no control over the employees.
2) New and inexperience management.
3) As they opened a factory and a R&D in Malaysia, Adjustment of old employee to can be a threat for the
company.
4) Competition can be threat for the company. More and more companies are coming in the same segment.