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Write names of two functions each of the levels or tenets of management engaged in : A) Overseeing the activities of the workers, B) Taking Key Decisions.?
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Overseeing the activities of the workers:
• Planning: Planning is a crucial function at the managerial level where managers are responsible for setting goals, establishing strategies, and developing plans to achieve them. Two functions involved in planning are goal setting and resource allocation. Goal setting involves defining objectives for the team or organization, while resource allocation involves distributing resources effectively to achieve those goals.
• Organizing: Organizing involves arranging tasks, responsibilities, and resources to ensure the successful completion of objectives. Two functions within organizing are departmentalization and delegation. Departmentalization involves grouping activities into departments based on similarities in tasks or skills, while delegation involves assigning authority and responsibility to employees to carry out tasks effectively.

Taking Key Decisions:
• Leading: Leading is a critical function where managers guide, motivate, and communicate with employees to achieve organizational goals. Two functions involved in leading are communication and motivation. Communication ensures that information flows effectively within the organization, while motivation encourages employees to perform at their best.
• Controlling: Controlling involves monitoring performance, comparing it to established goals, and taking corrective actions when necessary. Two functions within controlling are performance evaluation and feedback. Performance evaluation involves assessing employee performance against set standards, while feedback provides employees with information on their performance to help them improve.
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Mr. Gul Muhammed set up a factory for manufacturing parts of washing machines in his village after completing his education of MBA. This gave employment to about 50 people of his village. The scale of Gul Muhammad’s business was small. He had kept all the decision taking rights  with himself so far as the different business activities are concerned. Mr.Akbar Shah, the Sarpanch of the village, had helped him a lot in setting up the factory. He often happened to meet Mr.Shah. Many a time he saw Mr.Shah working as the Sarpach. During this course the special thing that e observed was that all the rights of spending the grant given by the government fr the welfare of the village were with the Panchayath only. Mr.Gul compared this situation with his own business and concluded, “The government has given all the decision taking rights to its subordinate ie village panchayath, whereas all the decision taking rights he has kept with himself instead of giving them to his subordinates.”Mr Gul thought deeply over this situation and arrived at this conclusion, “Because the Government is a very bg organization, it is imperative that the decision taking rights be given up to the lower level. On the other hand, the scale of his business is very small, hence he can easily take all the decisions himself. And as the scale of his business grows, he too will hand over the rights f decisions to his subordinates.”Identify and explain the principles of management described in the paragraph given above.Identify any one value in the paragraphs given above which through business has influenced the society. Related: Chapter Notes - Principles Of Management?

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Write names of two functions each of the levels or tenets of management engaged in : A) Overseeing the activities of the workers, B) Taking Key Decisions.?
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Write names of two functions each of the levels or tenets of management engaged in : A) Overseeing the activities of the workers, B) Taking Key Decisions.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Write names of two functions each of the levels or tenets of management engaged in : A) Overseeing the activities of the workers, B) Taking Key Decisions.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Write names of two functions each of the levels or tenets of management engaged in : A) Overseeing the activities of the workers, B) Taking Key Decisions.?.
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