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The Government of India in its budget for the financial year of 2021-22 reiterated its support for Electric Vehicle sector. The Government launched several schemes and incentives to boost their demand as well as to motivate manufactuers to invest in the same. Inspired by these incentives and concerned about the environmental impact of gas and dieselpowered engines, Nitin Kothari has set up an electric car manufacturing unit at Bhilwara. He set a target of earning Return on Investment of 10 %
The above case highlights the first two steps of the process of one of the important functions of management.
The above case highlights the first two steps of the process of one of the important functions of management.
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Question : 44
Total: 45
Identify the function of management discussed above.
Solution:
Planning is the managerial function discussed in the given case study. "Planning is an intellectual process, conscious determination of course of action, the basing of decision on purpose, facts and considered estimates.".
"Planning is deciding in advance what is to be done, when it is to be done, how it is to be done, and by whom it should be done".
"Planning is deciding in advance what is to be done, when it is to be done, how it is to be done, and by whom it should be done".
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