MTP Assignment
MTP Assignment
MTP Assignment
INTRODUCTION
Raj is working in an MNC which deals with FMCG, the organisation in which he is
working is facing lot of isssues currently, being appointed by directors of organisation
he is under obligation to solve all the problems which organisation is facing in order to
improve current situations and to achieve organisation objectives effectively and
efficiently .
Case No1:-
Introduction
Internal Communication:-Internal communication is the transmission of
information within an organization. Internal communication is a lifeline of a business. It
occurs between an employer and an employee. It is communication among employees.
Internal communication is the sharing of the information, knowledge, ideas, and beliefs
between the members of the company. Internal communication can be formal or
informal. Internal communication is the future of work. Whether you are growing a small
or a large business, your internal communication has a direct impact on your company’s
success.
Conclusion
Solution to above problem is that medium of internal communication should be
decreased. As we have seen in above case employees deployed lot of their productive
time in unproductive activities which ultimately had hampered employees as well as
organizational productivity and leads in wastage of resources ,since good internal
communications strategy ensures that everyone at an organization is aware of and
aligned with the core purpose of an organization therefore internal communication is
important in every organisation but the channels of internal communication should be
less so that employees are more engaged in productive work rather than wasting time in
replying to same messages from multiple sources.
Case No 2:-
Introduction
Importance of Environment For Business:-A business can
be established, but to successfully sustain a business, the business needs resources
like finance, for which it has to depend on financial institutions. Then there are natural
resources and raw material, for which it has to depend on Nature/ Environment. There
is a symbiotic relationship between business and its environment and among the
environmental factors. In other words, business is influenced by its environment and in
turn, to a certain extent, it will influence the external forces environment. Since Business
depends upon environment for natural resources and raw materials therefore it is moral
obligation of business to give back to environment in form of forest conversation, animal
husbandry and environment protection, prevention from harmful gases release from
industries.
Conclusion
Solution to above problem is that such organisations where employees are unnecessary
taking lots of print out should use password protective printers so that only authorized
person can take out prints of necessary documents. Business enterprises should take
lead in solving environmental issues. It is their responsibility to check the consequences
of their actions and also to protect environmental resources.
Case No 3:-
Introduction
Coordination:-Coordination is the force that binds all the other functions of
management. It is a process by which the manager achieves harmonious group effort
and unity of action in the pursuit of a common purpose. The manager brings about this
process as he performs the basic managerial functions of planning, organising, staffing,
directing and controlling. Coordination is the essence of management or manager ship,
for the achievement of harmony of individual effort towards the accomplishment of
group goals is the purpose of management.
Case No 4:-
Introduction
Unity of Command:- Unity of Command means getting orders/ command
from only one supervisor .This principle states that an individual should get orders from
a single superior so that he does not get confused and can discharge his duties
effectively. This principle advocates that only one boss should give order to an
individual so that he can understand what to do and can perform systematically with
greater efficiency. If more than one boss will instruct an individual, he will certainly get
confused about his responsibility and will not be able to perform even a single activity
because he faces the dilemma of “whom should he follow?”
Case No 5:-
Introduction
Inventory Mangement :- Inventory management involves planning
organizing and controlling the flow of materials from their initial purchase unit through
internal operations to the service point through distribution. Inventory constitute one of
the largest and most tangible investment of any retailer or manufacturing organization.
Intelligent inventory management strategies can not only help boost profit but they can
mean the difference between a business thriving or barely surviving. Holding inventories
at the lowest possible cost and giving the objectives to ensure uninterrupted supplies for
on-going operations is the aim of inventory management.
nventory management
involves planning organizing
and controlling the flow of
materials from their initial
purchase unit through
internal operations to the
service point
through distribution (Smaros, et
al., 2003).
Inventory constitute one of
the largest and most
tangible investment of any
retailer or
manufacturing organization.
Intelligent inventory
management strategies can not
only help
boost profit but they can mean
the difference between a
business thriving or barely
surviving.
Holding inventories at the
lowest possible cost and
giving the objectives to
ensure
uninterrupted supplies for on-
going operations is the aim of
inventory management. “When
making decisions on inventory,
management has to find a
compromise between the
different
cost component, such as the
cost of supplying inventory,
inventory holding cost and
cost
resulting from sufficient
inventories”
nventory management
involves planning organizing
and controlling the flow of
materials from their initial
purchase unit through
internal operations to the
service point
through distribution (Smaros, et
al., 2003).
Inventory constitute one of
the largest and most
tangible investment of any
retailer or
manufacturing organization.
Intelligent inventory
management strategies can not
only help
boost profit but they can mean
the difference between a
business thriving or barely
surviving.
Holding inventories at the
lowest possible cost and
giving the objectives to
ensure
uninterrupted supplies for on-
going operations is the aim of
inventory management. “When
making decisions on inventory,
management has to find a
compromise between the
different
cost component, such as the
cost of supplying inventory,
inventory holding cost and
cost
resulting from sufficient
inventories”
Concept and Application
In M/s Swadeshi Ltd. employees have habit of ordering organisational requirement two
months in advance which is adding to cost of holding inventory. As cost of holding
inventory increases the price of goods due to which customers decreases the demand
of fmcg goods in which M/s Swadeshi Ltd deals as results of which finished goods get
piled up in warehouses and ultimately company is suffering losses as there is no sales,
no revenue is generated and no expenses are being met on time, overall it is effecting
the productivity and profitability of an organisation.
Conclusion
Solution to above problem is that organisation should fallow Just In Time Inventory
System. The Just In Time Inventory System, or JIT, is a system of
managing inventory that is designed to improve efficiency and reduce waste in a
production process, and minimize inventory carrying costs. The idea is to receive
organizational requirements only as needed in order to save cost of holding inventory.
Answer No (2)
INTRODUCTION
MOTIVATION:-
Motivation is the process of inspiring people in order to intensify their desire and
willingness for executing their duties effectively and for co-operating to achieve the
common objectives of an enterprise. In other words, it means to induce, instigate, incite
or prompt someone to a particular course of action for getting the results expected from
him.
Motivation may be rooted in a basic need to minimize physical pain and maximize
pleasure, or it may include specific needs such as eating and resting, or a desired
object, goal, state of being, ideal, or it may be attributed to less-apparent reasons such
as altruism, selfishness, morality, or avoiding mortality.
Motivation is the actuating force that stimulates a man to put his best in the
accomplishment of a task. It is a powerful tool in the hands of a manager for inducing
his subordinates to act in the desired manner by satisfying their needs and desires. It is
concerned with how behaviour gets started, is energised, initiated, sustained and
directed.
1. Praise:- People want to know if they have done a good job. The positive
assessment from a superior position can be a powerful spur to productivity. While you
shouldn’t tell a worker they did well when they didn’t, honest praise is a valuable
motivational tool. Positive feedback will make an employee want to continue their
success forward to their next project.Knowing your work is valued will help to motivate
anyone.
2. Encourage Autonomy :-People are happier and more motivated if they feel
they are in charge of their own destiny. Don’t be a micromanager or a control freak an
overbearing attitude will destroy morale. If an employee can handle it, let them have a
freer reign. You don’t need to be staring over their shoulder on every project. Your
workers will enjoy their jobs more (and do better work) if they have more freedom.
5. Be fair:- A boss who has double standards for pet employees will destroy office
morale. One person receiving more than their fair share of credit (or money) devalues
the efforts of everyone else. Employees left out in the cold will feel depressed and
unappreciated. Adjudicate any disputes between employees in an impartial, even-
handed way. While you’ll especially appreciate certain workers, don’t give them perks
they don’t deserve — managers need to motivate all their subordinates.
CONCLUSION
To be a quality manager, you must devote yourself to employee motivation. The
workers are the lifeblood of any company, but those workers will not perform well if they
do not feel motivated. In contrast, an inspired employee will actually want to put forth
their best effort.
Therefore, the manager must find the keys to get subordinates to come to work
regularly and on time, to work hard, and to make positive contributions towards the
effective and efficient achievement of organizational objectives. Motivation is an
effective instrument tin the hands of a manager for inspiring the work force and creating
confidence in it. By motivating the work force, management creates "will to work" which
is necessary for the achievement of organizational goals .
Answer No (3)
INTRODUCTION
a)Change Management
Change Management is a systematic approach to dealing with the transition or
transformation of an organization's goals, processes or technologies. The purpose of
change management is to implement strategies for effecting change, controlling change
and helping people to adapt to change. Such strategies include having a structured
procedure for requesting a change, as well as mechanisms for responding to requests
and following them up.
To be effective, the change management process must take into consideration how an
adjustment or replacement will impact processes, systems, and employees within the
organization. Change management is the process, tools and techniques to manage the
people side of change to achieve its required business outcomes. It is the systematic
management of employee engagement and adoption when the organization changes
how work will be done. Ultimately, change management focuses on how to help
employees embrace, adopt and utilize a change in their day-to-day work.
The Change Management Process that M/s Swadeshi Ltd. should fallow to
improve the functioning of the organisation is as fallows:-
2)Planning Change
After indentifying need for change in organisation, a change plan is made for managing
change. This step involves finding out ways to bring change,arranging resources and
deciding who will be responsible to implement change. A complete framework is layout
where roles and responsibilities are assigned and time frame for performing various
activities to implement change is decided.
3)Implementation
After you’ve identified what your organization needs to facilitate change management,
it’s time to implement. Execution and accountability are both strategic imperatives. To
simplify implementation, approach implementation of change management in phases.
Breaking down change into smaller, more actionable components makes this process
simpler. A simpler process makes it easier for employees to become trained experts in
these new concepts.
4)Fallow Up
The final step in the change management process is the after-action review. It is at this
point that you can stand back from the entire program, evaluate successes and failures,
and identify process changes for the next project. This is part of the ongoing, continuous
improvement of change management for your organization and ultimately leads to
change competency.
CONCLUSION
Managing organizational change will be much easier if you’re able to follow these three
change management process steps. If you identify the needed change, communicate
with your team and efficiently implement your strategy, you’ll have a blueprint for
change management. These guidelines help stakeholders understand the current state
of the business, and what they need to do to facilitate change in the future.
INTRODUCTION
b) Leadership:- Leadership is the ability of an individual or a group of individuals
to influence and guide followers or other members of an organization. Leadership
involves making sound and sometimes difficult decisions, creating and articulating a
clear vision, establishing achievable goals and providing followers with the knowledge
and tools necessary to achieve those goals.
Every organization should have a leader who must possess characteristics such as self-
confidence, strong communication and management skills, creative
and innovative thinking, willingness to take risks, openness to change etc.
CONCEPTS & APPLICATION
Leadership style suitable for M/s Swadeshi Ltd is Democratic
Leadership style:-
The leader and the subordinates shared an equal voice and these groups didn’t
showcase hierarchy. The leadership style involved appraisal of both the leader and the
subordinates, with strong feedback structures available.
Second, being more involved with the projects and tasks will increase the subordinate’s
commitment levels. In essence, the subordinates see themselves invested in the
outcome. This in turn is beneficial for the organization because it can lead to projects
being finished more efficiently.