Business and Project Management

Procedures, rules and policies, once established, are difficult to change. Planning, on the other hand, may call for a change in the existing procedures and policies.

Directing is an important function of management which involves communicating with and providing leadership to the subordinates and motivating them to contribute their best for the achievement of organisational objectives.

Total Quality Management (TQM) is an approach that organisations use to improve their internal processes and increase customer satisfaction. When properly implemented, it can lead to decreased costs related to corrective or preventative maintenance, better overall performance, and an increased number of satisfied and loyal customers.

 A vision statement describes the desired future position of a company.

In business, secretarial division is reponsible for performing secretarial functions, i.e complying procedural formalities relating to corporate restructuring. For example, conducting Board Meetings, drafting agendas, etc.

Strategic plan draws the clear layout of specific business’s venture, vision, missions, objectives, competencies, managerial abilities, technical proficiency, and sources of fund. Thus, vision and mission statements of an organisation are a result of strategic planning.

Environment scanning is careful monitoring of an organisation’s internal and external environments for detecting early signs of opportunities and threats that may influence its current and future plans.

Mission system roles are performed by system that are assigned specific tasks to deliver product and services that achieve performance based outcome objectives.

The writer says that the improvements over the past two years are the result of competent leadership and clearly defined administrative goals, and since Amit Aggarwal is the new CEO, he must therefore have provided this leadership. To weaken this contention, it’s necessary to find an explanation for the recent upswing in business that’s not connected to him. An increase in demand for textiles (B) would be beyond his control, and thus could have led to an improvement in business no matter who was the CEO.

It ensures that the specific tasks are planned and carried out properly within a factory or office.

The number of decisions in the operational management and the same at the middle management are such that they are based on one or two aspects of a decision making situation.

It is used by senior managers or top management to plan the objectives of their organizations, and to assess whether the objectives are being met in practice.

It ensures that resources of the business are employed to achieve the strategic objectives of the organization.

This answer is correct. It takes into account both (1) and (2).

Operational feasibility is a measure of how well a proposed system solves the problems, and takes advantage of the opportunities identified during scope definition and how it satisfies the requirements identified in the requirements analysis phase of system development.