XYZ Power Ltd. set up a factory for manufacturing solar lanterns in a remote village as there was no reliable supply of electricity in rural areas. The revenue earned by the company was sufficient to cover the costs and the risks. The demand for lanterns was increasing day by day, so the company decided to increased production to generate higher sales. For this, they decided to employ people from the nearby villages as very few job opportunities were available in that area. The company also decided to open schools and crèches for the children of its employees.
- Identify and explain the objectives of management discussed above
- State any two values which the company wanted to communicate to the society.
Mega Ltd. was manufacturing water-heaters. In the first year of its operations, the revenue earned by the company was just sufficient to meet its costs. To increase the revenue, the company analysed the reasons of less revenues. After analysis, the company decided
1) to reduce the labour cost by shifting the manufacturing unit to a backward area where
labour was available at a very low rate.
2) to start manufacturing solar water-heaters and reduce the production of electric
This will not only help in covering the risks but also help in meeting other objectives too.
a) Identify and explain the objectives of management discussed above.
b) State any two values which the company wanted to communicate to the society.
Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.