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Question
What is meant by ‘Privatisation’?
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Solution
Privatisation refers to the process of gradual transfer of ownership or management from the state/public-owned enterprises to individuals or private units, i.e. from the public sector to the private sector enterprises.
RELATED QUESTIONS
What is meant by ‘Management of Operations’?
Answer the following question.
Pratap Singh is the Chief Executive Officer of Nissar Enterprises. It is an automobile parts manufacturing company. The enterprise has a functional structure, in which jobs of similar nature have been grouped together as Production, Finance, Marketing, and Human Resource. Nissar Enterprises has its manufacturing unit at Manesar. The factory has been plagued with many problems for a long time which was in the knowledge of the Production Manager, Varun Sharma. The workers had internal differences. Time and again, there were misunderstandings between the management and the workers. Keeping the problems in mind, Varun Sharma appointed Siyaram Singh who had 14 years of experience of working with the actual workforce and passing on instructions of the middle management to the workers.
Siyaram Singh met Varun Sharma to understand what the management wanted? Thereafter he met the workers and conveyed the ideas of management to them. He also promised the workers to convey their problems to the management. In this way, he cleared the misunderstanding between the management and the workers. He also sorted out internal differences and was able to unite the workers within a month of his joining. His work was acknowledged by management and he was given a certificate of good performance along with a 10% increase in salary.
(i) Siyaram Singh performed some of the functions which are required to be performed at the position he is working at. State any five other functions Siyaram Singh is expected to perform.
(ii) Name the incentives provided to Siyaram Singh.
Middle-level management consists of ______.
Setting Objective is a function of ______.
Number of levels of management are ______.
Which level of management is responsible for the welfare and survival of the organisation?
Name the concept that refers to the number of subordinates that can be effectively managed by a superior and determines the number of levels of management in the organisation.
Which of the following is not a designation related to middle level management?
Which of the following is not a designation related to lower level management?
Identify the level of management which does not interact with the work force directly.
Policy formulation is the function of ______.
Identify the level of management whlch does not interact with the work force directly.
Directing is initiated at ______ level of management.
______ comes under the top management.
______ plays a very important role in the organization as they act as a link between the top and lower level management.
In a school, which position best represents the Middle Level Management?
Refer to the pyramid image of management levels. Which level has the largest number of personnel and is directly involved in managing daily operations?
