Pan Parag and sons is a manufacturer of tobacco products. It decided to increase profits by at least 25% in the next quarter. It has many options:

To increase the working hours of laboures without additional payment.

To employ children from the local community.

To sell its product outside the school and colleges.'
(i) It opted the (ii) and (iii) options to achieve the target.

Identify the function of management described in the above para.

State the steps of the process involved in the function of management identified in (a) quoting the lines from the above para.

State any two values neglected by the organization.

Solution

Planning
Steps involved in planning process:
1. Setting organizational objectives: '........ increase profits by at least 25% in the next quarter.'
2. Identifying and evaluating alternatives courses of action: 'It has many options: to increase the working hours of labourers without additional payment, or to employ from the local community, or to sell its products sell outside the schools and colleges.’
3. Selecting the best possible alternatives: ‘It opted to employ children from the local community, and to sell products outside the schools and colleges.’
Values neglected:
1. Child labour is banned.
2. Bad effect on student's health.
3. Moral values.