1.

‘If anything goes wrong with the performance of key activities, the entire organization suffers. Therefore, the organization should focus on them.’ Explain the statement with a suitable example.

Answer»

The statement refers to use of ‘Critical Point Control’, while analysing deviations.

Meaning of Critical Point Control: It refers to that concept of management which holds that instead of all activities, the management should focus its attention on only important activities.

Example: In a manufacturing organisation, an increase of 5% in the labour cost may be more troublesome than 15% increase in postal charges.



Discussion

No Comment Found

Related InterviewSolutions