CBSE Class 12-commerce Answered
Damini D’souza took over the reins of ‘Kinsa Retail’ as its Managing Director in India. Kinsa Retail with
its headquarters at Japan has been in retail business for the last 40 years. It has reginal offices in many
countries with each regional office taking care of the shops in the particular region. As it is a large
organization, the regional offices have been given the powers to decide and spend funds sanctioned to
them by the headquarter for the welfare of the customers of their region.
Kinsa Retail wants the highest possible standards of ethical conduct being followed for which a code of
conduct is in place for putting values into practice. All employees as well as Board members are requiredto act in accordance with the highest standards of personal and professional integrity when acting on
behalf of the company. Non-compliance involves a heavy penalty including termination of employment.
Explain two principles of general management being followed by Kinsa Retail.
Asked by samroxx880 | 02 Jun, 2020, 08:22: PM
Expert Answer
The company follows:
Principle of Authority and Responsibility:
- Authority refers to the power to take decisions and responsibility refers to the obligation to complete the work.
- There must be balance or parity between the two commands, i.e. authority and responsibility.
- This helps an organisation to prevent the misuse of managerial power.
Principle of Discipline:
- Insists that discipline is required at the superior and subordinate levels
- Refers to rules and regulations of systematic work
- Not only rules and regulations but also developing commitment in the employees towards the organisation as well as towards each other
Also, as per the techniques of Scientific Management, the company follows:
Standardisation:
- Setting standards for any work or activity
- Standardisation can be of process, raw material, time, product, machinery, methods or working conditions
- Objectives:
- Brand building by assigning fixed categories, sizes and features to the products supplied by any particular company
- Making manufactured components/products interchangeable
- Achieving standards of quality and reliability of products
- Achieving standards of performance of men and machines
Answered by Surabhi Gawade | 03 Jun, 2020, 10:20: AM
Concept Videos
-
Nature and Significance of Management
Nature and Significance of Management, Coordination - The Essence of Manage... -
Nature and Significance of Management
Nature and Significance of Management, Coordination - The Essence of Manage... -
Principles of Management
Principles of Management, Fayol v/s Taylor and Intertemporal Comparisons -
Business Environment
Business Environment, Economic Environment in India -
Business Environment
Business Environment, Economic Environment in India
CBSE 12-commerce - Business Studies
Asked by senthilramanathankanishka | 16 May, 2022, 09:39: PM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by nsharmayoo | 02 Oct, 2021, 11:20: AM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by nousadsalmani169 | 27 Sep, 2020, 02:24: PM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by sahulgupta8 | 23 Jun, 2020, 04:09: PM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by rsnitish7051singh | 20 May, 2020, 01:07: PM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by singhsukh3355 | 18 May, 2020, 10:09: AM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by Prashant DIGHE | 18 Apr, 2020, 10:24: PM
ANSWERED BY EXPERTCBSE 12-commerce - Business Studies
Asked by vcgeetha22 | 21 Mar, 2020, 01:54: PM
ANSWERED BY EXPERT
