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Management Theory PDF
Management Theory PDF
Management Theory PDF
Environment of an organization is divided into two i.e., Internal environment and external
environment. Internal environment includes strengths and weakness and external includes
opportunities and threats.
Now let’s do SWOT Analysis of Britannia company.
First, SWOT Analysis a technique that enable a group or individual to move from everyday
problems and tradition strategies to a fresh prospective.
STRENGHTS WEAKNESS
THREATS OPPURTUNITIES
Strength→ It is an internal factor of organization that helps to chase objectives. The Indian
company has strength of knowledge.
Britannia’s strengths are –
It has a major share in biscuits industry.
They do their marketing and advertisement in an efficiency way.
It is a strong presence in rural markets.
Products for all food and snacks segments is a big boon for Britannia.
It has innovative products like health concious people like oats, Britannia Nutri choice
biscuits for diabetes patients, vita Marie Gold etc.
It has a goodwill/good name in the market.
2. Weakness→ In simple words, it has negative aspects and brings strategic disadvantages
for an organization.
Britannia has some weakness also that is,
I. Firstly, customer orders determine what to produced and how much to produced.
II. It requires complex complex production scheduling-
III. Supplies delivered to production only line when needed.
Now, let’s come to lean production.
Thought lean manufacturing system, the company MG Motors will remove all the
wastage that do not add value to the production process will be eliminated. In
simple words, ‘less is better’ is adopted to produce goods on demand only.
Comparison between JIT and Lean production
Just in time Lean Production
I. JIT is used to express process Lean aims at eliminating the
problems Problem.
II. It reduces inventory It reduces waste
III. Productivity and quality will Efficiency will increase and
improve while the waste will customer will be more satisfied.
reduce
IV. Just in time creator an JIT deal with increasing the
organization which works as per efficiency while lean manufacturing
the market responsiveness in a deal with utilizing this efficiency to
most efficient and effective increase value for the customer
manner.
→Standardize→ This focuses on the workstation that include in some type of job
should be similar. It avoids the chances of conclusion.
ii. Six Sigma→ This is developed for improving process. In the process of six
sigma, 99.96% of the products manufacture are statistically expected to be
free of defects. In other words, this is a technique that lays emphasis on
measuring the quality to attain perfection.
Quantitative
Quantitative
approach
System Contigency
Contigency approacg
System Approach
Approach
Approach Approach
i.) System approach → This approach is developed to solve the management problems. It
includes asset a component that interact regularly.
ii.) Contingency approach→ This is also called situations approach. According to this
approach management of the organization have to analysis the problems or situation to take
effective decision. So, in this pandemic, the hotel management have taken decision like if the
number of customers are increasing you have to hire more staff and if there is reduction in
number of customers which actually happened in pandemic, the management have to cut-off
in number of staff and have to make proper arrangement of sanitization and hygiene.
Conclusion→ The hotel Lemon tree’s management have to take proper analysis of situation
and problems to make effective decision.