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Disadvantages of Procedures1) Procedures tend to inhibit rational and logical thinking. The assumptions in the basis of which a procedure was designed might not obtain in all circumstances. In that instance, the subordinate could devise a more suitable approach in solving a given problem. Procedures encourage a robot approach to problem solving and this is not consistent with the need for thought and creativity.2) Procedures frustrate clients sometimes. In the large organization, procedures even for minor activities like interviews with an executive are seen by those affected as obstacles. In this way, procedures defeat the very purpose of time-saving, economy and improvement of the image of the organization.
3) In circumstances requiring prompt action, adherence to procedure can have a negative effect on the organization's objective. Situations might arise when an advantageous purchase of inputs has to be made to relieve a shortage. If the standard tender procedure is to be insisted on, the opportunity might be lost.
While the industry average ROE is about 15%, average profit margin of 50%, asset efficiency of 10%, and leverage ratio of 3, the ROE for ABC, Inc., using data from January 2011, wa
PRODUCTION PLANNING AND SCHEDULING OF A GARMENTS MANUFACTURING COMPANY 1. Introduction TREND SHOPS SDN BHD is a manufacturing unit of (mid-upmarket) ladies garments. It
P o w e rful cost reduction The project cost accounting will track the quality-related costs which can be an important management tool. For example, suppose there are some
Explain about the privatisation of public sector undertakings. The privatisation of public sector undertakings : After independence India opted for mixed economy. The priv
Question 1: (a) Using information from Table 1, build a network diagram for the project. (b) Perform a Forward Pass on the network diagram and deduce the duration of the p
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Balancing Efficiency An efficient line balancing will minimize the amount of idle time. The balance efficiency can be calculated as Eff B = output of task time / in
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Agile software development is a group of software development procedures based on iterative and incremental development, where requirements and solutions develop through collabora
What is the procedure of privatization? This is however; wrong to think about the procedure of privatization can act as a magic wand. An extremely recent comparative study of t
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