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Explain functions in which industrial manager is involved?
The Industrial Manager is occupied in the given functions:-
(i) Design products which will find acceptance in competitive markets;
(ii) Devise ways of producing these products efficiently;
(iii) Explore reliable sources for acquiring materials and supplies;
(iv) Attract funds;
(v) Build plants, train and recruit before train employees with a broad variety of talents.
(vi) Devise systems for coordinated efforts
(vii) Inspire self-assurance and activate all the resources or facilities into a viable going concern.
Do you believe that MBO is appropriate for an organization where the primary output is innovation? If not why not? If so, how would you apply MBO to improve the innovation process
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Matrix structures allow for workers to be shared on multiple projects and at a lower than usual cost. Answer To be shared on multiple projects and at a lower than usual cost
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