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Q1. You are the managing director (MD) of ABC Ltd. In order to increase the quantity and quality of production, you plan to automate your assembly line. New machines are bought and installed. Training programmes are conducted to train the operators to operate the new machines. Tough technically everything has been installed properly, yet production goes down. You show your concern over the matter as to why should better production methods and techniques result in fall in production and set an enquiry. A meeting of managerial heads is called. HR manager, Mr. Chaddha found that workers fear loss of jobs because of increased automation and no additional financial incentives are offered to them for increased production. According to Mr. Chaddha, low morale of workers is, thus, the reason for low production. You want to solve this problem in consultation with your subordinates.

Q1. You are the managing director (MD) of ABC Ltd. In order to increase the quantity and quality of production, you plan to automate your assembly line. New machines are bought and installed. Training programmes are conducted to train the operators to operate the new machines. Tough technically everything has been installed properly, yet production goes down. You show your concern over the matter as to why should better production methods and techniques result in fall in production and set an enquiry. A meeting of managerial heads is called. HR manager, Mr. Chaddha found that workers fear loss of jobs because of increased automation and no additional financial incentives are offered to them for increased production. According to Mr. Chaddha, low morale of workers is, thus, the reason for low production. You want to solve this problem in consultation with your subordinates.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Q1. You are the managing director (MD) of ABC Ltd. In order to increase the quantity and quality of production, you plan to automate your assembly line. New machines are bought and installed. Training programmes are conducted to train the operators to operate the new machines. Tough technically everything has been installed properly, yet production goes down. You show your concern over the matter as to why should better production methods and techniques result in fall in production and set an enquiry. A meeting of managerial heads is called. HR manager, Mr. Chaddha found that workers fear loss of jobs because of increased automation and no additional financial incentives are offered to them for increased production. According to Mr. Chaddha, low morale of workers is, thus, the reason for low production. You want to solve this problem in consultation with your subordinates. Questions- a) What steps will you take to solve this problem? b) Discuss a situation when you made a decision under i) certainty, ii) uncertainty, iii) a decision with great risk involved, and iv) a decision with no risk involved.
Transcribed Image Text:Q1. You are the managing director (MD) of ABC Ltd. In order to increase the quantity and quality of production, you plan to automate your assembly line. New machines are bought and installed. Training programmes are conducted to train the operators to operate the new machines. Tough technically everything has been installed properly, yet production goes down. You show your concern over the matter as to why should better production methods and techniques result in fall in production and set an enquiry. A meeting of managerial heads is called. HR manager, Mr. Chaddha found that workers fear loss of jobs because of increased automation and no additional financial incentives are offered to them for increased production. According to Mr. Chaddha, low morale of workers is, thus, the reason for low production. You want to solve this problem in consultation with your subordinates. Questions- a) What steps will you take to solve this problem? b) Discuss a situation when you made a decision under i) certainty, ii) uncertainty, iii) a decision with great risk involved, and iv) a decision with no risk involved.
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