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What is inception and feasibility in plan of work?

Purchasing Iron & steel scraps


What are the major industries in Argentina?

Motor vehicles and food processing are major industries in Argentina. Other major industries in Argentina are chemicals, petrochemicals, steel and textiles.


What two factors would a steel making firm consider important in choosing a location?

1. Availability of Resources like Raw Material,Labour,Power. Water etc. 2.Legal papers and its Cost must be within Company Budget. 3. Ease of land acquisition's and local community support.Local community often protect and such investment decision due to high investments are irreversible or result in Huge losses.Everyone is aware of recent TATA Nano shutdown of Singur Plant.These situation can arise in any firm.


How can managers and their roles be enhanced with a well integrated information system How can their roles be diminished with a poorly integrated information system with an Indian example?

A well-integrated information system enhances managers' roles by providing timely access to accurate data, enabling informed decision-making, improving communication, and fostering collaboration across departments. For instance, in a company like Tata Steel, an effective information system can streamline operations, allowing managers to quickly analyze production metrics and adjust resources as needed. Conversely, a poorly integrated system can lead to data silos, miscommunication, and inefficiencies, diminishing a manager's ability to respond swiftly to market changes, as seen in companies like BSNL, where outdated systems have hindered operational agility and customer service.


What was Adam Smith contribution to the field of management?

Adam Smith, in The Wealth of Nations (1776), made an argument on the economic advantages that organizations and society would achieve from the division of labor, which is the breakdown of jobs into narrow, repetitive tasks. Smith concluded that division of labor increased productivity by increasing each worker's skill and dexterity, by saving time that is usually lost in changing tasks, and by the creation of labor- saving inventions and machinery. Probably, the most important influence on management was the Industrial Revolution. It began in the late eighteenth century in Great Britain, where machine power was being substituted for human power. Thanks to this movement, there was the development of big organizations. John D. Rockefeller was putting together the Standard Oil monopoly, Andrew Carnegie was gaining control of two- thirds of the steel industry, and other people were creating new businesses that would require formalized management practices. CLASSICAL CONTRIBUTIONS The roots of modern management lie within a group of practitioners and writers who gave their contributions to management which we call the classical approach. The classical approach is the term used to describe the scientific management theorists and the general administrative theorists. We can divide it into two subcategories: