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Some of the basic problems faced by management are
1: How to produce a qualitative product:
This is the first problem faced by management that what is to produce, how much to produce and where to be produce. And the organization has to decide either they have to produce different products or to emphasis on one product.
2: How to deal the labour union:
The labour is the group of people working for the betterment of the employees working in the organization. The management has to decide that how to full fill the demands of the labour union in respect of salaries, bonuses, insurance, medical allowances, fringe benefits etc.
3: How to compete in the market:
Various decisions for example how to charge the price, how to place the product, how to promote the product has to be taken by the management and they try to solve these problems in a best manner.
4: How to utilize the organization resources:
The management made various decisions about the organization resources that is man, money, material, machinery, market and methodology.
5: To avoid stick out situation:
Stock out situation is that situation when the customer demands for the product and the company has no product at that time. The management has to decide how to tackle this problem.
What else can I help you with?
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