State any five benefits of the concept identified in

(a) above to the organisation.

Question

‘Leno' is a reputed car manufacturing company, which is going to complete its 75 years in October 2024. The Chief Executive Officer of the company decided to take the company to a higher level. For this, he called a meeting of all departmental heads of the company. In the meeting, the Chief Executive Officer proposed a target to increase sales by 10 and profits by 20 in its Platinum Jubilee year.
The Human Resource Manager estimated that an increase of 500 workers would be required to achieve the target. The Finance Manager suggested that the company must hold adequate cash balances for various purposes, and he will prepare a statement showing the cash inflows and outflows for this particular period. Identify and explain two types of plans discussed in the above case.

Answer 1

1. Structured learning optimizes the allocation of time, effort, and resources.

2. Increases employee output, thereby improving profitability.

3. Equips personnel for progression into leadership positions.

4. Elevates staff enthusiasm, consequently decreasing unexcused absences and staff departure.

5. Facilitates organizational agility in responding to technological and economic shifts.

State any five benefits of the concept identified in

(a) above to the organisation.

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Solution and Explanation

Top Questions on Financial Planning

Questions Asked in CBSE Class XII exam

State any five benefits of the concept identified in (a) above to the organisation.

Show Hint

Solution and Explanation

Top Questions on Financial Planning

Questions Asked in CBSE Class XII exam

State any five benefits of the concept identified in

(a) above to the organisation.