Question

Chacko Ltd. has been manufacturing umbrellas since 1980. They are the market leaders in manufacturing small hand size umbrellas. They have their production unit in Kochi. The MD’s son- Abraham Chacko took over the family business in 2010. He had finished graduation from USA. Using his educational and networking skills , he was able to take up an export order. He also decided to operate an exclusive export oriented unit in Chellanam. The production work for this unit began in 2014. A dedicated team framed an operational plan for the entire process. Abraham visited the plan to evaluate and take appraisal of the work performed in the unit. State two ways as to how it will help Abraham.

Answer 1

Follow-up element helps the entrepreneurs in: 

(a) Developing ways to review the present situation with regard to materials, work-in-progress and finished goods.

(b) Evolving ways to expedite the performance of those departments which lagbehind. 

(c) Removing obstacles in the way of production by suggesting remedial measures.