Management Project Essay Example | Topics and Well Written Essays - 1500 words

Management Project - Essay ExampleThe paper includes an in-dept analysis of the four important aspects of management (planning, organizing compulsive and leading) in the context of PNR. It also provides a brief description regarding the products and operations of the company. The company overview PNR Private Ltd has been involved in the business of tyres that are mainly utilise in two wheel horses. It produces tyres for two wheelers especially for the motor cycles. It is been almost seven years that the company is manufacturing and selling tyres. Its main guests include some of the local as well as global two wheeler manufacturers. Furthermore, there is a strong network of dealers that sell the products to the individual customers. In the last year PNRs annual revenue reached almost $100M. However the companys performance was badly hit by the recent global financial crisis that rocked most of the positive economies in the world especially the US and UK economy. As the demand of cars and bikes was significantly lowered due to this global crisis, tyre industry was also remarkably affected. beingness a part of this industry PNR also experienced a tough time when its annual revenue was gone down by almost 10% in the year 2008-2009. However, with recovery of global economy PNR has also improved its performance. At present the company employs almost 100 individuals. The management of PNR gives significant grandness on the quality and innovation of the product. The companys main objective is to take the customer satisfaction level to a new high that impart help the company to meet its annual target of revenue easily on a regular basis. Over the years Innovation has been the key to PNRs success. The company has plans to invest significant amount of resources in the seek and development section. A new production plant with state-of-the art technology and advanced research and development facilities is likely to come up in near future. The companys vision is to b ecome the market leader in two wheeler tyre industry by means of high degree of innovation and customer satisfaction. In PNR it is believed that management is a concept that is neither solely acquaintance nor solely arts, but it is a blend of both. In the present business world which is intensely competitive, organizations fail to succeed if they do not focus on innovation, research and development. Today, most of the managerial decisions are taken after conducting extensive marketing as well as financial research. If management is looked at from this aspect then it can be considered as more of science rather than arts. However, on the other hand management is also about art of win over and communicating with the staffs. According to Basu, management is getting things done through and with others (Basu, Business Organisation And Management). This statement reflects that art is an important component of management. The management of PNR admits these facts and believes that managem ent is the gang of both science and art. The next section provides a clear picture of the four important aspects of management i.e. planning, leading, organizing and controlling in the context of PNR. Planning trick up Analysis SWOT (Strengths, Weaknesses, Threats and Opportunities) Analysis is a strategic tool that is widely used across all the industry. PNRs main strength is its strong customer base. Despite