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Principles of Management: Subordination Individual General

The document lists the top 10 women industrialists in India, providing the name and position of each industrialist. The list includes Akhila Srinivasan of Shriram Investments Ltd, Ekta Kapoor of Balaji Telefilms, Jyoit Naik of Lijjat Papad, Kiran Mazumdar-Shaw of Biocon, and others from various industries.

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Geetika Khanna
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0% found this document useful (0 votes)
153 views

Principles of Management: Subordination Individual General

The document lists the top 10 women industrialists in India, providing the name and position of each industrialist. The list includes Akhila Srinivasan of Shriram Investments Ltd, Ekta Kapoor of Balaji Telefilms, Jyoit Naik of Lijjat Papad, Kiran Mazumdar-Shaw of Biocon, and others from various industries.

Uploaded by

Geetika Khanna
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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top 10 women industrialists in India?

1. Akhila Srinivasan, Managing Director, Shriram Investments Ltd 


2. Ekta Kapoor, Creative Director, Balaji Telefilms 
3. Jyoit Naik, President, Lijjat Papad 
4. Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon 
5. Preetha Reddy, Managing Director, Apollo Hospitals 
6. Priya Paul, Chairman, Apeejay Park Hotels 
7. Rajshree Pathy, Chairman, Rajshree Sugars and Chemicals Ltd 
8. Ranjana Kumar, Chairman, NABARD 
9. Sharan Apparao, Proprietor, Apparao Galleries 
10. Simone Tata, Chairman, Trent Ltd 

Principles of Management

1. Division of work. This principle is the same as Adam Smith's 'division of


labour'. Specialisationincreases output by making employees more efficient.

2. Authority. Managers must be able to give orders. Authority gives them this right. Note


thatresponsibility arises wherever authority is exercised.

3. Discipline. Employees must obey and respect the rules that govern the organisation. Good


discipline is the result of effective leadership, a clear understanding between management and
workers regarding the organisation's rules, and the judicious use of penalties for infractions of
the rules.

4. Unity of command. Every employee should receive orders from only one superior.

5. Unity of direction. Each group of organisational activities that have the same objective should


be directed by one manager using one plan.

6. Subordination  of  individual interests to the general  interest. The interests of any one


employee or group of employees should not take precedence over the interests of the
organisation as a whole.

7. Remuneration. Workers must be paid a fair wage for their services.

8. Centralisation. Centralisation refers to the degree to which subordinates are involved


in decision making. Whether decision making is centralised (to management) or decentralised
(to subordinates) is a question of proper proportion. The task is to find the optimum degree of
centralisation for eachsituation.

9. Scalar chain. The line of authority from top management to the lowest ranks represents the
scalar chain. Communications should follow this chain. However, if following the chain creates
delays, cross-communications can be allowed if agreed to by all parties and superiors are kept
informed.

10. Order. People and materials should be in the right place at the right time.

11. Equity. Managers should be kind and fair to their subordinates.


12. Stability of tenure of personnel. High employee turnover is inefficient. Management should
provide orderly personnel planning and ensure that replacements are available to fill
vacancies.

13. Initiative. Employees who are allowed to originate and carry out plans will exert high levels of
effort.

14. Esprit de corps. Promoting team spirit will build harmony and unity within the organisation.

Current Affairs For February 2011

National

2G scam: Former Telecom Minister A.Raja sent to Tihar Jail

 Former Telecom Minister A Raja was sent to Tihar Jail in Jail in Delhi on Feb 17th in
relation to the 2G scam. He will be in judicial custody for fourteen days until March 3rd.
He was also earlier arrested by the CBI on 2nd Feb and was held in their custody in view
of the evidence they had collected against him regarding his involvement in the 2G
scam. A. Raja has been accused of issuing 2G licenses at throw away prices creating
massive losses for the exchequer. According to the national auditor CAG, the 2G
spectrum phone licenses were sold in 2008 for a fraction of their value and this has
resulted in a notional loss of Rs. 1.76 lakh crores. The 2 G scam has created major
uproar in Parliament and has sent shock waves across the country.

ULFA, government begin Assam peace talks

 Leaders of the outlawed United Liberation Front of Asom (ULFA) met Home Minister P.
Chidambaram on Feb 10 to signify the start of the much long-awaited peace talks aimed
at ending 30 long years of insurgency in Assam. History was created when the eight
member ULFA team headed by Arabinda Rajkhowa met Chidambaram at his North
Block office for a first round of peace talks. This is a highly significant development
considering ULFA has been trying since 1979 to carve out an independent homeland of
Assam. While ULFA has not put up any demands or finalised any agenda for talks, the
beginning of talks itself is being seen as a very positive step to restoring peace in the
state.

PM announces JPC on 2G spectrum scam

 Prime Minister Manmohan Singh announced that his government would set up the Joint
Pariamentry Committee (JPC) to investigate the 2G spectrum scam. The government
finally agreeing to introduce the JPC does not come about as unexpected. With the
opposition being absolutely unrelenting in their demands for the introduction of the
probe, the Congress had to finally give in. The previous years winter session in
parliament ended with only ten working hours on record. In order to ensure that the
budget session does not get similarly affected, several meetings with the different
political parties were set up and Finance Minister Pranab Mukherjee tried to bring about
a compromise, which in the end proved to be futile. In the Lok Sabha, on the first day of
the budget session the PM said “On account of the controversy relating to allocation of
2G spectrum, the winter session of Parliament was lost. Our country can ill-afford
this...in paralyzing Parliament, we all do disservice to those who have elected us.” Later
on he also announced the introduction of the probe when he went on to add “It is in
these special circumstances that our government agrees to a JPC...we are a functioning
democracy and must try to resolve our difference is the spirit of collaboration not
competition.”

Govt to release Rs. 150 coin soon

 With the Income Tax Department celebrating 150 years of taxation in the country the
government will issue coins of Rs. 150 in denomination. The special coins which also
includes Rs 5 denomination would be released by the Finance Minister Pranab
Mukherjee ahead of his budget speech. The Rs 150 coin is prepared from an alloy of
copper, nickel, silver and zinc. ‘Sathyameva Jayathe’ and ‘India’ would be engraved on
the front side of the coin while the back side will feature a portrait of portrait of 'Chanakya
and lotus with honeybee'. The Rs 5 coins will also be minted in a similar fashion. This is
a special occasion with the IT department having completed 150 years of taxation from
1860 to 2010.

HC upholds Death Penalty for Kasab

 The Bombay High Court on Feb 21 confirmed the death penalty to 26/11 terrorist Ajmal
Kasab and termed the case being the rarest of rare and held that there was "no scope of
reform" of the convict. This comes nine months after the lone 26/11 terrorist who was
captured alive was ordered to be sent to the gallows by the trial court on May 6, 2010.
Kasab, an LeT operative was captured alive at Girgaum Chowpatty in Mumbai on
November 26, 2008 while none other operatives who has come with him were gunned
down by the security forces at the terror sites. Justice Ranjana Desai told Kasab through
video conferencing "Aapko saza-e-maut yeh adalat barkarar karti hai. Aap Supreme
Court mein appeal zari kar sakte hain (Your death sentence is upheld. You can appeal
before the Supreme Court,"

Godhra verdict: Ahmedabad court convicts 31, acquits 63

 A special court in Ahmedabad on February 22nd convicted 31 people and acquitted 63


including main accused Maulvi Umarji, in the 2002 Godhra train burning incident that left
59 people dead mostly Kar Sevaks who were returning from Ayodhya on the Sabarmati
Express. This triggered the 2002 Gujarat communal riots which left over 1200 people
dead mostly Muslims. The court was the first one to pronounce a judgment, among the
nine trying the 2002 Gujarat riots cases. The court accepted the prosecution’s contention
that there was a conspiracy behind the incident. Apart from the charges of murder,
attempt to murder and criminal conspiracy, the accused were convicted under IPC
sections 147, 148 (rioting with deadly weapons), 323, 324, 325, 326 (causing hurt), 153A
(promoting enmity between different groups on religious grounds), various sections of
the Indian Railways Act, Prevention of Damage to Public Property Act and Bombay
Police Act.

Kidnapped Malkangiri Collector, junior engineer released


 Malkangiri District Collector RV Krishna and Junior Engineer Pabitra Majhi were finally
released by the Maoists after being kept for a week in captivity. The two were abducted
by the Maoists on Feb 16th and the Maoists in a letter to the government, listed 14
demands for the safe release of the two hostages. These included halting anti-Maoist
operations by security forces, release of all political prisoners, scrapping of accords with
MNCs for land transfer and projects, and compensation for the families of Maoist
sympathizers killed in police custody. Dandapani Mohanty and academicians G.
Haragopal and R. Someswar Rao were chosen as mediators and had discussions with
the Maoists. The negotiators had made the government agree to 14 key demands
including the release of Ganti Prsadam, Padma (wife of top Maoist Ram Krishna), and
Sriramulu Srinivas, another top Maoist. After intense round of negotiations the
government finally relented and made arrangements to secure bails for the jailed
Maoists. A further twist in the tale occurred when the Maoists released only Majhi and
held back the Collector making a fresh list of demands. However after another round of
discussion, common sense prevailed and the Maoists released the collector a day later.

Sports News

Cricket World Cup 2011 Officially Opened 

 The 10th edition of the ICC cricket World Cup, was officially launched on 17th Feb with a
grand opening ceremony being held in Dhaka, Bangaldesh. The stadium was filled with
spectators and evening proved to be visual spectacle with colourful fireworks, songs and
dance routines to mark the start of the eagerly awaited event. Bangladeshi Prime
Minister Sheikh Hasina declared the event open amid thundering cheers while the
fourteen participating Captains were revealed to the public being carried in tricycles.
Shankar Ehsaan Loy and other popular artists performed at the venue with the show
stopper being Bryan Adams.

National Games Held in Jharkand 

 The 34th National Games, was finally held in Jharkand and the event turned to be very
successful. The games were held from 12th February 2011 to 26th February 2011.Many
athletes all over the country took part in various disciplines and quite a few records were
broken in the process. The long-postponed 34th National Games was originally
scheduled for 2007. The Games have been deferred six times – four times due to delay
in developing infrastructure and then postponed again due to the coming of Assemble
Elections.

India start their Word cup campaign on a bright note

 India played Bangladesh at Mirpur in the first WC match of the tournament on Feb 19.
India started with a bang scoring 375 with both Virender Sehwag and Virat Kohli hitting
sensational hundreds to take the match away from the hosts. Sehwag particularly looked
murderous. The Indian team was expected to be under pressure to perform well against
Bangladesh as their previous campaign in 2007 resulted in an early exit and left many
disappointed fans back at home.
Viswanathan Anand regains No.1 Ranking Again

 World Champion Viswanathan Anand played against Magnus Carlsen of Norway to end
the match in hard fought draw and finished second in the Bilbao Final Masters chess
tournament. But the icing on the cake was when the Indian ace dethroned Carlsen from
the number one ranking in Live rating list for the first time since January this year and
ended up as the top player in ratings too.

Brazilian striker Ronaldo announces retirement

 Former Brazil striker Ronaldo announced his retirement from soccer on Feb 14. The 34-
year-old three-time world player had a year end contract with Corinthians. But a shock
loss led to an early elimination from the Libertadores Cup and violent protests from fans.
Ronaldo further added that frequent injury problems were one of the main reasons in
him deciding to announce his retirement. Thus ends a brilliant career in which he scored
more than 400 goals including a record 15 at World Cups.

International News

Mubarak resigns, Egypt celebrates

 The people of Egypt went wild with celebrations after President Hosni Mubarak resigned
and handed power to the military on 11th February. For eighteen days thousands of
people had taken to the streets all over Egypt demanding the ouster of their autocratic
President who had been in power for the past thirty years. One of the key reasons for
such public outrage has been widespread poverty, inflation and rampant corruption in
the government for many years. Tahrir Square, the epicentre of the anti-government
protests burst with joy when the announcement was made. This has been a hard fought
struggle for the people of Egypt after many episodes of violence having been reported
between the public and Mubaraks forces.

China overtakes Japan as world's second-biggest economy

 China has now overtaken Japan as the world's second-biggest economy. Japan's
economy was worth $5.474 trillion (£3.414 trillion) at the end of 2010, figures from Tokyo
have shown while that of China's economy is closer to $5.8 trillion for the same period.
China has been enjoying a manufacturing boom for quite a few years now and it is
expected that at its current rate of growth, analysts see China replacing the US as the
world's top economy in about a decade. The US economy is currently almost three times
the size of the Chinese economy in dollar terms.

New Zealand earthquake strikes Christchurch, killing at least 148 people

 A massive earthquake on 22nd Feb has caused massive destruction in the city of
Christchurch, New Zealand. The 6.3-magnitude earthquake was the second in five
months for the city and the death toll continues to increase with the police having
confirmed 148 deaths with 200 still missing. The damage caused has been said to be
much worse than the 7.1-magnitude quake on 4 September, which left two people
seriously injured but no fatalities. The city's historic cathedral was one of the many
buildings that got significantly damaged, while cars lay in a mangled heap under a pile of
rubble and roads cracked open with fissures as a result of the tremors. Dazed, bleeding
residents could be seen wandering through streets strewn with debris and piles of
concrete.

Libyan people take to the streets in their demand for freedom 

 Inspired by the outcomes of Tunisia and Egypt over the past few weeks the people of
Libya have also taken out to the streets in their cries for freedom against their autocratic
leader Muammar Gaddafi. Thousands of people have joined the struggle and there have
been continuous reports of frequent clashes with the Muammars loyalists and the
protesting public. Scores of people have been reported killed in continuing violence in
the Libyan capital, Tripoli, amid escalating protests against Muammar Gaddafi's 40-year
rule across the North African nation. With each passing day the leader seems to be
losing support from people working in his own government and is also under increasing
pressure from International powers to step down.

The Kings Speech Wins Best Picture at the 83rd Annual Academy
Awards

 ‘The Kings Speech’ had a great outing at this years Oscars winning four awards. The
film won in the best picture category and its director Tom Hooper received Best Director.
Colin Firth received the award for best actor for his central role in Kings Speech while
best female actor went to Natalie Portman for Black Swan. ‘The Best Supporting Actor’
and The Best Supporting Actress’ awards were bagged by Christian Bale and Melissa
Leo for their performances in film, ‘The Fighter’. Indian musician AR Rahman missed out
on his two nominations for his score in ‘127 hours.’

 "2238" Current Affairs found from 07-12-2009 to 10-04-2011 in "All" Category


 The Number of Tigers Decreased in Madhya Pradesh
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 The tiger Census 2010 was released on 28 March 2011 by the Union Ministry of Environment and Forests.
According to that Madhya Pradesh state registered a more than 15% decline in its tiger population...Current
Affairs2011

Tags: Tiger Census, tigers in Madhya Pradesh, tiger state, Current Affairs April 2011

 Wipro Signed an Agreement to Acquire US Firm


 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 Wipro technologies on 1 April 2011 signed an agreement to acquire US -based Science Applications
International Corporation’s (SAIC) global oil and gas IT services business...Current Affairs2011

Tags: Wipro, US firm, Current Affairs April 2011

 London Conference on Libya Crisis Held in UK


 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 The London Conference on Libya was held on 29 March 2011, in UK. The conference was participated by
nearly 40 nations and major international blocs...Current Affairs2011

Tags: London Conference, International Conference on Libya, Paris Conference on Libya, Arab Crisis, Middle-East
Unrest, Current Affairs April 2011

 Gujarat Released Braille Version of RTI to Benefit Visually


Challenged
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 The Gujarat Information Commission, on 31 March 2011 released in Gandhinagar a Braille version of the
Right to Information Act (RTI) and its rules for the benefit of the visually challenged...Current Affairs2011

Tags: Gujarat, RTI act, Braille version of RTI, Current Affairs 2011

 Indian Government introduced FDI Policy Reform to Encourage


Inflow of Foreign Direct Investment
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 Indian Central Government on 31 March 2011 introduced a major policy reform to increase FDI inflow in
India...Current Affairs 2011

Tags: current affairs April 2011, policy reform to allow Indian companies to raise funds, third edition of the
Consolidated FDI Policy to increase FDI inflow, Indian companies allowed to issue equity against import of capital
goods, raising of external commercial borrowings, India as an investment destination,

 SEBI raised Investment Limit for Foreign Institutional


Investors in Corporate Bonds to $40 billion
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 SEBI raised the overall investment limit for foreign institutional investors in corporate bonds to $40
billion...Current Affairs 2011

Tags: current affairs April 2011, SEBI raised the overall investment limit for foreign institutional investors in
corporate bonds, infrastructure companies in India, investment in infrastructure in the Twelfth Five Year
Plan, India's debt market, investment in corporate bonds
 Study on the Indian Employment Trends estimated Organised
Sector to create 1.6 million Jobs in 2011
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 The organised sector in India is set to create about 1.6 million new jobs in 2011...Current Affairs 2011

Tags: current affairs April 2011, Ma Foi Randstad Employment Trends Survey, employment trends in India, METS)
study on the Indian employment trends and opportunities, healthcare sector remained a

 Directorate General of Foreign Trade announced Relaxation of


Onions & Cotton Yarn Export Norms
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 The export norms for onions and cotton yarn have been relaxed by directorate general of foreign trade
(DGFT)...Current Affairs 2011

Tags: current affairs April 2011, export norms for onions and cotton yarn relaxed, MEP of Bangalore Rose onions
and Krishnapuram onions continue to be $600 per metric tonne, MEP for onions reduced to $170 per tonne from
$225 per tonne

 Erstwhile Godmother of Porbandar, Santokben Jadeja Died


 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 the erstwhile ‘godmother’ of Porbandar and a former MLA, Santokben Jadeja expired...Current Affairs 2011

Tags: current affairs April 2011, Santokben Jadeja died, Santokben’s life inspired the Shabana Azmi-starrer
Godmother in 1999, Shabana Azmi got a National Award for her performance in Godmother, Santokben Jadeja
erstwhile godmother of Porbandar, Santokben Jadeja faced charges under TADA

 Food Inflation eased to Single Digit at 9.5 per cent for the
Week Ending 19 March 2011
 Current Affairs Week: 28 Mar 2011 to 03 Apr 2011
 Food inflation eased to single digit at 9.5 per cent for the week ending 19 March 2011 from 10.05 per cent
in the previous week...Current Affairs 2011

Tags: current affairs April 2011, food inflation eased to 9.5% for the week ended 19 March,wholesale price index-
based inflation in India, food inflation relaxed on account of a decline in the prices of pulses

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