Sunday, 28 September 2014

PUTHEN NADUVATH CHENTHAMARAKSHA MENON


Introduction

P N C Menon – Mr. P. N. C. Menon is the founder of the Shobha Group of companies.  A first generation entrepreneur, hailing from Thrissur in Kerala.  He is a non-residential Oman based businessman.  He founded Shobha Developers in Bangalore in 1995.  He has since incorporated several companies in the Sultanate of Oman, United Arab Emirates and Qatar and also expanded into construction and real estate development, 1500 crore Shobha Developers Ltd. is one of the few dollar-billionaires in India.  For the last two years he has been listed in the Forbes list of billionaires.  P. N. C. Menon set up his empire in the Sultanate of Oman with just Rs. 50 in hand.  Through sheer hard work and some wise decision, he has become one of the most successful businessmen from India.  Today, his company has a presence in India, Dubai, and Oman.  Today, more than 4,000 people are directly employed by Menon, in addition to the thousands more involved in the construction of his buildings.

Personal Life

He was from an agricultural family in Palghat in Kerala.  His father was running a small business in Thrissur.  He grew up there.  He lost his father when he was 10 years of age.  His childhood was unfortunate, not a happy one at all.  He did not complete his graduation; and dropped out from college.  As he was from a business family, he was not willing to do work under others.  So he started his own interior decoration business without completing his education.  Later he met an Arab who invited to do business in Oman.  He married to Shobha and has two daughters Bindu and Revathi and one son Ravi Menon.

Social Responsibilities

His social responsibility is greater than any other entrepreneur in India, because he is doing his charity work (He dislikes the word charity and favour became all these works considered as his duties).  His social work goes to the villages that he uplift the people from poverty line.  He is being feeding the poor and the elderly two times a day for the last 25 years.  Recently he decided that his charity work will be the place where he was born, the Kizhakkancherry Panchayat in Palghat district.  He found that there were 3,000 families living below the poverty line.
So, he focused is on these 3,000 families, the education of their children, their health conditions, their housing, water, sanitation, and, finally, their employment.  He put a time target of 8-10 years for the socio-economic empowerment of these 3,000 families.  About 12,000 people will benefit from this.

Working hard and with Confidence

He started his work in Oman.  Initially it was tough, but he worked hard, really hard.  Finally he could win over the entire negative he faced.

Five things were against him:

v He was not professionally qualified.
v He did not have sufficient capital.
v He started work in a new geographical environment.
v He didn’t have sufficient contacts.
v His communication skills were poor as he had studied in a Malayalam medium.
And although he had all the negatives stacked against him, his confidence land was high. The ability to understand was very high. He never settled for anything less than perfect.  Finally he succeeded game.

Awards and Recognition

v CNBC Best executed project Award.
v Really plus excellence Awards 2011
v PNC. Menon declared “Business Man of 2013”.  The award were declared by PP Suresh.
v Life-time Achiever’s Award in 2006 society interiors magazine for his contribution to real estate and contribution to industry.
v Global India Splendor Award in 2007.
v He was also awarded the prestigious Pravasi Bharatiya Samman Puruskar by President of India.

Sobha Group

   Sobha Group established in 1976, a first generation Indian business man T.N.C. Menon as an interior decoration firm under the name and service and trade company in Musket.  The group has grown into one of the most respected names in all the countries in which it has established business.

Sobha Group-Business Areas

v Civil Constructing
v Real Estate
v Electro-Mechanical Building Services
v Metal working/Facrade Engineering
v Interior/Joinery
v Manufacturing of construction materials
v Software Developments
v Architectural Engineering Consultancy

Conclusion
          P.N.C. Menon was an ordinary man make bact a “Practical Man”.  He is a MALLU, originally from Thrissur District of Kerala.  He started his business in simple way, his hard work, honesty, power etc. help him to create “Sobha Group” a listed company in the world.  P.N.C. Menon says that “You can think of a junk work of 15 days and a quality work of 1 day.”  The quality work will give more satisfaction and yield motivation from social.  He take care of his employee very well and focused on quality.  The building contribution features, the concentrate on minute aspects of quality.  This is the top character from P.N.C. Menon.  He followed a disciplined lifestyle.  He ensures a good health required to empower the mind and soul.  P.N.C. Menon don’t spend time preaching Gods.  It means that if God is life savior, P.N.C. Menon is saving a lot of poor’s life.  So he can be called as God.

     P.N.C. Menon is one of the most motivational character in our life.  His hard work, lifestyle character, disciplines etc. help to every student to achieve best in future life.

References
1.   Sobha Group founder P.N.C. Menon to give 50% of tune to charity Report (The Economic Times retrieved 2013-6-4.
2.   “A career built brick by brick” (mint.com retrieved 2013-06-04)
3.   “News maker P.N.C. Menon” (Business standard retrieved 2013-06-04)
4.   “Indian power list 2011” (Arabian Business retrieved 2011-11-08)

5.   “A career built by brick” (Livemint retrieved 2011-11-08)

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BUSINESS MANAGEMENT-OBJECTIVE QUESTIONS

BUSINESS MANAGEMENT

OBJECTIVE QUESTIONS

1.     Which of the following principles of management explain that each group of activities with the same objectives must have one head and one plan?
a)                       Scalar Chain
b)                      Unity of Command
c)                       Unity of Direction
d)                      Authority and Responsibility

2.     Planning of the organization with suitable personnel is known as –
a)                       Organizing Function
b)                      Directing Function
c)                       Co-coordinating Function
d)                      Staffing Function

3.     A process of evaluating results against pre-determined standards correcting the deviation is known as –
a)                       Directing
b)                      Coordinating
c)                       Controlling
d)                      Planning
4.     Which principle of management emphasis replacement of rule of thumb?
a)                       Decision theory
b)                      Administrative theory
c)                       Scientific management theory
d)                      Contingency theory

5.     Which of the following school considers management is wider concept than the administration?
a)                       British School
b)                      American School
c)                       Process School
d)                      Decision School

6.     The obligation to carryout the task and bear the responsibility in terms the standards establish and specified is known as –
a)                       Responsibility
b)                      Division of work
c)                       Accountability
d)                      Authority

7.     The lack of faith and confidence of managers in subordinate is an important barriers –
a)                       Effective Leadership
b)                      Effective Control
c)                       Effective Delegation
d)                      Effective Direction

8.     The number of subordinates a superior can effectively handle is called –
a)                       Organizing people
b)                      Span of control
c)                       Co-ordination
d)                      Direction

9.     “Management by objectives (M.B.O.) is not only a technique of management but is philosophy of management”.  Who said it?
a)                       F.W. Taylor
b)                      Chester Bernard
c)                       Peter Drucker
d)                      Henry Fayol
10.      “Espirit De Corps” principle was enunciated by-
a)                       Ernest Dale
b)                      R.C. Davis
c)                       Henry Fayol
d)                      Peter F. Drucker
11.      Influence and power dominates in –
a)                       Formal Organization
b)                      Informal Organization
c)                       Functional Organization
d)                      Project Organization

12.      Which of the following is not an element of planning?
a)                       Program
b)                      Procedure
c)                       Policy
d)                      Information

13.      Extreme of decentralization is called –
a)                       Bottom of management
b)                      Autonomy
c)                       Departmentalization
d)                      Leaderless management

14.      “Sensitivity Training” is a function of –
a)                       Planning
b)                      Directing
c)                       Leadership
d)                      Staffing

15.      The process of deligation is –
a)                       Top down
b)                      Bottom up
c)                       Horizontal
d)                      Circular

16.      Principal of parity of authority and responsibility is related to –
a)                       Decentralization
b)                      Delegation
c)                       Divisionalization
d)                      Autonomy

17.      Which of the following statement is not true?
a)                       An alternative course of action is discovered
b)                      Conscious course of action is discovered
c)                       Present action can be adjusted to future goal
d)                      Organizational goal is achieved

18.      The general statement or understanding the guide is planning and decision making called –
a)                       Policy
b)                      Procedure
c)                       Rule
d)                      System

19.      “Any organization in order to achieve its objectives should form its organization structure based in activity analysis, decision analysis and relation analysis” is the view of –
a)                       Koontz and O’Donnel
b)                      Peter Drucker
c)                       Mary Cushing Niles
d)                      Albers
20.      “Authority is the right to give orders and power to extract obedience”.  The statement is –
a)                       Taylor
b)                      Fayol
c)                       McFarland
d)                      George Terry

21.      “Human Resource Development in Modern Management is a wider term than the word staffing”.  The statement is –
a)                       True
b)                      False
c)                       No relation
d)                      Identical

22.      Direction’ is a wider term and which includes also –
a)                       Organization
b)                      Delegation
c)                       Leadership
d)                      Contingency
23.      The effective principles of direction does not include –
a)                       Harmony of objective
b)                      Effective leadership
c)                       Effective motivation
d)                      Personality

24.      The number of subordinates a superior a effectively handle is called –
a)                       Co-operation
b)                      Co-ordination
c)                       Span of Control
d)                      Supervision

25.      Co-ordination contributes to efficiency by blending the loose ends of highly specialized efforts”.  Who said it?
a)                       McFarland
b)                      Terry
c)                       Peter Drucker
d)                      Simon

Answer Key
1. (a)  2. (d)  3. (c)  4. (c)  5. (a)  6. (a)  7. (c)  8. (b)  9. (c)  10. (c)
11. (b)           12. (d)           13. (b)           14. (d)           15. (a)            16. (b)           17. (a)            18. (a)       19. (b)           20. (d)
21. (a)            22. (a)            23. (d)           24. (c)            25. (a)