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careful consideration. Too early and too late may both be counterproductive. Too early means higher costs and too late means frequent breakdowns. Both spell doom for the organisation. The manager has to be resilient enough to take decisions on the merits of each situation, taking into account different conflicting considerations.
Here, too, Anekānta comes to his aid. F. Material - Material management is a rather complex
subject. Judicious inventory of raw materials and finished products are important. Inventories mean costs but lack of inventories means starving plants and dissatisfying shortages and consumer alienation. Multiple approach is essential to handle this subject as well. Anekānta is the answer, again.
Anekānta Applied to Different Areas of Management
Anekānta approach also comes to the fore in different areas of management such as Financial, Personnel, Production and Marketing management. This is being discussed in the paragraphs that follow: - A. Financial Management - Capital investments, borrowing
of capital and its application in various areas of operation such as rent, wages, installations, maintenance, procurement, production, inventory holdings, marketing, advertisement as well as profits taking and ploughing back requires consideration of a host of conflicting issues. Only Anekāntic multiple approach can help the managers to arrive at judicious and balanced decisions that can
maximise profits. B. Personnel Management - Besides the considerations of
hiring and firing discussed earlier, one has to consider the motivation of the workers to put in their best and to
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