Passage : The Software Giant -Wipro Technology

On the basis of the following passage, answer the Q. No. 46 to Q. No. 50.

It's not quite there yet, but the goal is certainly within reach. One of India's largest IT solutions providers, Wipro Technologies, is taking on the likes of IBM and Accenture in its effort to be included among the largest and most successful technology services companies in the world. Restructuring Wipro was considered the most important step in becoming a global giant, driven by the goal towards improved customer orientation. During the past few months, Wipro separated itself into several subsidiaries by product line: telecommunications, engineering, financial services, etc. Each subsidiary brings in about $300 million in annual earnings and is self-sufficient with their own accounting books, personnel and administrative functions. This policy of company reduces the workload as well as enhances productivity because of the specific workers performing a specific job on a regular basis. Such a practice at Wipro further resulted in avoidance of duplication of work helps in preventing confusion and minimising the wastage of efforts.Wipro shifted from a centralised to decentralised management system. All responsibilities for growth lay with the management of each entity. "We tried to de-layer the organisation and empower our business leaders with a much higher degree of growth responsibility," said Premji. This practice gives the employee requisite time to explore areas for growth and the opportunity to innovate thereby strengthening the company's competitive position. The authority dispersal develops in the subordinate the ability to deal effectively with challenges and helps them to realise their full potential.

"Such a practice at Wipro further resulted in avoidance of duplication of work and helps in preventing confusion and minimising wastage of efforts".

Identify the significance of the function of management highlighted in the aforesaid statement.

Optimum utilization of resources

The correct answer is option 3- Optimum utilization of resources.

Optimum utilization of resources is the significance of the function of management highlighted in the given statement.

The statement emphasizes how Wipro's restructuring avoided duplication of work, prevented confusion, and minimized wastage of efforts. These are direct indicators of using available resources like time, effort, and manpower efficiently and effectively, which is exactly what optimum utilization of resources means.

Optimum utilisation of resources: Organising leads to the proper usage of all material, financial and human resources. The proper assignment of jobs avoids overlapping of work and also makes possible the best use of resources. Avoidance of duplication of work helps in preventing confusion and minimising the wastage of resources and efforts.