Business Environment — Business Studies STD 12 Commerce — Question

What is meant by ‘Leadership’?

At what level of management, managers are responsible for the welfare and survival of the organisation?

What type of barrier to communication takes place when a symbol or word of the message has more than one meaning?

Taylor believed that there was only one best method to maximise efficiency. This method can be developed through study and analysis. Which principle is indicated by Taylor?

Name the method of training in which the trainee learns under the guidance of a master worker.

Who determines the prices of new IPO?

Name the organisation which is based on rules and procedures.

State the role of personnel manager as staff manager.

The planning function of management is conducted at which level of management?

Shivani joins an IT firm as a system analyst after completing her masters in Computer Science. As the nature of her work demands she has to work in very close coordination with all the departmental heads in the firm. Very soon Shivani realises that each departmental head has own individual style of working. They differ greatly in their day-today approach to work. They tend to deal with a given situation, an issue or a problem through a combination of their own experience, creativity, imagination, initiative and innovation.
Identify the nature of management highlighted in the given case.