Nature and Significance of Management — Business Studies STD 12 Commerce — Question

Why is it said that management principles are less than perfect?

Assume you are the the manager of Raj Enterprises. At one of the meeting held recently, the CEO of the company announced a plan to use new technology in manufacture of components parts of the automobile.
Since the CEO had not taken either the engineers in the company or the other employees in confidence before making this announcement, it was misinterpreted. The employees believed the new technology would threaten their existence. They immediately planned a strike. no
In this case, there was distortion in communication. Suggest two points for effective communication.

If new products are introduced in market by new technique, which type of environment is indicated by it?

Manuj bought a packet of chips from a local shopkeeper and found that the ingredients given on the label were not legible. He complained about it to the company. The company sent a written apology stating that they will make sure that existing packets are withdrawn from the market and new packets with legible labels are soon made available.
State the consumer right which Manuj exercised.

'Management is the systematised body of knowledge that explains certain general truths'. Explain.

Give the name of the barrier mentioned through the following statements:

1. These are concerned with problems and obstructions in the process of encoding and decoding of message into words or impressions.
2. A worried person cannot communicate properly and an angry receiver cannot understand the real meaning of message.
3. Factors relating to organisation structure, authority relationships, rules and regulations may act as barriers.
4. Personal factors of both sender and receiver may exert influence on effective communication.

Planning is done for achieving the organisational goals.’ Do you agree? Give one reason in support of your answer.

For whom is internship suitable?

How ‘employee development’ is possible through delegation of authority?

Smriti works as a marketing manager in a small company. The company has recently launched a new brand of room fresheners through aggressive promotion. However, the product is less in demand and its sales are low. Smriti decides to study the reasons for the poor likability of the product through a market research. Keeping in view the volume of work, she knows it will be impractical for her to handle it all by herself. In order to share her work, she deploys a team of executives. She gives them the necessary authority and assigns them the responsibility to conduct the research and report back to her so that she can make the decisions.
In the context of the above case :
Identify and explain the concept used by Smriti to share her work and authority with her subordinates.