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

What shopping products have been purchased by you/ your family in the last six months. Make a list and specify what factors influenced the purchase of each of these products.

Wazir Ahmed joins ‘Ashiyana Ltd.’ a company dealing in real estate, as a human resource manager. Through a series of interactions with his team during lunch breaks, he comes to know that quite a few managers at middle and senior levels have recently left the organisation as their promotions were overdue. Therefore, in order to reinstate the confidence of the staff, he lays out a clear cut plan consisting of a set of general guidelines for both time bound and performance related appraisals of the mangers at all levels. Moreover, he develops standardized processes containing a series of steps specified in a chronological order for its implementation.
In context of the above case :

1. Identify the two different types of plans that Wazir Ahmed proposes to implement in order to reinstate the confidence of the staff by quoting lines from the paragraph.
2. Distinguish between the two types of plans as identified in part (a).

The workers of a factory remain idle because of lack of knowledge of hi-tech machines. Frequent visit of engineer is made which causes high overhead charges. How can this problem be removed.

What are external sources of recruitment? Give any two common external sources of recruitment.

Financial management is concerned with inflow and outflow of money. Do you agree? If yes, How?

How does organising help in coordination and adaptation?

A leader solves the problems relating to work and the personal problems also of the followers. Which values he is following here?

How does control simplify the task of a supervisor?

Explain the principle of management-remuneration of employees.

Give two instances of impact of changes in political environment on companies.