Controlling — Business Studies STD 12 Commerce — Question

Kiran Industries is a company manufacturing office furniture. The company chose to diversify its operations to improve its growth potential and increase market share. As the project was important, many alternatives were generated for the purpose and were thoroughly discussed amongst the members of the organisation. After evaluating the various alternatives Sukhvinder, the Managing Director of the company decided that they should add 'Home Interiors and Furnishings' as a new line of business activity.(a) Name the framework, which the diversified organisation should adopt, to enable it to cope up with the emerging complexity? Give one reason in support of your answer.(b) State any two limitations of this framework.

State any five points that highlight the importance of 'controlling' function of management.

The court passed an order to ban polythene bags as

1. These bags are creating many environmental problems, which affect the life of people in general.
2. Society, in general, is more concerned about the quality of life.

The government decided to give subsidy to jute industry to promote this business.

1. Innovative techniques are being developed to manufacture jute bags at low rates.
2. Incomes are rising and people can afford to buy these bags.

Identify the different dimensions of business environment by quoting the lines from the above particulars.

Explain ‘Internship’, ‘Vestibule Training’ and ‘Job Rotation’ as the types of training.

Explain the various leadership styles.

Why is delegation considered essential for effective organising?

You are a Finance Manager of a newly established company. The Directors have asked you to determine the amount of Fixed Capital requirement for the company. Explain any four factors that you will consider while determining the fixed capital requirement for the company.

What is meant by ‘Functional Structure’ of an organisation? State any four advantages of this form of organisational structure.

A company was marketing ‘Juicers’ which were very popular due to their quality and after-sale - services provided to the customers. The company was a leading company in the market and earning huge profits. Because of huge profits, the company ignored the after-sales services. As a result its relations with the customers got spoiled and the image of the company in the public was damaged. Top management became concerned when the profits for the current quarter fell steeply. On analysis, it was revealed that ignoring the after sales services was its reason. Therefore, the company took all possible measures to protect and promote its favourable image. As a result the goodwill of the company improved in the society.
i. Name and state the communication tool used by the marketer in the above case to improve its image.
ii. Also explain role of the tool as identified in Part (i).

“Sound Financial Planning is essential for the success of any enterprise.” Explain this statement by giving any six reasons.