Staffing — Business Studies STD 12 Commerce — Question

Define Business Environment. State any three of its features.

Sudhir is working as a purchase manager in a power sector compahy. All his subordinates hold him in high regard for his exceptional managerial skills. On one hand, as a manager, he is a tough task master and expects strict compliance to the organisational rules and procedures from his subordinates. On the other hand, he makes conscious efforts to develop rapport with his subordinates by interacting freely with them during the lunch breaks in the cafeteria. Many a times these chit chats helps him to get an insight into the views and opinions of his team members about the policies of the organisation.
In the context of the case :

1. Identify and explain the two types of organisations have been discussed.
2. State any three differences between the types of organisations as identified in part (a) of the question.

'Advertising is often deceptive and misguides consumers'. Do you agree? Give reasons in support of your answer?

What do you mean by external environment?

What do you understand by insider trading?

Your grandfather has retired as the Director of a manufacturing company. At what level of management was he working? What functions do you think he was performing at that level? State any two,

The Marketing Manager of Surya Bulb Limited fixed the target for all his Sales Executives and gave them all the possible authorities to achieve it. They were asked to submit to him their performance report at the end of the month. All of them did the same. On the receipt of the report, the expected and actual results of the Sales Executives were compared. On this basis planning for the future was done. The Sales Executives also wrote in their report what the expectations of the customers from the company were. Majority of them had written that they (customers) wanted the company to cooperate in the construction of the Dharamshala going on in the city at that time. The Marketing Manager placed this demand of the customers before the Board of Directors. This was happily accepted.

(1) Identify the two functions of management described above by quoting the relevant lines.
(2) Which two values are being given to society ?

Discuss three disadvantages of divisional organisation structure.

How do the techniques of time study and motion study help in improving the efficiency level?

List any three examples of social objectives of management.