Organising — Business Studies STD 12 Commerce — Question

Malini is a well-known businesswoman in the field of publishing. She owes the success of her business to her own education in business management and her team of certified management consultants. Therefore, she decides to send both her children Darshit and Pihu abroad to acquire a degree in business management in their individual area of expertise. She feels that all over the world there is marked growth in management as a discipline, but still it is not considered to be a full-fledged profession for certain reasons.

1. Explain the reasons because of which Malini considers management as a discipline.
2. Critically examine the various reasons because of which management is not considered to be a full-fledged profession.

Explain the following, as features of Planning:

1. Planning is continuous.
2. Planning is futuristic.

Define planning. List any two limitations of planning.

Resolutions Pvt. Ltd. is a publishing company. Its book on Business Studies for class XII is in great demand. As a result, the employees in the marketing department are always racing against time. The employees have to work overtime and on holidays to cater to the demand.
Managers in the marketing department are under stress as they have to handle more than two territories. The work stress has led to dissatisfaction among the employees and managers.

1. Name and explain the step of staffing process which has not been performed properly.
2. State the next two stages immediately following the step identified in part ‘a’.
   
   

Distinguish between authority and responsibility on the basis of:

1. Direction or flow.
2. Delegation.
3. Origin.

Zenith Ltd. is a highly reputed company and many people wanted to join this company. The employees of this organisation are very happy and they discuss how they came in contact with this organisation.
Aman said that he was introduced by the present Sales Manager, Mr. John.
Benu said that he had applied through the newspaper and was appointed as the H.R. Manager.
Vaibhav said that he was neither related to any employee of the organisation nor was there any advertisement in the newspaper, even then, he was directly called from IIM Ahmedabad from where he was about to complete his MBA.

1. The above discussion is indicating an important function of management. Name the function of management.
2. The management function identified in part (1) follows a particular process. Explain the step of this process which is being discussed in the above paragraph.

What is the main objectives of financial management? Briefly explain.

With the help of an example, discuss in Odebrief, coordination.

The barriers to effective communication exist in all organisations. Explain any three measures to overcome these barriers.

How does planning reduce the risk of uncertainty?