Planning — Business Studies STD 12 Commerce — Question

‘If anything goes wrong with the performance of key activities, the entire organization suffers. Therefore, the organization should focus on them’. Explain the statement with a suitable example.

Give two examples of impact on business organizations of changes in social environment.

In a particular company, no importance had been attached to the suggestions given by the subordinates. In 2014, the company appointed Mr Lotus as its Chief Executive Officer. He was an M.B.A. degree-holder from I.I.M. Ahmedabad with an experience of a decade. On assuming the charge of his office, he started a sort of campaign asking for suggestions from every big or small employee of the company. In a very short time, there were about 10,000 suggestions. After studying them intensively, about 1500 suggestions were implemented in different fields. This campaign fetched the company an additional profit of 50 crore rupees.

1. What principle of management will have been working behind Mr Lotus’ thinking?
2. What will be the effect of implementing these suggestions on the employees?

Explain how:

1. Adaptation to change.
2. Effective administration, make organising important.

Enumerate any six points of the characteristics of coordination.

Aman and Naman are good friends. Considering the fact that the activities involved in managing an enterprise are common to all organisations, after completing their masters in business management, both of them take up a job at managerial level in different organiasations as per their individual areas of interest. Aman takes up a marketing job in a retail company and strives to increase sales whereas Naman joins an NGO and works diligently to realise its objective related to providing employment to specially abled persons. Both of them have to perform a series of continuous, composite, but separate functions. On some days, Aman may spend more time in planning a future display layout and on another day, he may spend time in sorting out an employee's problem. Both Aman and Naman make conscious efforts to build a feeling of team spirit and coordination among diverse individuals with different needs who work under them. The effect of their management is noticeable in their respective departments as the targets are met according to plans, employees are happy and satisfied, and there is orderliness in its functioning rather than chaos.
Identify the various features of management highlighted in the above paragraph by quoting lines from it.

Srija runs an NGO under the name ‘Sarthak’ in Delhi. The organisation is engaged in offering waste paper recycling services to all kinds of institutions in the Delhi NCR region. It also manufactures custom made paper stationery out of recycled paper on order for the interested institutions at a very competitive price. The website of ‘Sarthak’ provides a link to a Careers site wherein the people desirous of joining the NGO can use simple Job Search to find the right opportunity for themselves. The NGO also keeps a database of unsolicited applicants in its office so that job seekers may be notified of future opportunities when they arise.
In context of the above case :

1. Identify the two sources of external recruitment being used by the NGO ‘Sarthak’ by quoting lines from the paragraph.
2. List any two values that Srija wants to communicate to the society.

If an organisation does not provide the right place for physical and human resources, which principle is violated? What are the consequences of it?

How the depository system is parallel to the banking system?

The production manager of ABC Ltd. instructs a salesman to go slow in selling the product, whereas the marketing manager is insisting on fast selling to reach the target.
Which principle of management is being violated in this case? State any two consequences of the violation of this principle.