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

Explain any three functions performed by a supervisor that are vital to any organization.

Explain any three qualities of a good leader.

Define environment scanning.

Deewan Ltd. is a multinational consulting company with its headquarters at Washington D.C. It hires young people from different countries of the world.
It is a company in which people dream to work because of its work-environment, pay and growth prospectus. The company has a culture of open communication and people of various nationalities work together in a discrimination free environment. The behaviour of managers of Deewan Ltd. emphasizes kindliness and justice which ensures loyality and devotion of workers. It also promotes mutual trust and belongingness among team members. In this way management of Deewan Ltd. is able to achieve its objectives by promoting team work. By doing so managers of Deewan Ltd. are following some principles of management.
Identify and explain any two such principles.

After completing his bachelor's in computer science, Abhijeet joined an IT consultancy firm. He observed there that the senior management more often communicated failures than successes. They rarely shared any good news related to the growth of the firm or give any recognition to its employees for their extraordinary contributions towards the firm. As a result, Abhijeet never felt encouraged enough to work up to his full potential and started exploring other avenues for employment.
In context of the above case:
a. Identify and explain the element of directing in the absence of which the employees don't feel encouraged to work.
b. State the importance of this element as identified in part (a) by giving any two suitable points.

‘Study Buddy Pvt. Ltd.’ is company dealing in stationery items. In order to establish standards of excellence and quality in materials and in the performance of men and machines, the company adheres to benchmarks during production. Moreover, its products are available in limited varieties, sizes and dimensions thereby eliminating superfluous diversity of products.
Identify the technique of scientific management which has been adopted by ‘Study Buddy Pvt. Ltd.’

State any three functions performed by non-governmental organisations for consumer protection.

What is meant by 'functional structure' of an organisation? State its any two advantages.

How does 'marketing' help in satisfying wants of people?

What is meant by brand name? State any four characteristics of good brand name.