Case Studies on Business Studies Class 12 Chapter 1 Nature and Significance of Management

NATURE & SIGNIFICANCE OF MANAGEMENT

1. In a company, the target production of 100 garments per month was estimated at cost of Rs 200 per garment.

Mohan worked double shift and manufactured around 150 garments at the cost of Rs 230 per garment.

Ravi manufactured 90 garments at the cost of Rs 190 per garment.

Samir achieved the target of 100 garments at the cost of Rs 200 per garment.

1. Identify the quality possessed by Ravi, Mohan and Samir. Also point out where they are lacking.

2. Which worker is preferred by management?

2. In a company, profits are declining. The sales department blames production department for low quality and the production department blames purchase department for not supplying good quality parts. Which quality of management is lacking in the above case?

3. Management of Z Ltd has installed a special recycling plant to recycle the waste instead of dumping the waste in ground. It is also providing employment opportunities to local residents. Company started a school for the children of their employees.

1. Identify the objectives fulfilled by company.

2. Quote the lines from above para which indicate those objectives.

4. Mr. Raj, manager of XYZ Ltd. uses his creativity and practice management principles under different situations to manage the business. The employees are happy and satisfied as he rewards employees for their good work. Identify the nature of management highlighted above.

5. In an organisation, sales department wants to increase sales by 20% so sales department planned to offer extra discounts to customers. Finance department raised objection on it as they say it will result in loss of revenue.

1. Name the importance of coordination referred here.

2. State other two importance of coordination.

6. Rohan is working as foreman in an organisation. At what level is he working? State two functions performed in that level.

7. Rishitosh Mukherjee has recently joined AMV Ltd, a company manufacturing refrigerators. He found that his department was under staffed and other departments were not cooperating with his department for smooth functioning of the organisation. Therefore, he ensured that his department has the required number of employees and its cooperation with other departments is improved.

1. Identify the level at which Rishitosh Mukherjee was working.

2. Also, state three more functions required to be performed by Rishitosh Mukherjee at this level.

(CBSE 2017)

8. Three groups of employees of “Krishna Ltd” are working at different posts. The first group of employees is responsible for welfare and survival of the organisation. 

The second group of employees is responsible for maintaining quality and safety standards and minimising wastages. The responsibility of third group of employees is to explain the policies decided by the top management and developing the feeling of cooperation among all the departments of the company.

1. Identify the concept of management described in the above paragraph.

2. Quoting the lines from the above para, Identify the three types of the concept identified in part ‘a’.

9. The management of “Vijaya Ltd” has done proper arrangement for all the resources of men, machines, material and capital for its business. A special attention has been paid to the running of all the activities properly. Several competitor companies were using imported modern machines. Influenced by them, this company also had to install similar machines. Before the employees could protest against this technology, they were given the training in it. Hence, the employees accepted this change happily. The company felt happy with their work and rewarded them. The management had directed all employees to have free and informal communication, give suggestions, lodge complaints and even talk about their personal matters. Identify the three points of importance of management described in the above paragraph by quoting the relevant lines.

10. Neha argues that management is required in all kinds of organisations, whereas Priya feels that management is not required in non-business organisations like school, club, hospitals etc. Who is correct? Give reason.

11. “ An organisation is a collection of diverse individuals with different needs”. Which characteristic of management is highlighted above?

12. “A business needs to add to its prospects in the long run.” Identify the organisational objective highlighted in this statement. List other two organisational objectives.

13. Is management concerned only with doing the right task and achieving goals without taking into consideration the cost benefit? Give reason.               

14. “It is the process of achieving unity of action among interdependent activities and departments of an organization” Name the concept of management.

15. Which level managers are responsible for coordination? (2015 C)