हिंदी

Explain How Management Helps in the Development of Society. - Business Studies

Advertisements
Advertisements

प्रश्न

Explain how management helps in the development of society.

Advertisements

उत्तर

Management helps in the development of society by providing good quality products at reasonable prices, creating employment opportunities for people and using new and improved technology

shaalaa.com
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2014-2015 (March) All India Set 2

संबंधित प्रश्न

What is meant by 'effectiveness' in management?


State any three objectives of management


What is meant by management ?


“Management is universal.” Comment.


Answer the following question.
Management is a complex activity that has three main dimensions. Explain these dimensions.


What is Management?


According to the nature of management, Management can be considered as ______.


Unlike professions such as medicine or law which require a practising doctor or lawyer to possess valid degrees, nowhere in the world is it mandatory for a manager to possess any such professional degree. Identify the characteristic of the profession being discussed above which is not being strictly met by management.


Successful organisations do not achieve goals by chance but by following a deliberate process known as


Discuss the basic features of management as a profession.


Read the following text and answer the following question on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

"In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions." What is the objective mentioned here according to the process stated here?


Which study is the study of movements?


Management is the process of designing and maintaining an environment in which ______. work together ______, efficiently and effectively accomplishing selected aims. 


Read the following text and answer the questions given below:

Vinay was the Chief Operating Officer of 'Easy Solutions Ltd.', a company providing advanced software solutions to Indian Defence Services. They had been carrying on business successfully for the last twelve years and earning enough profits. But from the last one year, they realised that though the business is getting big orders which are being fulfilled on time, even then the revenues kept on decreasing. Vinay was not-able to find out where the problem was. He started keeping a close check on the progress of activities as he could sense that something was wrong. He wanted to take some action before any major damage could be done to the business. Vinay appointed a cyber security expert who monitored the company's processes and found out that the computer operator was deleting the entries from the computers and pocketing the revenues. He was caught and handed over to the police. This created an atmosphere of order and discipline in the organisation and helped in minimizing dishonest behaviour on the part of the employees.

What corrective action did Vinay take?


The management of a bag manufacturing company has recently changed. Due to this, an improvement can be felt in the way company functions. Now, targets are met according to plans, whereas, earlier deadlines were never given importance. Now there is orderliness, instead of chaos in the organisation and the employees are happy and satisfied.

From the following identify the characteristic of management which is highlighted in the above case:


Assertion (A): Management is concerned with efficient use of resources.

Reasoning (R): For management both efficiency and effectiveness need to be balanced.


Mohan, the manager of a business organisation, is very lax with his employees and subordinates. He does not give them parameters or rules for reporting to work and deadlines for completion of assignments.

Which principle of management given by Henri Fayol is NOT being followed by Mohan?


What function of management involves arranging resources and assigning chores in a family or organization?


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×