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Malini is one of the most successful Board of Directors of her company, ‘Dharam Ltd.’ An aspect of the nature of management is being highlighted in the above description. Identify the aspect. - Commerce

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Question

Malini is one of the most successful Board of Directors of her company, ‘Dharam Ltd.’ She uses her creativity and initiative in handling challenging situations at work. The knowledge gained by her during her student days at a renowned management institute as well as through her observation and experience over the years is applied by Malini in a skilful manner in the context of the realities of a given situation. She often reads books and other literature in various fields of management to keep her knowledge updated.
  1. An aspect of the nature of management is being highlighted in the above description. Identify the aspect. (1)
  2. Explain any three features of the aspect identified in part (i). (3)
  3. As a successful manager, discuss any two objectives she wants to achieve. (2)
  4. Enumerate any two functions which Malini performs in Dharam Ltd. (2)
Case Study
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Solution

  1. Management as an Art
    • Personalised Application: Malini applies her knowledge creatively and skilfully in real work situations. This shows that management is a personalised skill, developed through experience.
    • Theoretical Knowledge: Malini gained knowledge during her studies at a management institute and continues to read books to update herself. This indicates that management is based on established principles and theories.
    • Practice and Creativity: Malini uses her initiative and creativity to deal with challenging situations. Just like an artist, a manager must use creativity and personal judgement.
    • Organisational Objectives: Achieving the goals of ‘Dharam Ltd.’ by using resources efficiently, such as increasing productivity or expanding market reach.
    • Personal Objectives (Employee Welfare): Ensuring employees grow, learn, and feel motivated while maintaining a healthy work-life balance.
    • Planning: She sets goals and strategies by observing the realities of situations and applying her knowledge effectively.
    • Directing: She guides, motivates, and leads her team to face challenging situations and achieve objectives with creativity and confidence.
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Chapter 5: Management - Meaning, Nature and Importance - QUESTIONS [Page 148]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 5 Management - Meaning, Nature and Importance
QUESTIONS | Q 29. | Page 148
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