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Explain significance of principles of management.
Concept: Significance of Management Principles
Explain 'Universal Applicability' as a feature of principles of management.
Concept: Concept of Management Principles
Explain Meeting Changing Environment requirements.
Concept: Significance of Management Principles
Explain any three limitations of ‘Planning’.
Concept: Limitation of Planning
Answer the following question.
Varsha Jain after completing her fashion designing course form the Indian Institute of Fashion Technology planned to enter into designer clothing venture. She had to address issues like her target customers, the channel of distribution to be used, pricing policy, etc. identify the type of plan that Varsha Jain needs to develop to provide direction and scope to her organization in the long run.
Concept: Types of Plans
‘The pros and cons of each alternative need to be weighed.’ Name and briefly explain the logical steps in the process of planning which are followed by a manager before performing the step highlighted in the above statement.
Concept: Planning Process
State any three limitations of divisional structure of an organisation.
Concept: Structure of Organisation
Differentiate between formal and informal organization on the basis of the following:
Meaning
Concept: Structure of Organisation
Differentiate between formal and informal organization on the basis of the following:
Origin
Concept: Structure of Organisation
Differentiate between formal and informal organization on the basis of the following:
Authority
Concept: Structure of Organisation
Differentiate between formal and informal organization on the basis of the following:
Nature
Concept: Structure of Organisation
Answer the following question.
Voltage fluctuations have been common and quite high in India. They harm our electrical appliances like televisions, refrigerators, and air conditioners, often leaving them in a permanently damaged condition. N-Guard Company decided to manufacture stabilizers for North India where the voltage fluctuation ranges from 220 V to 230 V. Once the demand for North India was taken care of, they decided to launch stabilizers of varying voltages from 90 V – 260 V for meeting the requirements of voltage fluctuations in other regions of India also. Three engineers were appointed for South, West and East regions of India, as the voltage was different in all the three regions.
Though all the engineers were appointed to manufacture stabilizers but the product differed from region to region.
(a) Identify the organisational structure of the N-Guard Company.
(b) State any two advantages and two limitations of the structure identified in the above para.
Concept: Structure of Organisation
How is training in an organisation beneficial ‘for employees’? State by giving any four reasons.
Concept: Aspects of Staffing > Training and Development
Explain 'Internship' as a method of training.
Concept: Methods of Training
Answer the following question.
State 'Job Enrichment' and 'Employee Participation' as non-financial incentives. How do they motivate employees?
Concept: Motivation> Financial and Non-Financial Incentives
State the role of 'Speed Boss' in functional foremanship.
Concept: Functions of Management >> Controlling
Name and state the aspect of financial management that enables to foresee the fund requirements both in terms of 'the quantum' and 'the timings'.
Concept: Concept of Financial Planning
Explain the following as factor affecting the requirements of fixed capital:
Scale of operations
Concept: Fixed Capital
Explain the following as factor affecting dividend decision:
Stability of earnings
Concept: Financial Decisions> Financing Decision
Explain the following as factor affecting dividend decision:
Growth opportunities
Concept: Financial Decisions> Financing Decision
