Download App

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

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management3 Marks
Question
Michael is working as Corporate Development Head in Adam Ltd. Name the managerial level at which he is working. State four functions which he will perform as a Corporate Development Head in this company.
✓

Answer

Michael is associated with Top level management. Being a Corporate Development Head, his job is to plan and execute wide range of strategies to meet the organisational objectives. He should perform the following functions of top level management:
  1. Analyse, evaluate and deal with the external environment.
  2. Determine the objectives of the business.
  3. Formulate the policies of the business.
  4. Create an organisational framework consisting of authority responsibility relationship.
  5. Integrate and coordinate the activities of different departments.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "3 Marks Question" from Nature and Significance of Management→Nature and Significance of Management — all question types→Business Studies STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Frequent transfers of employees may affect their productivity. In the light of this statement, discuss in brief any four limitations of internal sources of recruitment.
→
What is meant by supervision?
→
What do you mean by 'Noise'? How does it interfere in communication process?
→
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.
→
Explain the importance of interviews in selection process.
→
State three benefits/ advantages of Critical Point Control and Management by Exception.
→
Write a short note on directing.
→
Srija runs an NGO under the name ‘Sarthak’ in Delhi. The organisation is engaged in offering waste paper recycling services to all kinds of institutions in the Delhi NCR region. It also manufactures custom made paper stationery out of recycled paper on order for the interested institutions at a very competitive price. The website of ‘Sarthak’ provides a link to a Careers site wherein the people desirous of joining the NGO can use simple Job Search to find the right opportunity for themselves. The NGO also keeps a database of unsolicited applicants in its office so that job seekers may be notified of future opportunities when they arise.
In context of the above case :
  1. Identify the two sources of external recruitment being used by the NGO ‘Sarthak’ by quoting lines from the paragraph.
  2. List any two values that Srija wants to communicate to the society.
→
Josh Ltd. is a one of the largest two-wheeler manufacturer in India. It has a market share of about 42% in the two-wheeler category. The company had witnessed almost a 35% drop in the booking as the currency crunch was prompting people to withhold new purchases due to demonetisation. Therefore, the production manager of the company had decided to align production to factor in slower sales in the market.
In context of the above case :
  1. Identify and explain the function of management being discussed in the above lines.
  2. Which limitations of the function of management as identified in part (a) of the question was the production manager trying to overcome due to demonetisation ?
→
Distinguish between Formal and Informal organisations (give any three points).
→