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BUSINESS
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Business Studies Case studies for class 12th
Q 1 Sonu Nigam is a famous playback singer always time spend
time for practice and adds his creativity in his singing.
Like Sonu Nigam, Mr. Rajiv, a manager of headlines Ltd. use
his creativity and practice management principles under different situations to
manage the business. The employees are happy and satisfied as he every day
reward employees their punctuality and efficiency.
1. Identify the nature of management highlighted above.
2. Name the two other aspects of management.
3. Identify the values followed by Mr. Rajiv.
Q 2 Ajay and Sanjay are childhood friends, Sanjay had lost
his right hand in an accident in childhood. They meet after a long time in a
restaurant. on being asked, Sanjay tells Ajay that he feels very discouraged in
managing his family business after the death of his father as it doesn't match
with his extraordinary skills in management although he hasn't acquired any
professional degree in management.Therefore, he asks Sanjay to wind up his
business in Dubai as an Assistant in Sales and Marketing Division.
1. Can Sanjay be developed at the post of Assistant Manager
in Sales and Marketing Division though he hasn't acquired any professional
degree in management? Explain by giving suitable justifications in support of
your answer.
2.List any two values reflected in this act of Ajay.
Q 3 Mr. Singhania's father has a good business of iron and
steel. He wants to go to the USA for his MBA but his father thinks that he
should join the business. On the basis of emerging trends, do you think that Mr. Singhania
should send his son to the USA? Give any three reasons to support of your
answer.
Q 4 A group of certain believes that management is a
systematic body of knowledge that explain certain truth and is based on logical
observations.
Identify and explain the nature of management discussed in
above case.
Q 5 Ram has recently joined HMV 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
organization. Therefore, he ensured that his department has the required number
of employees and its cooperation with other departments is improved.
Identify the level at which Ram was working.
Also, state three more functions required to be performed by
Ram at
this level.
this level.
Q 6 XYZ Power Ltd. set up a factory for manufacturing solar
lanterns in a remote village as there was no reliable supply of electricity in
rural areas. The revenue earned by the company was sufficient to cover the
costs and the risks. As the demand of lanterns was increasing day- by-day, the
company decided to increase production to generate higher sales. For this/they
decided to employ people from a nearby village as very few job opportunities
were available in that area. The company also decided to open schools and crèches
for the children of its employees.
Identify and explain the objectives of management discussed
above.
State any two values which the company wanted to communicate
to the society.
Answers
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1. Nature of management highlighted above is
"Management as an Art".
The other two aspects of nature of management are:
·
Management as an Science
·
Management as a Profession.
Values:
1. Motivating employees for discipline and punctuality.
2. Good and
responsible behavior by rewarding employees.
Ans 2. Yes, Sanjay can be developed at the post of Assistant Manager in Sales and
marketing although he hasn't acquired any professional degree in management as
management is not considered to be a full fledged profession because of the
following reasons.
- · Restricted entry
- · Professional association.
The two values that are reflected in this act of Ajay are
compassion and responsibility
Answer 3.
Yes according to me Mr. Singhania should send his son to
USA for his MBA because management is being recognized as a profession to a
great extent because of the following reasons:
- · Well defined body of knowledge
- · ethical code of conduct
- · service motive.
Answer 4
Management as a science
- · Universal applicability.
- · Systematic body of knowledge.
- · Principles based on experimentation.
- · Standardized principles.
Ans 5
Ram is working at middle level of the management. The
three more functions that he has to perform at this level are stated below:
- · He has to assign duties and responsibilities to the people in his department.
- · He has to motivate the people in his department to achieve the desired objectives.
- · He has to interpret the policies framed by top management.
Ans 6 The objectives of management discussed above are:
- · Organizational objectives: An organization strives to achieve multiple organizational objectives in the interest of its stakeholders like owners, employees etc. The main organizational objectives are survival, profit and growth.
- · Social Objectives: It is the obligation of every organization to undertake such activities which will benefit the society at large like using eco-friendly methods, contributing towards weaker sections of the society, generating employment opportunities, promoting literacy etc.
· Rural development
· Promoting literacy
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