Wednesday 4 April 2012

NATURE AND SIGNIFICANCE OF MANAGEMENT

DAY 1

OBJECTIVE TYPE QUESTION N ANSWER:

1. In order to be successful, an organisation must change its goals according to the needs of the environment. Which characteristic of management are highlighted in this statement ?
2. To meet the objectives of the firm, management of Angora Ltd. offers employment to physically challenged persons. Identify the organizational objectives it is trying to achieve.
3.  Name the level of management involved in
(a)  overseeing the activities of workers.   
(b)  Taking key decisions.
4. Name the level of management the following posts belong to :
 i.  Purchase Manager
 ii.  CEO
iii.  Supervisory level
5.  Bhavan is the manager of northern division of a large corporate house. At what level does he work in the organisation? What are her basic functions?
6. Lack of proper management results in wastage of time, money and efforts.” Do you agree with this statement? Give reasons in support of your answer.
7.  “Management is regarded as a perfect science like Physics or Chemistry.” Do you agree ? Explain in brief any 5 reasons.
8. “Management is neither as precise nor as comprehensive as natural and pure sciences are”. Why? Explain.
9. Your grandfather has retired as the director of a manufacturing Co. At what level of management was he working? What functions do you think he was performing at that level? State any four functions.
10 Your uncle is employed in Deepti Ltd., as a production manager. At what level of management is he working. State any three functions that he might be performing at that level.
11. Miss Amita is associated with Fortune Ltd. She told you that her workers have good relations with her. At what level of mgt. is she ?
12. Why management is necessary where there is a group of people working in an organisation?
13. What is the main focus of the management?
14. “Management is the process of getting things done to achieve goals effectively & efficiently” what is the process in the definition?
15. Can planning prevent problems?
16. Name that intangible force which creates productive relationship among resources of an organisation.
17. Why is management an intangible force?
18. Why is management necessary for all organisation regardless of whether they are big or small?
19. A petrol pump needs to be managed as much as a school or a hospital.” Which characteristic of management has been highlighted here?
20. Mr. Donald’s, the fast food giant, made major changes in its menu to be able to survive in the Indian market. Which characteristic of mgt. is highlighted.
21. What is the main objectives of any organisation?
22. Why does mgt. help people to adapt environment changes?
23. What should a mgt. do in order to ensure harmony in the organisation ?
24. A manager applies the various theories of mgt. in his unique personalized way ? What aspect of nature of mgt. does this statement indicate
25. There is no restriction in anyone being appointed or designated as a manager of any business enterprise. What aspect of management as a profession does this statement indicate ?
26. Ankit Enterprise Ltd. manufactures tea. The production department produces more of tea than required and sales department is not able to sell the total production. What quality of mgt. do you think the Co. is lacking ?

Answers 

1. It is highlighting- “Management is dynamic functioning”.
2. It is trying to achieve “Social objectives’.
3. (i) Supervisory level     (ii)Top Level.
4. (i) Middle level
(ii) Top level
(iii) Supervisory level.
5. He works at “Middle Level”.
His basic functions – List functions of middle management.
6.  Yes, I agree with the given statement. Mgt. is necessary in all organizations Importance of Mgt. (Points) in support of answer.
7. No, I don’t agree with the statement. Mgt. is an inexact science or soft science. It is neither as precise nor comprehensive as the natural as an pure science like Physics or chemistry. Actual mgt. is a social science which deals with human behavior in an organisation.
8. Mgt. is an inexact science or soft science. It is neither as precise nor comprehensive as the natural and pure science like Physics or Chemistry the principles of management are not-as exact as the principles of Sc., so their application and use is not universal.
9. Top level management.
Functions of top level management.
10 Middle level management             
 Functions of middle level management.                                               
11. Operational management.
Functions of operational management
12. To guide their efforts towards achieving a common objective.
13. The main focus of management is that the tasks are completed and goals are achieved (effectiveness) with the least amount of resources (efficiency)
14.The process in this definition means the primary functions or activities that a manager performs to get things done. These functions are planning, organizing, staffing, directing and controlling.
15. Planning cannot prevent problems but it can predict them and prepare contingency plans to deal with them.
16. Management
17.Management is necessary so that individuals make their best contribution towards group objectives.
18. Management is necessary so that individuals make their best contribution towards group objectives.
19. Management is all pervasive.
20. Management is a dynamic function.
21. The main objective is to utilize human & material resources to the maximum possible advantage i.e. to fulfill the economic objectives of a business survival, growth and profit.
22. Mgt. helps people to adapt environmental changes so that the org. is able to maintain its competitive edge.
23. Mgt. should reconcile the personal and organizational objectives.
24.Management is an art.
25. It is a profession but not a full fledged profession like medicine or law.
26. Co-ordination.

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