BUSINESS STUDIES

NATURE AND SIGNIFICANCE

OF MANAGEMENT
CHAPTER-1
MIND MAP
BUSINESS STUDIES BY JATIN RAJPAL (9711-45-45-46)
 CHAPTER-1
2
Om Sai Ram (YGN)

HOME WORK
NATURE AND SIGNIFICANCE Worksheet No.
OF MANAGEMENT
Name:- ___________ Roll No.:-_______ School__________________

T-1 (ELERNENTS)
Q 1. How does a successful organisation rise to the top? (1)
Q 2. “Successful organisation do not achieve their goals by chance but by following a deliberate process”
Name the process. (1)

T-2 (CHARACTERISTICS OF MANAGEMENT)

Q 1. Management is 'multi-dimensional'. Enumerate any two dimensions of management. (1)
Q 2. “In an organization, employees are happy and satisfied. There is no chaos and the effect of management is
noticeable.” Which feature of management is highlighted here? (1)
Q 3. Management functions are simultaneously performed by all managers all the time.
It indicates that management is _________________________________________.
Complete it. (1)

T-3 (OBJECTIVES OF MANAGEMENT)

Q 1. “Use of plastic polythene is abandoned by a company to package its product.” Which objective is being
achieved in this statement? (1)
Q 2. Alphe Computers Ltd. is a leading company in Computer Technology and IT services.The C E O o f t h e
company attributes the success of the company to its managerial team spirit, which have helped to
handle rapid changes in technologies and to transform threats into opportunities. Like any other
business enterprise, profits are important for survival and growth of Alpha Ltd. The company has a
strong sense of social responsibility. It has set up many educational institutions in which half of the
students are girls.
On the basis of the given information about Alpha Computers Ltd., answer the following:
(a) Identify and explain the objectives of the company discussed in the above para. Also quote the
lines for the identified objectives.
(b) Identify any two values which the company is trying to communicate to the society. (3)

T-4 (IMPORTANCE OF MANAGEMENT)

Q1 Neha Duggal works as the cost and risk management head of a company in power sector. As a result of
her excellent managerial competence, the company is able to reduce costs and increase productivity. The
company belongs to infrastructure sector wherein regular amendments are made in the government
regulations and policies. She holds regular meetings to ensure that people in her department are not only
aware of the related changes but are also able to adopt these changes effectively. This helps the company
to maintain its competitive edge. She motivates and leads her team in such a manner that individual
members are able to achieve personal goals while contributing to the overall organizational objectives. In
the process of fulfilling her duties for growth of the organisation, she helps in providing competitive
services, adopting new technology, creating more employment. Opportunities, etc. for the greater good of
the people at large. (6)
Identify the various reasons highlighted above by quoting the lines that have made management so important.

Business Studies By Jatin Rajpal (9711-45-45-46) 1

 T-5 (NATURE OF MANAGEMENT)
Q 1. “To get information about a project is science and putting that information to practice is an art”. Explain
the meaning of 'Science' and 'art' is this context. (3)

T-6 (LEVELS OF MANAGEMENT)

Q 1. AXE Ltd. wants to modify its existing product, DVD player in the market due to decreasing sales. State
the functions of each of management to give effect to this decision of the company. (6)

T-7 (COORDINATION)
Q 1. Rachna Ltd. believes in coordination among departments and activities.The company r e l i e s h e a v i l y o n
professional coordination. For this, the company takes steps throughout the year. Coordination is kept in
mind by all the managers regardless of the level they are working at. Throughout the year, the various
activities are synchronised without failure. Every departments ensures that with employee and operation
is guided by the theme of proper coordination. Whenever an employee takes an action he consults
others, whenever needed, thus properly contributing to his team. The process of coordination is just not
limited to the employees. Even at the departmental level, the various departments use this binding force
to create perfect harmony among them so that the organisational goals can be fulfilled. All the
coordination that occurs in the organisation is a result of proper training and premeditated attempts by
the company to get the best results possible.
Identify the characteristic of coordination mentioned above and quote the related lines. (6)

Business Studies By Jatin Rajpal (9711-45-45-46) 2