Class 12 Business Studies - Chapter Nature and Significance of Management NCERT Solutions | Do you think management has the characte
Do you think management has the characteristics of a full-fledged profession?
Profession is an occupation for which specialized skills and knowledge are required. And entry in any profession is restricted as it requires specialized skills and some minimum educational qualification.
Characteristics of profession as a profession.
-
Well defined body of knowledge: Professions are based on a well-defined body of knowledge that can be acquired through instructions.
This characteristic of profession is applicable in management also as management is also based on a systematic body of knowledge comprising well-defined principles. -
Restricted Entry: Entry to a profession is restricted through acquiring an educational degree or through examination.
This characteristic of the profession is not applicable in management as there is no restriction on anyone being designated or appointed as manager in any business firm. But in today's world the organisation gives more preference to management graduates for the need of specialization. -
Professional association: Every profession is affiliated to a professional association which regulates entry and grants certificate of practice.
This characteristic of the profession is also not applicable in management. There are some associations of practising managers in India, like the AIMA (All India Management Association) that has laid down conduct to regulate the activities of their members. But there is no compulsion for a manager to be a member of the management association. -
Service Motive: The main motive of a profession is to serve their client's by providing them committed service.
This characteristic is not purely applicable in management as the main motive of management is to achieve the specific goal of the organisation. And that may be profit maximisation.
However, profit maximisation as the objective of management does not hold and is fast changing.
So, finally it can be said that management does not fulfil all the characteristics of the profession. But in today's growing world for status and recognition management is moving towards profession.
More Questions From Class 12 Business Studies - Chapter Nature and Significance of Management
- Q:-
Why is management considered to be a multi-dimensional concept?
- Q:-
Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
- Q:-
Management is a series of continuous interrelated functions. Comment.
- Q:-
List any two indicators of growth of an organisation.
- Q:-
Ashita and Lakshita are employees working in Dazzling enterprises dealing in costume jewellery. The firm secured an urgent order for 1,000 bracelets that were to be delivered within 4 days. They were assigned the responsibility of producing 500 bracelets each at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the stipulated time at the cost of Rs 55,000 whereas, Lakshita was able to produce only 450 units at a cost of Rs 90 per unit. State whether Ashita and Lakshita are efficient and effective. Give reasons to justify your answer.
- Q:-
Coordination is the essence of management. Do you agree? Give reasons.
- Q:-
Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames production department for producing goods, which are not of good quality meeting customers’ expectations. The finance department blames both production and marketing for declining return on investment and bad marketing. State the quality of management that the company is lacking? What quality of management do you think the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?
- Q:-
A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar. What decisions/steps should each level of management take to give effect to this decision?
- Q:-
Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
- Q:-
A firm plans in advance and has a sound organisation structure with efficient supervisory staff and control system but on several occasion it finds that plans are not being adhered to. It leads to confusion and duplication of work. Advise remedy.
Popular Questions of Class 12 Business Studies
- Q:-
How does planning provide direction?
- Q:-
What is meant by staffing?
- Q:-
Identify the network of social relationships which arises spontaneously due to interaction at work.
- Q:-
What is informal communication?
- Q:-
State the meaning of controlling.
- Q:-
What is meant by capital structure?v
- Q:-
What is a Treasury Bill?
- Q:-
State any two advantages of branding to marketers of goods and services?
- Q:-
What makes principles of management flexible?
- Q:-
Under which consumer right does a business firm set up consumer grievance cell?
Recently Viewed Questions of Class 12 Business Studies
- Q:-
Kaul Consultants have launched www.naukaripao.com exclusively for senior management professionals. The portal lists out senior level jobs and ensures that the job is genuine through rigorous screening process.
a. State the source of recruitment highlighted in the case above.
b. State four benefits of the above identified source of recruitment. - Q:-
What is the difference between delegation and decentralization?
- Q:-
(Further information related to the above question 6) The management of company Bhasin Limited now realised its folly. In order to rectify the situation it appointed a management consultant -Mukti Consultants - to recommend a restructure plan to bring the company back on the rails. Mukti Consultants undertook a study of the production process at the plant of the company Bhasin Limited and recommended the following changes —
• The company should introduce scientific management with regard to production.
• Production Planning including routing, scheduling, dispatching and feedback should be implemented.
• In order to separate planning from operational management ’Functional foremanship’ should be introduced.
• ‘Work study’ should be undertaken to optimise the use of resources.
• ‘Standardisation’ of all activities should be implemented to increase efficiency and accountability.
• To motivate the workers ‘Differential Piece Rate System’ should be implemented.
(The above changes should be introduced apart from the steps recommended as an answer to Part c - case problem 6 above.) It was expected that the changes will bring about a radical transformation in the working of the company and it will regain its pristine glory.
a. Do you think that introduction of scientific management as recommended by M consultants will result in intended outcome?
b. What precautions should the company undertake to implement the changes?
c. Give your answer with regard to each technique separately as enunciated in points 1 through 6 in the case problem. - Q:-
Explain Taylor’s concept of 'Mental Revolution' and its relevance today.
- Q:-
Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
- Q:-
Explain the techniques of managerial control.
- Q:-
The production manager asked the foreman to achieve a target production of 200 units per day, but he doesn’t give him the authority to requisition tools and materials from the stores department. Can the production manager blame the foreman if he is not able to achieve the desired target? Give reasons.
- Q:-
SanakLal and Gagan started their career in Wales Limited (a printing press) after going through a rigorous recruitment process. Since they had no prior work experience, the firm decided to give them one year to prove themselves. Name the principle of management followed by Wales Limited.
- Q:-
Explain the process of motivation with the help of a diagram.
- Q:-
What does the term ‘Span of management’ refer to?
- All Chapters Of Class 12 Business Studies
- All Subjects Of Class 12