Class 12 Business Studies - Chapter Nature and Significance of Management NCERT Solutions | A company wants to modify its existing p
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?
There are three levels of management top level, middle level and lower level. And all the three levels of management will have to work together for modification of the product with the motive of increasing Sales.
1. Decisions should be taken by top level of management are:
- Direction of modification after scanning the environment.
- Deciding sales targets and various sales plans and sales incentives.
- To determine how to enhance the value of the product in qualitative terms?
- Marketing and promotional techniques are required for increasing sales.
2. Steps should be taken by middle level management are:
- To interpret the rules and policies framed by top management to the lower level management.
- To hire the personnel with required skills and qualifications.
- Assigning responsibility as per capability and establishing the Supervisor - Subordinate relationship.
- To motivate the people to achieve the desired target/goals.
- To cooperate with all departments and their members.
- To take the feedback and arrange the follow-up meetings.
3. Decisions should be taken by lower level management are:
- To help and direct the workers about how to do the work.
- To interpret the desired targets to the work force and labourers.
- To reduce the wastage and motivate the workers so that they can give their best.
- To communicate the grievance and feedback to the middle management.
- Maintaining Safety Standards.
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:-
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.
- Q:-
Management is considered to be both an art and science. Explain.
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:-
The workers of a factory are unable to work on new machines and always demand for help of supervisor. The Supervisor is overburdened with their frequent calls. Suggest the remedy. (Hint: training)
- Q:-
Explain the techniques of managerial control.
- Q:-
Explain any four points regarding significance of principles of management.
- Q:-
Explain the factors determining the choice of channel of distribution.
- Q:-
How does understanding of business environment help in improving performance of a business?
- Q:-
Enumerate the various Acts passed by the Government of India which help in protection of consumers’ interests.
- Q:-
National Digital Library of India (NDL India) is a pilot project initiated by the HRD ministry. It works towards developing a framework of virtual repository of learning resources with a single-window search facility. It provides support to all academic levels including researchers, life-long learners and differently-abled learners free of cost. State the dimensions of business environment highlighted above.
- Q:-
Mr.Arfaaz had been heading the production department of Writewell Products Ltd., a firm manufacturing stationary items. The firm secured an export order that had to be completed on a priority basis and production targets were defined for all the employees. One of the workers, Mr. Bhanu Prasad, fell short of his daily production target by 10 units for two days consecutively. Mr. Arfaaz approached MsVasundhara, the CEO of the Company, to file a complaint against MrBhanu Prasad and requested her to terminate his services. Explain the principle of management control that MsVasundhara should consider while taking her decision. (Hint: Management by exception).
- Q:-
A marketer of colour TV having 20% of the current market share of the country aims at enhancing the market share to 50 per cent in next three years. For achieving this objective he specified an action programme. Name the function of marketing being discussed above. (Ans. Marketing planning.)
- Q:-
What are industrial products? How are they different from consumer products? Explain.
- All Chapters Of Class 12 Business Studies
- All Subjects Of Class 12