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Worksheet CH-1-BST-XII

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48 views2 pages

Worksheet CH-1-BST-XII

Uploaded by

Swet Dungrani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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THE MILLENNIUM SCHOOL

WORKSHEET

CLASS: XII BUSINESS STUDIES-I

1. 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 creches for the children of its employees.
a. Identify and explain the objectives of management discussed above.

2. Mr. Nitin 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
in support of your answer.

3. Jayant is working as Head Relationship Manager in the wealth management division of a


private sector bank. He has created an internal environment which is conducive to an effective
and efficient performance of his team of ten relationship management executive” A typical day at
work in Jay ant’s life consists of a series of interrelated and continue functions. He decides the
targets for his department which are in line with the objectives of the organization as a whole.
The future course of action for his team members is laid out well in advance. The various
resources required by the relationship managers like an iPad with GPS system, account opening
forms, brochures, details of account holders etc. are made readily available to them. The
executives are given sufficient authority to carry out the work assigned to them. Jayant works in
close coordination with the Human Resource Manager in order to ensure that he is able to create
and maintain a satisfactory and satisfied workforce in his department.Through constant guidance
and motivation, Jayant inspires them to realise their full potential. He offers them various types
of incentives from time to time keeping in view their diverse individual needs.Moreover, he
keeps a close watch on their individual performances in order to ensure that they are in
accordance with the standards set and takes corrective actions whenever needed.
In context of the above case:
a. Identify the concept being referred to in the following line, “He has created an internal
environment which is conducive to an effective and efficient performance of his team of ten
relationship management executives.”
b. Identify and describe the various functions of the concept as identified in part (a) of the
question by quoting lines from the paragraph.

4. Anju and Manju are good friends. Considering the fact that the activities involved in managing
an enterprise are common to all organizations, after completing their masters in business
management, both of them take up a job at managerial level in different organizations as per their
individual areas of interest. Anju takes up a marketing job in a retail company and strives to
increase sales whereas Manju joins an NGO and works diligently to realize its objective related
to providing employment to specially abled persons. Both of them have to perform a series of
continuous, composite, but separate functions. On some days, Anju may spend more time in
planning a future display layout and on another day, she may spend time in sorting out an
employee’s problem. Both Anju and Manju make conscious efforts to build a feeling of team
spirit and coordination among diverse individuals with different needs who work under them.
The effect of their management is noticeable in their respective departments as the targets are
met according to plans, employees are happy and satisfied, and there is orderliness in its
functioning rather than chaos.
In context of the above case:
Identify the various features of management highlighted in the above paragraph by quoting lines
from it.
5. Clean Sanity ware is a big company. Managing many employees at the same moment is a
challenge which this company always faces. Since the company has many departments it is
necessary for the company to ensure unity of action among various departments. The various
departments are human resources, marketing, finance, operations and sales. The employees are
always concerned about the company and are a useful resource to their organisation. Though they
have diverse interests and have to perform different activities the management ensures that the
efforts of the employees should be given a focus so as to achieve the organisation goals. The
different departments have their own interests but due to proper coordination the conflicts of
interest in the departments is minimized to a nil. When it comes to the employees the
organisation shows its concern. The career of employees is shown a developmental path through
proper training modules and job enrichment. Rajeev is a manager who takes care of all the duties
and responsibilities to be assigned to his employees in the department. He uses all sources to
develop a proper communication with them and leaves no attempt to motivate them. This year
the company has decided to give the best manager award to Rajeev for his contribution to the
organisation.
a. Which characteristics of coordination have been highlighted in the above case?
b. Which type of objective is fulfilled here?
c. At which level of management does Rajeev work?
d. Which function of management does he perform here? Also identify the lines in each case.

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