Class 12 Business Studies Nature and Significance of Management: NCERT Solutions for Question 1
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?
Ritu being the manager of the northern division of the organisation is at the middle level management.
The middle level management is the link between top and low level managers. Her main role is to look after the implementation of the plan & policies that are decided & directed by the top management by directing and supervising the lower management.
Following are her basic furchions:
- To interpret the policies framed by top management.
- To ensure that her department has the necessary personnel.
- To assign the necessary duties and responsibilities to the person of their respective department.
- To motivate the personnel for achieving their desired goals.
- To cooperate with the other departments for smooth functioning of her organisation.
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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.
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The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of the business environment highlighted above.
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Management is a series of continuous interrelated functions. Comment.
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A company, Xylo limited, is setting up a new plant in India for manufacturing auto components. India is a highly competitive and cost effective production base in this sector. Many reputed car manufacturers source their auto components from here. Xylo limited is planning to capture about 40% of the market share in India and also export to the tune of at least ` 50 crores in about 2 years of its planned operations. To achieve these targets it requires a highly trained and motivated work force. You have been retained by the company to advise it in this matter. While giving answers keep in mind the sector the company is operating.
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