Planning reduces creativity. Critically comment.(Hint: both the points - Planning promotes innovative ideas and planning reduces creativity – will be given).
Planning is a very important and challenging function because it provides direction and reduces the risk of uncertainty by preparing forecasts. It is an intellectual process which involves finding better ideas and better methods to perform a particular job. And the planning process is carried out by the top management level and the rest of the members just implement these plans.
They are neither allowed to take part in the planning process nor permitted to act on their own. And this leads to reduction in creativity and innovation.
Popular Questions of Class 12 Business Studies
- Q:-
What are the steps taken by management in the planning process?
- Q:-
Why is management considered to be a multi-dimensional concept?
- Q:-
Explain the procedure for selection of employees.
- Q:-
How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
- 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:-
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.
b. State the features of Demonetization. - Q:-
Define scientific management. State any three of its principles.
- Q:-
Explain the qualities of a good leader? Do the qualities alone ensure leadership success?
- Q:-
Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
- Q:-
Management is a series of continuous interrelated functions. Comment.
Recently Viewed Questions of Class 12 Business Studies
- Q:-
What are the steps taken by management in the planning process?
- Q:-
In an attempt to cope with Reliance Jio’s onslaught in 2018, market leader Bharti Airtel has refreshed its ₹ 149 prepaid plan to offer 2 GB of 3G/4G data per day, twice the amount it offered earlier. Name the type of plan is highlighted in the given example. ? State its three dimensions also.
- Q:-
Discuss the role of intermediaries in the distribution of consumer non-durable products.
- Q:-
‘Human resource management includes many specialized activities and duties.’ Explain.
- Q:-
Explain the procedure for selection of employees.
- Q:-
Why it is important for business enterprises to understand their environment? Explain.
- 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:-
What is marketing? What functions does it perform in the process of exchange of goods and services? Explain.
- Q:-
Amrit is running a ‘transport service’ and earning good returns by providing this service to industries. Giving reason, state whether the working capital requirement of the firm will be ‘less’ or ‘more’.
- Q:-
A company wants to increase its market share from the present 10% to 25% to have a dominant position in the market by the end of the next financial year. Ms Rajni, the sales manager has been asked to prepare a proposal that will outline the options available for achieving this objective. Her report included the following options - entering new markets, expanding the product range offered to customers, using sales promotion techniques such as giving rebates, discounts or increasing the budget for advertising activities. Which step of the planning process has been performed by Ms Rajni?
- NCERT Chapter