An environmental conscious multinational company "AXN Ltd." follows certain well-defined business principles that result to minimize employee turnover. Following are some of the important environmental factors followed by 'AXN Ltd.'
(1) Honour the law of every country in which it operates.
(2) Respect the culture and customs of all nations.
(3) Provide clean and safe products to enhance the quality of life throughout the world.
(4) Develop a culture in the company that enhances individual creativity and teamwork while honouring mutual trust and respect between management and labour.
From the above:
(i) Identify and state any one general principle of management and anyone dimension of a business environment.
(ii) Also identify any two values which the above guiding principles and environmental factors are conveying to society. (CBSE BOARD 2015)
Answer: (i) Principle of management:
a) Stability of personnel
b) Esprit de corps
Dimension of business environment:
a) Legal environment.
b) Social environment.
(ii) Values being conveyed:
a) Respect for law
b) Cleanliness and hygiene
c) Raising standard of living
- How can the firms cope with changing technological environment?
- What do you mean by Liberalisation?
- How have customers benefited from increased competition after liberalization and globalization?
- Which of the sector was given importance after independence?
- What is a Business Environment?
- Discuss the following techniques of Scientific Work-Study:
- Explain the importance of management principles
- Explain why is it said that principles of management are 'mainly behavioural' and 'contingent' in nature. Also, explain how principles of management 'provides managers with useful insights into reality and 'helps in thoughtful decision-making
- Explain the Features of the principles of Management
- ‘Discipline is a double-edged tool’ Comment
- "Derivation of management principles may be said to be a matter of science." Explain
- "Management principles are evolutionary." Explain
- How are management principles derived?
- Explain why is it said that principles of management are 'mainly behavioural' and 'contingent' in nature. Also, explain how principles of management 'provides managers with useful insights into reality and 'helps in thoughtful decision-making. (CBSE 2016)
- What is meant by the flexibility of principles of management?
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- Name the organizational structure which helps in increasing managerial and operational efficiency. (CBSE 2016)
- What do you mean by Mental Revolution?
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- State the role of 'route clerk' in functional foremanship. (CBSE Board 2016)
- State the technique of scientific management which is the strong motivator for a worker to reach standard performance
- What is meant by Management principles?
- State the role of 'Gang Boss' in functional foremanship
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- ‘Management provides judgement and vision’. Explain?
- Rishitosh Mukherjee has recently joined AMV Ltd, A company manufacturing refrigerators. He found that his department was understaffed and other departments were not cooperating with his department for smooth functioning of the organisation. Therefore, he ensured that his department has the required number of employees and its cooperation with other departments in improved.
- Ashutosh Goenka was working in 'Axe Ltd.', a company manufacturing air purifiers. He found that the profits had started declining from the last six months. Profit has an implication for the survival of the firm, so he analysed the business environment to find out the reasons for this decline.
- What is meant by 'Management'? Explain any three features that establish it as an Art
- ABC ltd. is facing a lot of problems these days. The company’s profit margin is declining day by day. The production manager is blaming marketing management whereas marketing is blaming the production department for not maintaining the quality. The finance department is blaming both. What quality of management do you think is lacking. Explain it briefly.
- Explain the features of management that do not establish it as a profession. ( CBSE Board-2016)
- 'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost-benefit?' Give a reason in support of your answer. (CBSE Board 2016)
- A company’s target production is 5000 units in a year, to achieve this target the manager has to operate in double shifts due to power failure. The manager is able to meet the target but at a higher production cost. Is the manager efficient or effective?
- An achievement of which organizational objectives results in “an increase in sales volume, increase in the number of employees, no of products, and increase in capital investment’
- State any two points which prove that management is multi-dimensional?
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- List any two social objectives of management. (CBSE Board -2011, 2010)
- 'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit’? Give a reason in support of your answer? (CBSE Board- 2016)
- “A collection of diverse individuals with different needs but working towards fulfilling the common organizational goals” this statement highlights which characteristic of management?
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- What is meant by management? (CBSE Board -2011 )
- The management principles can be applied to all types of activities. Which type of characteristics is highlighted by this statement? (CBSE Board -2008)
- The Activities involved in managing an enterprise are common to all organizations whether economic, social or political. Which characteristics of management is highlighted by this statement?