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Explain How Management Helps in the Development of Society. - Business Studies

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प्रश्न

Explain how management helps in the development of society.

उत्तर

Management helps in the development of society by providing good quality products at reasonable prices, creating employment opportunities for people and using new and improved technology

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Concept of Management
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2014-2015 (March) All India Set 1

संबंधित प्रश्न

What is meant by 'effectiveness' in management?


State any three objectives of management


What is meant by management ?


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.


"Management is universal" Comment.


Explain the concept of management.


A manager obtains the required capital at 12% interest while the prevailing rate of interest happens to be10%. How would you describe such a manager?


Silico Ltd. has appointed the former Consulting executive of Shri Shakti Ltd. Rajan Bahl as its Vice President. What will be his basic task?


Efficiency is concerned with


Discuss the basic features of management as a profession.


Which statement is correct regarding division of work?


Which of the following feature of management involved in managing an enterprise is common to all organisations whether economic, social or political :


McDonald's keeps introducing new variety of Burgers in its menu. Which characteristic of management is highlighted in this?


The management of a bag manufacturing company has recently changed. Due to this, an improvement can be felt in the way company functions. Now, targets are met according to plans, whereas, earlier deadlines were never given importance. Now there is orderliness, instead of chaos in the organisation and the employees are happy and satisfied.

From the following identify the characteristic of management which is highlighted in the above case:


Akash works as a production manager in ‘Elite Enterprises’ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ ₹ 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ ₹ 220 per unit.

Identify from the following whether Akash is:


Monika, Rashmi and Garima are childhood friends. After completing their education, Monika joined a school as a teacher. Rashmi joined a firm as a Chartered Accountant and Garima as a General Manager in a Multi-National Company. After a long time in a re-union function of the school, they met each other. Rashmi said that they were all professionals now. Garima told Rashmi that she can say this about Monika and herself, but not about her since Manager is not considered a full-fledged professional.

Why did Garima say that she was not a professional? State any three points in support of your answer.


Mohan, the manager of a business organisation, is very lax with his employees and subordinates. He does not give them parameters or rules for reporting to work and deadlines for completion of assignments.

Which principle of management given by Henri Fayol is NOT being followed by Mohan?


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