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Monika, Rashmi and Garima are childhood friends. After completing their education, Monika joined a school as a teacher. - Business Studies

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प्रश्न

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.

संक्षेप में उत्तर

उत्तर

Garima stated that she was not a professional because she is not regarded a full-fledged professional as a manager.

The following three points in support of the statement:

  1. Lack of a standardised qualification: Managers, unlike other professions such as law, engineering, or accountancy, do not have a standardized capability. While some managers may have a business administration degree, becoming a manager is not required. As a result, the lack of a standardized certification for managers makes it difficult to regard them as full-fledged professionals.
  2. Lack of regulatory bodies: Professional bodies establish standards and ensure that their members follow ethical norms of conduct. For example, the Institute of Chartered Accountants of India regulates the accounting profession in India. There is, however, no governing agency for managers. Because of this lack of regulation, it is impossible to regard managers as full-fledged professionals.
  3. Varied job roles: A manager's function can vary significantly among industries and organizations. For example, a general manager at a manufacturing firm has distinct job responsibilities than a general manager in a software firm. Because work duties vary so widely, it isn't easy to define what it means to be a manager and what skills are required to become one. As a result, it is impossible to regard managers as full-fledged professionals.
shaalaa.com
Concept of Management
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2022-2023 (March) Delhi Set 1

संबंधित प्रश्न

What is meant by 'Management'?


Answer the following question.
Mita has a successful ice cream business at Bikaner, namely "Smart flavours' ice creams are utterly delicious. She makes ice creams from fresh milk and the same are available in a wide range of flavours and packs. She sets viable business objectives and works with the same in mind in order to ensure that the customers will come back for purchasing.
Having the first-mover advantage, her business was doing well. To earn higher profits, she started cutting costs. This would sometimes lead to delay in delivery and the ice cream was not reaching the market in time. Over a period of time, the demand for her ice cream declined and because of it, the competitors entered the market. She lost some of her market share to competitors.
At the beginning of the summer season, she got back to backorder for the supply of 4,000 ice cream packs of different flavors for special occasions. To ensure that the task was completed and orders delivered in time she hired additional workers. She was, thus able to produce and deliver the ice cream packs but at a high production cost. While completing activities and finishing the given task for achieving goals, Mita realized that she was ignoring one of the important aspects of management.
Identify the aspects of management that has been ignored by Mita. Also, explain the same with the help of an example.


Answer the following question.
Management is a complex activity that has three main dimensions. Explain these dimensions.


According to the nature of management, Management can be considered as ______.


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


Unlike professions such as medicine or law which require a practising doctor or lawyer to possess valid degrees, nowhere in the world is it mandatory for a manager to possess any such professional degree. Identify the characteristic of the profession being discussed above which is not being strictly met by management.


Successful organisations do not achieve goals by chance but by following a deliberate process known as


Efficiency is concerned with


______ is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise. 


Read the following text and answer the following question on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

"The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time." Which is the last step of the process mentioned here?


Design phase comprises of ______


Which study is the study of movements?


'Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:


Read the following text and answer the questions given below:

Vinay was the Chief Operating Officer of 'Easy Solutions Ltd.', a company providing advanced software solutions to Indian Defence Services. They had been carrying on business successfully for the last twelve years and earning enough profits. But from the last one year, they realised that though the business is getting big orders which are being fulfilled on time, even then the revenues kept on decreasing. Vinay was not-able to find out where the problem was. He started keeping a close check on the progress of activities as he could sense that something was wrong. He wanted to take some action before any major damage could be done to the business. Vinay appointed a cyber security expert who monitored the company's processes and found out that the computer operator was deleting the entries from the computers and pocketing the revenues. He was caught and handed over to the police. This created an atmosphere of order and discipline in the organisation and helped in minimizing dishonest behaviour on the part of the employees.

What corrective action did Vinay take?


Management is a/an ______ process as it is an ongoing and never-ending process. 


Management is concerned with which of the following:


Unemployment can be described as ______ 


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:


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