Nature and Significance of Management

Ques1. Explain ‘Management of People’ as a dimension of management.
Ques2. What does a manager aspire while doing work?
(Hint: Optimum utilization of resources to accomplish the task efficiently and effectively)
Ques3. What is the difference between ‘doing things right’ and ‘doing the right things’?
(Hint: efficiency and effectiveness respectively)
Ques4. Name and explain the organizational objectives of management.
(Hint: Survival, Profit, and Growth)
Ques5. Illustrate with example the meaning of social objectives of management.
(Hint: Fulfillment of responsibility towards society e.g. Asian paints contributed a large amount of funds to enable farmers to use their local resources)
Ques6. “Lack of management results in wastage of time, money and efforts.” Do you agree with this statement? Give reasons.
(Hint: Yes; Importance of management)
Ques7. Write a note on ‘Management of Twenty first Century’.
Ques8. Is there a difference between planning, organizing, staffing, directing, and controlling of various organizations such as school, club, restaurant, and a steel plant? Which characteristic of management is highlighted by this?
(Hint: No, pervasive)
Ques9. Mr. solution, who is an MBA has been appointed at the post of General Manager in Sa Re Ga Ma Ltd. Just after his appointment, he took a decision to set up a chemical plant near a residential colony. (The chosen location to set up the plant was favourable for many reasons to the company). After some time, as another important decision to the amount of charity been given annually to educational institution and religious institutions was withdrawn giving the justification that it was an unnecessary burden on the company. More emphasis was given to the share of company in the market and in search of modern procedures. Apart from this, a long time labour-dispute was resolved by taking a balanced decision.
· Tell whether Mr. Solution is at fault?
· If yes, the fault is in which context?
· How can the mistake be amended?
(Hint: Yes, he is avoiding social objective of management)
Ques9. Mr. Problem is working at the post of Sales Manager to Surabhi Tel. Ltd. Last year, the targeted sakes increased to 20,000 units from earlier target of 18,000 units. This is achieved very easily. To achieve this, he increased the expenditure on advertisement to almost double.
Did sales manager perform his duty efficiently and effectively?
If not, then how?
(Hint: He is effective but not efficient)
Ques10. “Management is neither as precise nor as comprehensive as the natural and pure sciences.” Why? Explain.
(Hint: Management as a science highlighting inexact or social science)
Ques11. Ms Bharti passed her M.B.B.S. examination in the first division in 2003. Later, In 2006 she passed her MS. as an eye surgeon. She was awarded a gold medal. After completing her studies she joined a big hospital as an eye surgeon. She is performing 10 operations every day successfully. Tell, what aspect of Bharti’s experience is science and what aspect is art?
(Hint: Study of MBBS and MS is science and working as an eye surgeon is an art)