ASSIGNMENT (2018-19)

NATURE AND SIGNIFICANCE OF MANAGEMENT

1. Identify the nature of management when it is practised as personal application of existing

knowledge to achieve desired results.
2. Identify the nature of management when it is said to be systematised body of knowledge
that explains certain general truths.
3. Volvo Ltd., target is to produce 10,000 shirts per month at a cost of Rs. 100 per shirt. The
production manager achieved this target at a cost of Rs. 90 per shirt. Do you think the ‘
Production Manager is effective? Give one reason to support your answer.
4. Pizza Hut keeps on introducing a new variety of pizzas in its menu. Which charateristic
of management is highlighted in this?
5. In Alpha Ltd, the employees are happy and satisfied. There is no chaos and the effect of
management is noticeable. Which characteristic of management is highlighted by this
statement?
6. Identify the basis characteristic of management involved in the statement-the activities
incolced in managing an organisation are common to all organisations, whether
economic, social or political.
7. Management consists of an ongoing series of functions. Which characteristic of
management is highlighted by this statement?
8. Name the level of management that is responsible for the welfare and survival of the
organisation.
9. East Coast Ltd., offers employment to physically challenged persons. Identify the
organisational objectives it is trying to achieve.
10. What type of organisational objective is satisfied if an organisation provides salary to the
workers commensurate with their jobs?
11. Pure Living Private Ltd., is a company engaged in the business of manufacturing water
and air purifiers. The profits earned by the company are adequate for its existence and
progress. One of the beliefs of the company is that a satisfied employee creates a
satisfied customer, which leads to creation of profits ultimately resulting in satisfied
shareholders. The company pays competitive salaries and incentives to all its employees.
The employees are pleased working in the company because of personal growth and
development.
The Company has set-up various training institutes in India. At these institutes, free of
cost training to repair air and water purifiers is imparted to people living in rural sector.
Is the management of Pure Living Private Limited fulfilling its objectives. Identify and
state by quoting from the above para.