Arnav and Pranav are conversing that management is a full-fledged profession. Do you agree with their view point?

Is management a 'profession'?

Identify the narure of management when it is said to be a systematised body of knowledge that explains certain general truths.

Identify the nature of management when it is practised as personal application of existing knowledge to achieve desired results.

State two functions of top level management.

Name the function of management, which is concerned with leading, influencing and motivating employees to perform the tasks assigned to them.

What is meant by by BPO and KPO?

State one difference between management principles and techniques.

Why have management principles gained importance these days?

Give any one reason why principles of management do not provide readymade solution to all managerial problems.

What is the main reason behind the inefficiency of the public sector undertakings?

Business environment includes both specific and general forces.List any four general forces?

What is meant by management as an art? Explain with the help of any three features.

State some of the significance of management principles.

The principles of management are established on cause and effect relationship. This helps to analyse and predict the probable result of applying a particular principle in a given situation. How does it prove to be helpful to business organisations .

Does study of business environment help in maintaining image in market?

It is usually observed that changes in technology, products, taste and preference of consumer, regulations, government policy, interest and inflation rates take place frequently in markets.

Discuss the following techniques of scientific work study.
(i) Time Study
(ii) Motion Study
(iii) Fatigue Study
(iv) Method Study
(v) Simplification and Standardisation of work

The court passed an order that all schools must have water purifier for the school children as
(i) Society in general is more concerned about quality of life.
(ii) Innovative techniques are being developed to manufacture water purifier at competitive rates.
(iii) Incomes are rising and children at home are also drinking purified water.
(iv) The government is also showing positive attitude towards the water purifier business.
Identify the different dimensions of business environment by quoting from the above details.

Identify the dimension of business environment, in each of the following cases, and explain them.
(i) The project of Nano Car re-established in Gujarat.
(ii) Decrease in the repo rate to overcome recession.
(iii) Rise in the BSE price index, soon after the declaration of Lok Sabha Election 2014 results.
(iv) Increase in the number of working women.
(v) Prohibition of advertisement of alcoholic beverages on Doordarshan.
(vi) Demand for reservation for minorities in government jobs.

What economic changes were initiated by the government under the industrial policy 1991? What impact have these changes made on business and industry.

Briefly, discuss the impact of government policy changes on business and industry.