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He was the father of scientific management.he gave some principles of management Science not rule of thumb Harmony not discord Cooperation not individualism Development of each person to his or her greatest efficiency and prosperity

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What is difference between Taylor's and fayols principle

Posted by Gunja Morya 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Yogita Ingle 4 years, 6 months ago

Basis	Henry Fayol	F.W. Taylor
Meaning	Henry Fayol, father of modern management contributed fourteen management principles, accomplishing managerial efficiency.	F.W. Taylor, father of scientific management contributed four management principles, for enhancing overall productivity.
Concept	The general theory of management	The scientific theory of management
Concentrated	Top-level management	Low-level management
Approach	Top management based on top downward approach.	Supervisory viewpoint and bottom upward approach
Focus	Focused on delivering managerial efficiency.	Increasing productivity of labour
Theory-based on	Personal experience	Observation and experiment.

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Features of planning?

Posted by Ribhu Raj 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Ria Choudhary 4 years, 6 months ago

1.planning focus on achieving goals 2.planning is a primary function of management 3.planning is pervasive 4. Planning is continuous 5.planning is futuristic 6.planning involves decision making 7..planning is mental exercise

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For the last three years, Elpis Technology Solutions p(Ltd.) is not functioning smoothlyand systematically. The relations between management and employees are becomingbitter day by day. After a complete analysis, it was observed that employees are notworking effectively and efficiently and management is not fulfìlling its commitmentof increments and promotions,i. Which management principle is being ignored in the given case?ii. Can the problem be solved if only management becomes serious in fulfilling itspromises? What should be the appropriate course of action to achieve smooth andsystematic functioning of Mahagun Industries?

Posted by Thejes Lal 4 years, 6 months ago

CBSE > Class 12 > Business Studies

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Raj and Simran are both qualified eye surgeons and good friends. After obtaining a certificate of practice, they decide to persue a career of their own choice. Raj starts an eye care centre in the city whereas Simran joins a government hospital in a small village. They meet after a long time in a party. Raj invites Simran to visit his eye care centre and she accepts his invitation. She observes at his clinic that there is a fixed place for everything and everyone and it is present there so that there is no hinderance in the activities pf the clinic. Also, Raj always tends to replace I with ‘We’ in all his conversations with the staff members. Later on Raj shares with her that he always deals with lazy staff sternly to send the message that everyone is equal in his eyes. In context of the above case: 1. Identify and explain the various principles of management that Raj is applying for the successful management of his eye care centre.

Posted by Monalisha Behera 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Angelin Sweety 5 months, 3 weeks ago

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What is management ?

Posted by Rohit Arya 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Priyam Singh 4 years, 6 months ago

Management is a process of getting things done with the aim of achieving goals effectively and efficiently.

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What do you mean by principles

Posted by Shabab Khan 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Priyanshu Mahobia 4 years, 6 months ago

Principle are broad general guidelines to perform a function

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it is not the fact of change itself that is so important as the pace of.change

Posted by Anjali Aggarwal 4 years, 6 months ago

CBSE > Class 12 > Business Studies

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What is the reward for giving professional services

Posted by Divya Srivastava 4 years, 6 months ago

CBSE > Class 12 > Business Studies

2 answers

Ruchika Patidar 4 years, 6 months ago

Professional fees.

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Priyanshu Shrivastava 4 years, 6 months ago

Professionals earn income in form of professional fees.

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Coordination is the essence of management Do you agree ?give reasons

Posted by Gaurav Shukla 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Gunjan Ruhela 4 years, 6 months ago

Yes, coordination is the essence of management becuase without coordination mangagement os not working properly hence this is the essential part of management

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Management is said to be poor if it is

Posted by Lata Upadhyay 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Sakshi Yadav 4 years, 6 months ago

If it does keep the balance between efficiency and effectiveness And if it lacks coordination

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What it is important for business entreprise to understood their environment ? Explain.

Posted by Shivam Shivam 4 years, 6 months ago

CBSE > Class 12 > Business Studies

1 answers

Ria Choudhary 4 years, 6 months ago

1.it helps in identifying the opportunity and first mover advantages 2 it helps in finding threats 3 it help in coping with resources 4.it helps to make modifications 5.it helps in formation of plans and policies

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Stock market index is a barometer of market behaviour why

Posted by Kartikey Bhardwaj 4 years, 7 months ago

CBSE > Class 12 > Business Studies

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State the functions performed by financial market

Posted by Indian Army Lover Manish Kr Sharma 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Meghna Thapar 4 years ago

Financial Markets have different roles to play which include price determination, funds mobilization, risk sharing, easy access, liquidity, capital formation and reduction in transaction costs and provision of the required information, etc.

4 Important Functions of Financial Market

(1) Mobilisation of Savings and their Channelization into more Productive Uses: Financial market gives impetus to the savings of the people. ...
(2) Facilitates Price Discovery: ...
(3) Provides Liquidity to Financial Assets: ...
(4) Reduces the Cost of Transactions:

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Discuss the concept of management

Posted by Adhrit Ojha 4 years, 7 months ago

CBSE > Class 12 > Business Studies

2 answers

Indian Army Lover Manish Kr Sharma 4 years, 7 months ago

Management refers to achieving the organisational goals effectively and efficiently on time

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Yogita Ingle 4 years, 7 months ago

Management is an art of getting things done with and through others. Management can be defined as, the process of getting things done with the aim of achieving organizational goals effectively and efficiently.

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The board of directors of a company decided to demote a production manager for his negligence of dutes over a long period of time. He was placed at the lowest level in the management hierarchy. Which position will he get?

Posted by Rajneesh Modanwal 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Indian Army Lover Manish Kr Sharma 4 years, 7 months ago

Supervisory level

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What is business environment??

Posted by Akash Gupta 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Priyam Singh 4 years, 6 months ago

Business environment refers to forces, factors, individuals and institutions which are ouside the control of business enterprise but these may effect its performance.

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Importance of co-ordination

Posted by Aman Kothari 4 years, 7 months ago

CBSE > Class 12 > Business Studies

2 answers

Amrita Choudhary 4 years, 7 months ago

Coordination management k essence / important hai kyunki it make mangement efficient and effective

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Eshika Gupta 4 years, 7 months ago

Refer ncrt book

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What are the features of principle of management?

Posted by Karthik Esc 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Sakshi Yadav 4 years, 7 months ago

Features are Universal applicability General guidelines Based on practice and experimentation Mainly behaivoural Flexible Contingent i.e depending upon the prevailing situation

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A company produces two type of pen say a and b pen a is superior quality

Posted by Shashi Bhadouriya 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Khushi Varshney 4 years, 6 months ago

then

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Difference between CRR and SLR

Posted by Thiruvikash T 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Yogita Ingle 4 years, 7 months ago

Cash Reserve Ratio	Statutory Liquidity Ratio
Minimum percentage of net demand and time liabilities maintained in the form of cash	Minimum percentage of net demand and time liabilities maintained in the form of liquid assets
Controls excess money circulation in the economy	Assists in any providing unexpected demand of the depositor by selling the bonds
Regulates the liquidity of the economy	Regulates the credit growth of the economy
Available in the form of cash	Available in the form of cash, gold and other securities
Maintained with the central bank	Maintained by themselves as directed by RBI

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Is there anything very important in this chapter that could come in paper

Posted by Sakshi Verma 4 years, 7 months ago

CBSE > Class 12 > Business Studies

2 answers

Karthik Esc 4 years, 7 months ago

All principle's go and study

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Karthik Esc 4 years, 7 months ago

Definitely

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Harshita has successfully emerged as the owner of the best modular kitchen manufacture firm in delhi.

Posted by Krishan Gopal Sharma 4 years, 7 months ago

CBSE > Class 12 > Business Studies

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How financial management helps in maximization of shareholders wealth

Posted by Vidya Sagar Verma 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Yogita Ingle 4 years, 7 months ago

The main and foremost objective of financial management is to maximise the wealth of equity shareholders. The financial manager of a company takes this decision because the shareholders are the owners of the company, financial decisions taken will determine the manner in which the funds are invested. The return earned on investment will determine the value and price of the shares. The market price of the shares will increase if the benefit from the decision has exceeded its cost.
Secondly, the objective of increase in value of equity shares automatically fulfills many other objectives like, increasing the profitability, maintaining liquidity, effective utilisation of funds and providing for growth of the company.

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How overall financial risk is calculated

Posted by Vidya Sagar Verma 4 years, 7 months ago

CBSE > Class 12 > Business Studies

1 answers

Meghna Thapar 4 years ago

Business risk can be measured by the variability in EBIT (as per situation). Financial risk can be measured by the financial leverage multiplier. Business risk is related to the operations of the business. Financial risk is related to the capital structure of the business. Risk analysis is the study of the underlying uncertainty of a given course of action and refers to the uncertainty of forecasted cash flow streams, the variance of portfolio or stock returns, the probability of a project's success or failure, and possible future economic states.

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Dynamic organization??

Posted by Pawan Singh 4 years, 7 months ago

CBSE > Class 12 > Business Studies

2 answers

Sakshi Yadav 4 years, 7 months ago

It just means adapting with the changes in environment

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Yogita Ingle 4 years, 7 months ago

Management is the process of getting things done with the aim of achieving goals effectively and efficiently. Management creates a dynamic organization. In order to be successful, an organisation must change itself and its goals according to the needs of the environment. But people in an organisation resist change as it often means moving from a familiar, secure environment into a newer and more challenging one. Management helps people adapt to these changes so that the organisation is able to maintain its competitive edge.
Management helps in the development of society by
1. Providing good quality products and services at reasonable prices,
2. Creating employment opportunities, Adopting new technology, etc.

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As per provisions of the consumer protection consumer does not include a person who obtain a good for resale or for commercial purpose state true or false ?

Posted by Umesh Gola 4 years, 7 months ago

CBSE > Class 12 > Business Studies