Free Business Studies - Class 12th (CBSE) - Worksheet - W1b - Nature & Significance of Management
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- Subject: Business Studies
- Class: 12th (CBSE)
- Chapter Name: Nature and Significance of Management
Below is the content pattern:
CBSE Business Studies Case Studies (Need and Significance of Management)
Short Case Studies
Case Study 1
Shreya works as a designer in an export house.
As per the terms of an order received by the export house, she has to get 100 units of denim jackets made in 15 days at ₹ 2,000 per jacket.
She is able to complete her target production in 20 days because, in order to complete the order in 15 days, she would have made the workers work overtime.
As a result, the cost of production per jacket may have increased by ₹100.
In the context of the above case, is Shreya efficient in her work? Explain by giving a suitable reason in support of your answer.
Case Study 2
Mahesh is the Chief Executive Officer of ‘Kidzania Garments Ltd.’
Due to the festive season, Mahesh got an additional order of 10,000 garments, which he had to supply within two days.
Due to his goodwill in the market, he did not want to lose the order.
So, he decided to achieve the target by operating on double shifts. He achieved the target and supplied the order within the given time.
But due to double shifts, his cost of production was higher than the regular production cost.
- Identify the two concepts of management discussed in the above paragraph.
- Explain the concepts identified in (i).
Case Study 3
Nisha had given some old dresses of her own to her house helper, Beenu. After a few days, Nisha was happily surprised when she saw Beenu wearing one of the dresses that had been beautifully refurbished.
On enquiry, Beenu told Nisha that this was done by her daughter, who had just completed her Class 12th studies.
Beenu also told Nisha that she was a little concerned as her daughter did not want to study further.
Nisha was very much impressed by the creativity of Beenu’s daughter, so she decided to set up a small business with Beenu.
Nisha bought 15 sewing machines and appointed 15 girls to refurbish the old dresses.
Nisha also arranged old dresses from various sources and employed a person who would sell these dresses at a very low cost for those who could not purchase new dresses due to their low income.
Nisha divided the girls into three equal groups, each with five sewing machines.
Each group was given a target of refurbishing 150 old dresses in a fortnight at a cost of ₹ 30 per dress.
After a fortnight, Nisha who was supervising this business with Beenu was informed that Group I was able to meet the target by refurbishing 150 old dresses at a cost of ₹ 30 per dress, Group II was able to refurbish 150 old dresses at a cost of ₹35 per dress, whereas Group III could refurbish only 140 old dresses but at a cost of ₹27 per dress.
- Identify the concepts of management discussed above for each of the three groups, giving a reason in support of your answer.
- Give the meaning of the concepts identified in (i) above and state which one is important for the management and why?
Case Study 4
The general manager of a reputed organisation, Mr. Agastaya Lokhande, made the following announcement to the employees of the company: “When we think of a brand, we think of reputation, but the reputation is more often determined by the quality of products and customer representation. If people are miserable, they can’t give their best work, and the brand suffers. On the contrary, positive results can be achieved if there is job satisfaction, effective and efficient functioning.”
- Identify and explain the feature of management discussed by Mr. Agastaya in his announcement.
- Explain any three reasons that make management important to any organisation.
Case Study 5
Kamal, Khan, and Devid are partners in a firm engaged in the distribution of dairy products in Madhya Pradesh.
Kamal is a holder of a Senior Secondary School Certificate from the Central Board of Secondary Education with Business Studies as one of his elective subjects.
Khan had done his post-graduation in Hindi literature and Devid in Dairy Farming.
One day, there was a serious discussion between Khan and Devid regarding the nature of ‘Management as a science’.
Khan argued that management was not a science, whereas Devid was of the opinion that management is a Science.
Kamal intervened and corrected both Khan and Devid about the nature of management as a Science with the help of his knowledge of business studies.
Explain how Kamal would have been able to satisfy both Khan and Devid ?
Case Study 6
Three friends, Aman, Ashish, and Ashi, after completing their MBA from a reputed management institute, formed a start-up named ‘Solutions’.
The goal of the start-up was to make a social and environmental impact through its services.
‘Solutions’ supports social business ideas to improve living conditions in the slums of Mumbai.
As all three friends are specialised in social work, they explored the different slums of Mumbai and started engaging the slum dwellers in their own creative manner.
Aman used the ‘playway method’, Ashish used ‘music’ as a method of learning, while Ashi used ‘activity-based method of learning’.
They used basic knowledge in their unique manner and were able to educate the slum dwellers.
It implies that skillful and personal application of acquired knowledge is required by an individual to achieve desired results.
- Identify and state the nature of management discussed in the above case.
- Quoting lines from the above para, state any two features of the nature of management mentioned in (i) above.
Case Study 7
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 Multinational Company.
After a long time at a reunion 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 the 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.
Case Study 8
Alex, Jordan, and Sam are three friends working in the same company, each holding a managerial position at a different level.
They often meet to discuss their work.
One day, during their conversation, Alex said, “Lately, I’ve been facing challenges motivating the staff on the shop floor. I’ve decided that I need to lead by example.”
Jordan mentioned, “I’m struggling to understand the precise needs of my department. I need to communicate various policies to our employees so they are aware of our company’s objectives. I also have to coordinate with heads of other departments to understand their needs.”
Sam stated, “I’m responsible for long-term planning.
I ensure that I am ultimately accountable for all activities and strategies.
Extensive planning is necessary for formulating policies and strategies.”
Based on this conversation, identify the different levels of management to which these three friends belong.
Case Study 9
Rahul Mukherjee has recently joined AMV Ltd., a company that manufactures refrigerators.
He found that his department was understaffed and that other departments were not cooperating with his department for the smooth functioning of the organisation.
Therefore, he ensured that his department had the required number of employees and that cooperation with other departments was improved.
- Identify the level at which Rahul Mukherjee was working.
- Also, state three functions required to be performed by Rahul Mukherjee at this level.
Case Study 10
After completing his MBA degree, Aman joined a multinational company, Zevvoya Ltd. His job demands long hours and commitment to the organisation. He is responsible for integrating diverse resources and coordinating the activities of the business and their impact on society. His job is complex and stressful.
- Identify the level of management at which Aman joined the organisation.
- State any two functions to be performed by Aman at this level other than those discussed in the paragraph.
Case Study 11
Gamma Ltd. aims to achieve flawless coordination across its various organisational functions. They focus on synchronising all company activities and understand that coordination is crucial.
During the planning phase for the year, they ensure that there is harmony between the organisation’s goals and those of each department.
When hiring employees, they evaluate their efficiency before determining their compensation.
In the final month of the semester, they check for deviations between set targets and actual production.
In the above scenario, during the three phases of organisation, various management functions have also been highlighted.
- Identify the term ‘management’.
- Identify the three management functions illustrated in the scenario where coordination is evident.
Case Study 12
‘Vortico Fabrics’ was started by Ashish in 2001 to sell bed sheets, towels, comforters, pillows, cushions, bath mats, etc.
It is now a famous name, and its branches are across India.
To manage the work all over India, it has eight teams—two each for North, South, East, and West India.
Ashish spends a considerable amount of time developing an orderly pattern of group efforts among different teams and securing unity of action in pursuit of a common purpose.
To ensure suitable allocation of tasks to the various members of the teams and to see that the tasks are performed in harmony among the members, he tries to balance the different teams at different locations.
- Identify and explain the concept of management discussed in the above paragraph.
- Also, explain any one point of importance of the concept identified in (i) above.
Case Study 13
Company X is facing a lot of problems these days.
It manufactures white goods like washing machines, microwave ovens, refrigerators, and air conditioners.
The company’s margins are under pressure, and its profits and market share are declining.
The production department blames marketing for not meeting sales targets, and marketing blames the production department for producing goods that are not of good quality, failing to meet customers' expectations.
The finance department blames both production and marketing for declining return on investment and bad marketing.
What quality of management do you think the company is lacking? Explain briefly. What steps should the company’s management take to bring the company back on track?
Long Case Studies
Case Study 14
Vikram is the General Manager at GreenTech Solutions, a company that specialises in sustainable energy solutions.GreenTech Solutions is dedicated to balancing profitability with social responsibility.
Vikram’s leadership is central to achieving this balance through various strategic initiatives that clearly illustrate key features of management.
Vikram’s approach to management emphasises that it is a group activity.
To meet the company’s social objectives, Vikram fosters collaboration across different departments.
For instance, he coordinates with the research and development team to create affordable solar energy solutions and works closely with the community outreach team to ensure these solutions effectively reach local households.
This cross-departmental collaboration showcases how management involves integrating efforts across the organisation to achieve common goals.
Moreover, Vikram demonstrates that management exists at all levels throughout the organisation, he ensures that social responsibility is embedded in all aspects of GreenTech Solutions’ operations.
For example, the company’s ethical supply chain management practices are integrated into every procurement decision, reflecting the pervasive nature of management principles.
Additionally, the comprehensive employee welfare program is implemented across all departments, indicating that management practices influence every level of the organisation.
To support these objectives, Vikram has implemented several initiatives as follows.
- Affordable Solar Energy Solutions The company’s program to provide solar energy to local communities not only helps reduce household energy costs but also aligns with the company’s environmental goals.
- Job Creation and Skill Development Training centres are established in underdeveloped regions, providing local residents with skills in renewable energy technology, which supports economic development and builds a skilled workforce.
- Ethical Supply Chain Management GreenTech collaborates with suppliers who follow Solutions partners and environmental standards, thereby indicating the company’s commitment to ethical business practices.
- Employee Welfare Programmes Vikram has introduced health benefits, educational assistance, and wellness initiatives, ensuring that employee welfare is prioritised across the organisation.
- State the social objectives identified in the case.
- Identify two features of management highlighted in the case.
- Give any two examples of social objectives.
Case Study 15
Dynamic Innovations Ltd. is a technology firm specialising in cutting-edge software solutions and IT consulting.
Over the past few years, the company has expanded rapidly but faces significant challenges in maintaining its competitive position and ensuring employee satisfaction.
The management team, comprising four key individuals, is working diligently to address both economic and personal objectives.
Current Scenario:
The team at Dynamic Innovations is focused on various aspects of the company’s operations.
Ravi, the Operations Manager, is primarily concerned with ensuring the company’s stability and longevity.
He’s implementing cost-reduction strategies and optimising resource allocation to ensure that the company’s revenue covers its operational costs and secures its survival in the competitive market.
Meera, the Financial Analyst, is focused on enhancing profitability.
She is exploring new revenue streams, investing in innovative technologies, and analysing financial performance to ensure the company remains profitable and can reward its employees effectively.
Raj, the HR Manager, is dedicated to addressing the financial needs of employees.
He is responsible for revising salary structures, introducing performance bonuses, and ensuring that compensation packages are competitive to motivate and retain staff.
Anita, the Learning and Development Coordinator, is working on fulfilling the higher-level needs of employees.
She is organising training programs, professional development workshops, and career advancement opportunities to help employees grow and achieve their personal and professional goals.
Identify and explain the objectives of management fulfilled by Ravi, Meera, Raj, and Anita, respectively.
Case Study 16
Two ambitious friends, Sana and Mihir, having a passion for creating innovative software applications, established a start-up named ‘Quick Solutions’.
The company was developed in such a way that it caters to the needs of all sections.
In the early stages, ‘Quick Solutions’ was earning enough revenue to cover the costs.
They faced countless challenges from competing with large and well-established companies.
But they learned from their mistakes and continuously improved their product.
Slowly, their software gained recognition for its quality and uniqueness, and the company started making profits.
It was a big incentive for Sana and Mihir for the continued successful operation of the enterprise.
Within two years, the customer base increased manifold.
Now, Sana and Mihir have decided to make an additional capital investment and have hired more employees.
They invested in research and development and expanded their product line to meet emerging market demands.
‘Quick Solutions’ ultimately became the industry leader because of the tireless efforts of Sana and Mihir.
Quoting lines, identify and state the objectives of management discussed in the above case that ‘Quick Solutions’ seeks to achieve.
Case Study 17
Priya is the Operations Manager at EcoClean Ltd., a company specialising in eco-friendly cleaning products.
EcoClean Ltd. prides itself on its commitment to sustainability and innovation.
Priya’s role is crucial in ensuring the smooth operation of the company’s production processes, maintaining high standards of quality control, and managing the supply chain effectively.
Under Priya’s leadership, the production department has been working diligently to streamline operations.
She has implemented a new system for inventory management that reduces waste and ensures that resources are used efficiently.
Priya conducts regular team meetings to ensure that all members are aligned with the company’s goals and understand their roles in achieving these objectives.
Her efforts to coordinate the team’s activities help everyone work towards a unified vision of reducing the company’s carbon footprint and increasing its market share.
Priya is also focused on improving efficiency within the company.
She frequently analyses production workflows and identifies areas where processes can be optimised.
Recently, she introduced new technologies that automate repetitive tasks, which have significantly increased the automatic production rate and reduced operational costs.
Her commitment to continuous improvement ensures that EcoClean Ltd. operates at peak efficiency, benefiting from cost savings and enhanced productivity.
In addition to her focus on internal operations, Priya is proactive in adapting to industry trends and regulatory changes.
The eco-friendly cleaning product market is highly dynamic, with frequent updates in environmental regulations and consumer preferences.
Priya stays informed about these changes and adjusts the company’s strategies accordingly, e.g., when new regulations were introduced regarding the use of certain chemicals, Priya quickly led her team in reformulating products to comply with the new standards.
This adaptability helps EcoClean Ltd. stay competitive and maintain its reputation as a leader in the sustainable products sector.
Quoting lines from the above paragraph, list and explain three reasons that have made management so important.
Case Study 18
A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar.
What decisions/steps would each level of management take to give effect to this decision?
Case Study 19
Nalini has an online flower and gifts retail business. She has eight outlets in four cities in India.
From November to February, during the wedding season, the demand shoots up.
She coordinates the efforts of her staff in a conscious and deliberate manner and plans for the wedding season demand in the month of June itself.
She ensures that there is an adequate workforce and continuously monitors whether work is proceeding according to plans.
She also briefs the marketing department in time to prepare their promotional and advertising campaigns.
Thus, her coordination with all departments of the organisation begins at the planning stage and continues till the controlling stage.
This acts as a binding force between the departments and ensures that all action is aimed at achieving organisational goals.
As a result, Nalini is able to give a common focus to group effort to ensure that the business is performing as planned, year after year.
Quoting lines from the above paragraph, identify and explain four features of an important concept of management highlighted in the above case.
The End