Question

After completing his education, Arun joins his father in their family business of manufacturing cookware. As a businessman, his father is rigid in his approach and has fixed ideas about various issues. He tends to maintain a distance from the factory workers.However, Arun is more receptive to the needs of the workers and doesn’t seem to believe in any class differences. He believes that the prosperity of their business greatly depends upon the prosperity of their workers and vice versa. At the same time, he has a good understanding of the business environment. Therefore, he introduces a new range of green pans that provide a healthy cooking surface, as they are manufactured with all ceramic or silicon coating and are considered safer than the traditional petroleum based nonstick surfaces which may contain toxic substances. Although, the new cookware range is highly prices, he expects a ready market for it as both the purchasing power of people and their preference for better quality products have increased over the years.In context of the above case: 1. Identify the nature of management which is being reflected in the different styles of management in practice adopted by Arun and his father. 2. Name and explain the related principle of scientific management. 3. State the related dimensions of business environment. अपनी शिक्षा पूरी करने के बाद, अरुण अपने पिता के साथ कुकिंगवेयर बनाने के पारिवारिक व्यवसाय में शामिल हो गए। एक व्यापारी के रूप में, उनके पिता अपने दृष्टिकोण में कठोर हैं और उन्होंने विभिन्न मुद्दों के बारे में विचारों को निर्धारित किया है। वह कारखाने के श्रमिकों से दूरी बनाए रखता है। हालांकि, अरुण श्रमिकों की जरूरतों के लिए अधिक ग्रहणशील है और किसी भी वर्ग के मतभेदों पर विश्वास नहीं करता है। उनका मानना ​​है कि उनके व्यवसाय की समृद्धि उनके श्रमिकों की समृद्धि पर निर्भर करती है और इसके विपरीत। साथ ही उसे कारोबारी माहौल की भी अच्छी समझ है। इसलिए, वह हरे पान की एक नई रेंज पेश करता है जो एक स्वस्थ खाना पकाने की सतह प्रदान करता है, क्योंकि वे सभी सिरेमिक या सिलिकॉन कोटिंग के साथ निर्मित होते हैं और पारंपरिक पेट्रोलियम आधारित नॉनस्टिक सतहों की तुलना में सुरक्षित माने जाते हैं जिनमें विषाक्त पदार्थ हो सकते हैं। हालांकि, नई कुकवेयर रेंज अत्यधिक कीमतें हैं, वह इसके लिए एक तैयार बाजार की उम्मीद करती है क्योंकि लोगों की क्रय शक्ति और बेहतर गुणवत्ता वाले उत्पादों के लिए उनकी प्राथमिकता वर्षों में बढ़ी है। उपरोक्त मामले के संदर्भ में: 1. प्रबंधन की प्रकृति को पहचानें जो अरुण और उनके पिता द्वारा अपनाई गई प्रथा में प्रबंधन की विभिन्न शैलियों को प्रतिबिंबित किया जा रहा है। 2. वैज्ञानिक प्रबंधन के संबंधित सिद्धांत का नाम और व्याख्या करें। 3​

Answer 1

Answer:

Many investors mistakenly base the success of their portfolios on returns alone. Few investors consider the risk involved in achieving those returns. Since the 1960s, investors have known how to quantify and measure risk with the variability of returns, but no single measure actually looked at both risk and return together. Today, there are three sets of performance measurement tools to assist with portfolio evaluations.

Answer 2

Answer:

Arun and his father's management philosophies highlight the fact that managing is an art.The associated principle of scientific management is harmony rather than discord.Economic, social, and technological aspects of the business environment are related.

Explanation:

• Many investors make the mistake of judging the performance of their portfolios solely on returns.Few investors take into account the risk necessary to generate those rewards.
• Investors have known how to quantify and assess risk with the unpredictability of returns since the 1960s, but there has never been a single metric that included risk and return.
• Three types of performance measuring tools are now available to help with portfolio analyses.
• The social environment, technological environment, and economic environment are the three dimensions of the business environment.The associated principle of scientific management is harmony rather than discord.

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