Chapter-1
Understanding Management and Managerial Functions
1. Define management and explain why it is important in achieving organizational goals.
2. Describe the four key functions of management and provide an example for each.
3. Explain the significance of planning in management. Discuss the key steps involved in
the planning process.
4. Your pharmacy team is struggling with communication and teamwork issues. As a
manager, which leadership style would you adopt to improve collaboration? Justify your
choice.
5. What is leadership in management? Explain its importance and mention three key
elements of effective leadership.
6. A pharmacy chain is expanding its operations to rural areas. Compare and contrast the
suitability of transactional and transformational management styles in this context.
7. Compare and contrast autocratic, democratic, and laissez-faire management styles,
providing one advantage and one disadvantage of each.
8. Suppose, your team is resistant to a new digital prescription system that the pharmacy is
adopting. Based on Maslow’s Hierarchy of Needs, suggest strategies to motivate your
employees to embrace the change.
9. Discuss the Rational Decision-Making Theory and explain its limitations in real-world
managerial decision-making.
10. What is micromanagement? Discuss its impact on employees and explain the problem
associated with micromanaging with example and and provide two strategies to avoid it.
Chapter-2
Social Organizations vs. Legal Organizations
1. Define social and legal organizations. Provide two key differences between them with
examples.
2. Explain the role of governance in social and legal organizations. How do governance
structures differ in these two types of organizations?
3. Compare and contrast the funding sources for social organizations and legal
organizations. Provide examples to support your answer.
4. A small pharmacy startup is struggling to raise capital and gain credibility. The owners
are debating whether to register as an LLC or a corporation. What are the advantages and
disadvantages of each structure, and which one would you recommend for their long-
term growth?
5. Explain the significance of liability in different types of organizations. How does liability
affect decision-making in social and legal organizations?
6. A community health initiative wants to expand its reach and secure long-term funding.
Should it remain a social organization or transition into a legal organization? Justify your
recommendation.
7. A community-based medical support group is providing free health checkups but is now
facing challenges in securing legal protection and long-term sustainability. Should they
register as a nonprofit or a private healthcare business? Justify your recommendation.
8. How does the structure of a limited liability company (LLC) differ from that of a
corporation in the pharmaceutical industry? Explain with examples.
9. Why do government regulations play a crucial role in legal organizations? Discuss with
reference to pharmaceutical businesses.
10. Explain the concept of perpetual existence in legal organizations. Why is this an
important factor for businesses, especially in the pharmaceutical sector?