Topics
Principles of Management
- Concept of Management Principles
- Nature of Management Principles
- Significance of Management Principles
- Theories of Management
- Henry Fayol's Administrative Theory of Management
- Taylor's Scientific Management Theory
- Emerging Trends in Management
Functions of Management
- Functions of Management
- Planning
- Organising
- Staffing
- Directing
- Co-ordinating
- Controlling
- Comparative Study of Management Functions
Entrepreneurship Development
- Concept of Entrepreneur
- Entrepreneurship Development
- Process of Entrepreneurship Development
- Recent Initiatives in Entrepreneurship Development
- Start up India
- Stand-up India
- Agro Tourism (Rural Tourism)
- Women Entrepreneurship Platform (WEP)
- Concept of Intrapreneurs
- Employees' Contribution to Innovation
Business Services
- Concept of Service
- Business Services
- Types of Business Services
- Banking
- Banking > Functions of Commercial Bank
- Types of Insurance
- Insurance
- Transport
- Modes of Transport
- Types of Transport > Roadways
- Types of Transport > Railways
- Air Transport
- Communication
- Warehousing
- Types of Communication
- Postal Service
- Modern Means of Communication
- Comparative Study of Business Services
- Comparative Study of Business Services
Emerging Modes of Business
- Concept of E-business
- Online Transactions
- Buying and Selling Process
- Concept of Outsourcing
- Forms of Outsourcing
- Business Process Outsourcing (BPO)
- Knowledge Process Outsourcing (KPO)
- Legal Process Outsourcing (LPO)
- Comparative Study of E-Business
Social Responsibilities of Business
- Concept of Social Responsibility
- Responsibilities Towards Different Interest Groups
- Social Responsibility Towards Protection of Environment
- Business Ethics
- Corporate Social Responsibility
Consumer Protection
Marketing
- Concept of Marketing
- Concept of Market
- Types of Market
- Importance of Marketing
- Functions of Marketing
- Concept of Marketing Mix
Estimated time: 9 minutes
CBSE: Class 12
Maharashtra State Board: Class 12
Maharashtra State Board: Class 12
Need of Management
- Management is required in all kinds of organisations.
- It is a key resource like machines, materials, and money.
- It coordinates the functions of planning, organising, staffing, coordinating, and controlling.
CBSE: Class 12
Maharashtra State Board: Class 12
Maharashtra State Board: Class 12
Meaning of Principle
- A principle is a fundamental truth or proposition.
- Principles serve as broad guidelines for decision-making.
- Principles of management are less rigid than pure science.
- They are distinct from techniques and values.
Maharashtra State Board: Class 12
Definition: Principle
Principle is defined as a fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning.
CBSE: Class 12
Key Distinctions
| Concept | Meaning |
|---|---|
| Principle | Fundamental truth; broad guideline for decision-making. |
| Technique | Techniques are procedures or methods, which involve a series of steps to be taken to accomplish desired goals. |
| Value | Values are general rules of behaviour formed through common practice. |
CBSE: Class 12
Maharashtra State Board: Class 12
Maharashtra State Board: Class 12
Key Points: Concept of Management Principles
- Management coordinates planning, organising, staffing, coordinating, and controlling.
- Management is needed in all kinds of organisations.
- Management is counted as a key resource alongside machines, materials, and money.
- A principle = a fundamental truth or proposition.
- Principles of management act as broad guidelines for decision-making.
- They are less rigid than pure science.
- Principles are different from both techniques and values.
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