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What is Meant by 'Management'? - Business Studies

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प्रश्न

What is meant by 'Management'?

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उत्तर

Management is the function of an organisation which is primarily responsible for achieving its desired goals in a given period of time in a time- and cost-efficient manner.

 

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2015-2016 (March) All India Set 1

संबंधित प्रश्न

'Management is the process of getting things done.' State the meaning of the term 'process' used in this statement.


What is meant by 'effectiveness' in management?


Explain how management helps in the development of society.


What is meant by 'Management of people'?


What is meant by management ?


Why is management considered to be a multi-dimensional
concept?


Management is what a _______ does?


Management translates the works to be carried out in terms of goals to be achieved and assigns the means to achieve it. This statement relates to ______.


______ is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise. 


Read the following text and answer the following question on the basis of the same:

Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.

"The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time." Which is the last step of the process mentioned here?


'Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:


Which of the following feature of management involved in managing an enterprise is common to all organisations whether economic, social or political :


McDonald's keeps introducing new variety of Burgers in its menu. Which characteristic of management is highlighted in this?


"Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:


Akash works as a production manager in ‘Elite Enterprises’ manufacturing LED lights. Due to festive season, there is lot of demand for their lights. Akash was given the task of producing 100 units of LED lights @ ₹ 200 per unit within 5 days for an urgent order. Akash was able to achieve the target of 100 units of LED lights within 5 days @ ₹ 220 per unit.

Identify from the following whether Akash is:


Which process involves achieving group objectives through organizing people and resources efficiently?


Which statement best describes the main aim of utilizing optimum resources for efficient group operations?


What function of management involves arranging resources and assigning chores in a family or organization?


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