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What is meant by management ?

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प्रश्न

What is meant by management ?

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उत्तर

• Management is the process of getting a task done with the aim of achieving the goals of the organization in an effective and efficient manner.

• The different functions of management are planning, organizing, staffing, directing and controlling.

• The term effective means completing the given task and efficient means completing the task with minimum cost and time.

• In short, management is the process of planning, organizing, staffing, directing and controlling in such a manner that the goals of the organization are met with minimum cost and time.

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अध्याय 1: Nature and Significance of Management - Very Short Answer [पृष्ठ २७]

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एनसीईआरटी Business Studies Part 1 Principles and Functions of Management [English] Class 12
अध्याय 1 Nature and Significance of Management
Very Short Answer | Q 1 | पृष्ठ २७

संबंधित प्रश्न

Explain any four features of management.


Define Management.


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


Answer the question briefly.
Why is management considered to be discipline?


“Management is universal.” Comment.


Explain any three objectives of management.


Answer the following question.
Management is a complex activity that has three main dimensions. Explain these dimensions.


What is Management?


Management ensures ______.


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.

"In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions." What is the objective mentioned here according to the process stated 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:


Management is a/an ______ process as it is an ongoing and never-ending process. 


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


Unemployment can be described as ______ 


The management of a bag manufacturing company has recently changed. Due to this, an improvement can be felt in the way company functions. Now, targets are met according to plans, whereas, earlier deadlines were never given importance. Now there is orderliness, instead of chaos in the organisation and the employees are happy and satisfied.

From the following identify the characteristic of management which is highlighted in the above case:


Different organisations have different goals. “Zeepo’ is an upcoming retail chain for providing consumer goods door-to-door, the objective of this organisation is to increase sales. 'Allie is an educational organisation working with an objective of providing education to under privileged children of the society. Management of each of these organisations unite the efforts of their employees towards achieving organisational goals.

The characteristic of management discussed above is:


Diligent developers, a website design company in Bangalore is a startup initiative of Mr. Maniraj which aims at achieving a profit margin of 10% in its first year. Mr. Maniraj appointed Mr. Advait as the Digital marketing Head, Mr. Kiyansh as the head of Backend department and Mr. Nirved headed the Graphics Designing Department. Since each head was specialised in specific skills, it resulted in increased efficiency and better coordination.

However, problems arose when Mr. Advait started considering group objectives superior to organisational objectives and stopped exchanging information with Mr. Kiyansh and Mr. Nirved. The company had to bear the brunt of lack of coordination and was unable to achieve its objective.

  1. Identify and state the organisational structure adopted by the company.
  2. State two benefits and two limitations of the identified structure highlighted in the above case.

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