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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

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


What is meant by '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.


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


What is Management?


Explain the concept of management.


Efficiency is concerned with ______.


Management ensures ______.


Successful organisations do not achieve goals by chance but by following a deliberate process known as


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 ______.


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?


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 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures." Which limitation of the management process is indicated here?


Design phase comprises of ______


Match the CHARACTERISTICS of management in Column I with their correct EXPLANATIONS in Column II :

  Column I Column II
(i) Goal-oriented process Management is a complex activity involving management of people, work and operations.
(ii) Group activity Some aims and objectives are the basic reason for existence of an organisation.
(iii) Multi-dimensional Diverse individuals with different needs work together to fulfill the common organisational goal.

Assertion (A): Management is concerned with efficient use of resources.

Reasoning (R): For management both efficiency and effectiveness need to be balanced.


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


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