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: 10 minutes
CBSE: Class 12
Introduction
- Management is the process of planning, organising, directing and controlling the efforts of organisational members.
- It also involves using organisational resources to achieve specific organisational goals.
CBSE: Class 12
Functions of Management
Planning
- Decides what, how and who will do the work.
- Sets goals and develops plans.
- Predicts problems and prepares contingency plans.
Organising
- Assigns duties and groups tasks.
- Establishes authority and reporting relationships.
- Allocates resources for implementation.
- Improves efficiency and effectiveness.
Staffing
- Right person for the right job.
- Human resource function.
- Includes recruitment, selection, placement and training.
Directing
- Leads, influences and motivates employees.
- Includes leadership, motivation, communication and supervision.
- Encourages employees to perform their best.
Controlling
- Monitors performance towards goals.
- Sets standards and measures performance.
- Compares results with standards.
- Takes corrective action.
CBSE: Class 12
Interrelationship of Functions
- The functions are usually discussed in the order: Planning → Organising → Staffing → Directing → Controlling.
- In reality, managers are rarely able to carry out these functions in isolation.
- Managerial activities are interrelated, and it is often difficult to pinpoint where one function ends and another begins.
CBSE: Class 12
Key Points: Functions of Management
| Function | Core Idea | Key Action |
|---|---|---|
| Planning | Decide in advance | Set goals & contingencies |
| Organising | Arrange resources | Assign roles & authority |
| Staffing | Right person, right job | Recruit, train, place |
| Directing | Lead & motivate | Communicate & supervise |
| Controlling | Check performance | Measure, compare, correct |
