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Explain the concept of management. - Commerce

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प्रश्न

Explain the concept of management.

स्पष्ट करा
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उत्तर

The substance of management should be identified as a process. A process is something that what a person does in the context of his individual duties and responsibilities assigned by his or her immediate higher authority.

  • There are twin purposes of the management process:
  1. Maximum productivity or profitability
  2. Maximum human welfare and satisfaction.
  • There are five parts of management as a process:
  1. Co-ordination of resources: The manager of an enterprise must effectively coordinate all activities and resources of the organization, namely, men, machines, materials, and money, the four M’s of management.
  2. Management is a Process: The manager achieves proper coordination of resources by means of the managerial functions of planning, organizing, staffing, directing (or leading and motivating), and controlling.
  3. Management is a Purposive Process: It is directed toward the achievement of predetermined goals or objectives. Without an objective, we have no destination to reach or a path to follow to arrive at our destination, i.e., a goal, both management, and organization must be purposive or goal-oriented.
  4. Management is a Social Process: It is the art of getting things done through other people.
  5. Management is a Cyclical Process: It represents a planning-action-control-replanning cycle, i.e., an ongoing process to attain the planned goals. 
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पाठ 1: Principles of Management - Exercise [पृष्ठ १०]

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सामाचीर कलवी Commerce [English] Class 12 TN Board
पाठ 1 Principles of Management
Exercise | Q IV. 1. | पृष्ठ १०

संबंधित प्रश्‍न

“Management is universal.” Comment.


Explain any three objectives of management.


Ravi joined a marketing firm as a Sales manager. On his first day in the company, during the orientation programme, the CEO of the company told Ravi that he will have to simultaneously perform the functions of management (planning, organising, staffing, directing, controlling) all the time. Which characteristic of management was the CEO referring to?


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 ______.


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.

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:


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:


Mohan, the manager of a business organisation, is very lax with his employees and subordinates. He does not give them parameters or rules for reporting to work and deadlines for completion of assignments.

Which principle of management given by Henri Fayol is NOT being followed by Mohan?


Goal-oriented focus, optimization of resource use, and adaptive processes are features of which approach?


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