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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

What is Management? Explain the Nature of Management.

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प्रश्न

 What is Management? Explain the nature of management.    

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उत्तर

Management refers to the art of getting the work done with the objective of achieving the goals of the organisation in an efficient and effective manner
The nature of management can be judged from the various principles on which it is based. The following points highlight the nature of principles of management.
The following points highlight the nature of the principles of management:
i.    Universal - Universality of management principles implies that they can be applied to every firm, irrespective of its size, nature or location.
ii.    Act as guidelines - Management principles act as guidelines; they are considered general premises for decision making. However, they do not provide straitjacket solutions to all problems.
iii.    Experiment based - Management principles have been developed through years of research and experimentation; that is why they are technical in nature. They pertain to different working situations and can be modified by managers as per the situations and requirements.
iv.    Flexible - Management principles are not rigid in nature. They can be moulded by managers as per the need of the hour.
v.    Behavioural - Management principles aim at influencing the behaviour of individuals; the applicability of these principles varies according to changes in human nature.
vi.    Indicative of cause–effect relationship - As management principles are based on years of experimentation, they provide a definite cause and effect relationship.​

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2012-2013 (March)

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संबंधित प्रश्‍न

Explain why is it said that principles of management are 'mainly behavioural' and 'contingent' in nature. Also explain how principles of management 'provides managers with useful insights into reality' and 'helps in thoughtful decision-making'.


Explain briefly discipline and scalar chain as principles of general management.


Explain briefly Unity of Direction and Order as principles of general management.


Why is it said that principles of management are mainly behavioural in nature?


Explain the following principle of management.

Authority and Responsibility


 Henry Fayol developed altogether _________ principles of management.


Name the principle that is an extension of the "harmony, not discord".


SanakLal and Gagan started their career in Wales Limited (a printing press) after going through a rigorous recruitment process. Since they had no prior work experience, the firm decided to give them one year to prove themselves. Name the principle of management followed by Wales Limited.


How is the Principle of ‘Unity of Command’ useful to management? Explain briefly.


Select the proper option from the options given below and rewrite completed Sentence.
14 principles of management are developed by ________.


Select the proper option from the options given below and rewrite completed Sentence.
Technique of study of ________ concentrates on the body movements of the worker.


State with reasons whether the following statement true or false:
Principles of management are rigid. 


State with reasons whether the following statement true or false:
The principles of equity says that the employees should be differentiated while distributing the work and making payment.


What is principle management?


After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.

In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honour her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees.

“Therefore, when the business was doing well, she honoured her commitment by giving bonus to her employees.” Which principle of management is being highlighted here?


______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished. 


Management principles are very ______ whereas pure science principles are rigid. 


Which of the following does not apply to Principles of Management :


Match the correct pairs:

  Group ‘A’   Group ‘B’
(a) Henry Fayol (1) It is the process of instructing, guiding, communicating and motivating
(b) Directing (2) Scientific Management theory
(c) Responsibility towards Government (3) It is the process of recruiting, selecting, placing and remunerating
(d) Digital cash (4) To earn profit
(e) Monopoly (5) Respecting rules and regulations
    (6) Exist only in cyber space
    (7) Exist everywhere
    (8) Single buyer
    (9) Modern management theory
    (10) Single seller

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