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What is meant by management ?

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प्रश्न

What is meant by management ?

टीपा लिहा
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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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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 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
पाठ 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.


'Is Management concerned only with doing the right task, completing activities and achieving goals without taking into consideration the cost benefit?' Give reason in support of your answer.


‘K.S. Energy Ltd.’ was a energy efficiency consultancy company. To get the business the team leader and his team used to travel to different states to give presentation to their clients. As per the policy of the company, the team leader used to travel by air, whereas his team travelled by road/train. It was not only time consuming but also at times forced female team members to travel alone. As a result, the subordinates were not acting in a desired manner to achieve organizational goals. The CEO came to know about it. He called the team leader, discussed the matter with him and changed the travel policy of the company. It was decided that all the members including the leader would travel together in future and would usefully utilize the travelling time in discussion with the subordinates about the presentation to be given to the clients. This made a positive impact and
every member of the team started acting in a manner as desired by the team leader.

State the features of the element of the function of management used by the CEO.


What is meant by 'Management'?


State any three objectives of management


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


Answer the following question.
Mita has a successful ice cream business at Bikaner, namely "Smart flavours' ice creams are utterly delicious. She makes ice creams from fresh milk and the same are available in a wide range of flavours and packs. She sets viable business objectives and works with the same in mind in order to ensure that the customers will come back for purchasing.
Having the first-mover advantage, her business was doing well. To earn higher profits, she started cutting costs. This would sometimes lead to delay in delivery and the ice cream was not reaching the market in time. Over a period of time, the demand for her ice cream declined and because of it, the competitors entered the market. She lost some of her market share to competitors.
At the beginning of the summer season, she got back to backorder for the supply of 4,000 ice cream packs of different flavors for special occasions. To ensure that the task was completed and orders delivered in time she hired additional workers. She was, thus able to produce and deliver the ice cream packs but at a high production cost. While completing activities and finishing the given task for achieving goals, Mita realized that she was ignoring one of the important aspects of management.
Identify the aspects of management that has been ignored by Mita. Also, explain the same with the help of an example.


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


What is Management?


Management ensures ______.


Silico Ltd. has appointed the former Consulting executive of Shri Shakti Ltd. Rajan Bahl as its Vice President. What will be his basic task?


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 ______.


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


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:


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.

Which process involves achieving group objectives through organizing people and resources efficiently?


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


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