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Question
Answer in one sentence.
What is management?
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Solution
Management is a set of principles which relate to the various functions such as planning, organizing, staffing, directing, coordinating, controlling etc. which are helpful in achieving organizational goals.
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Study the following case/situation and express your opinion:
| Meena a home science graduate has recently done a cookery course. She wished to start her own venture with a goal to provide 'healthy food' at reasonable price. She discussed her idea with her teacher (mentor) who encouraged her. After analysing various options for starting her business venture, they shortlisted the option to sell readymade and 'ready to make' vegetable shakes and milk shakes. Then they both weighed the pros and cons of both the shortlisted options. |
- Name the function of management being discussed above and give any one of its characteristics.
- Also briefly discuss any two limitations the function discussed in the case.
