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Question
| 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:
Options
Management is goal-oriented.
Management is a continuous process.
Management is a dynamic function.
Management is an intangible force.
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Solution
The characteristic of management discussed above is Management is goal-oriented.
Explanation:
Each of these organizations' management teams coordinate their employees' activities to achieve organizational goals. As a result, all management activities and efforts are directed directly toward achieving these objectives.
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Simplex Limited had been taken over by Mundhra Group immediately following India's independence. Since then it enjoys a rich record of industry presence and experience. In 2005, with the aim to accelerate growth the company had gone through several rounds of meetings and discussions before launching ERP system to attract large projects. The management had done effective forecast and critical thinking regarding allocation of resources to reduce wastage. For this purpose, the company had laid down multiple courses of action to meet the challenge of adverse situations. In 2008, the company suffered loss in many projects due to the great recession despite taking many cost cutting measures. The management had taken utmost care regarding the possible outcome and timely review of the plans to achieve the set target during that hard time. In 2010 the system implemented successfully which subsequently helped the company to execute numerous projects with precision and timeliness.
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| Monika, Rashmi and Garima are childhood friends. After completing their education, Monika joined a school as a teacher. Rashmi joined a firm as a Chartered Accountant and Garima as a General Manager in a Multi-National Company. After a long time in a re-union function of the school, they met each other. Rashmi said that they were all professionals now. Garima told Rashmi that she can say this about Monika and herself, but not about her since Manager is not considered a full-fledged professional. |
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Reasoning (R): For management both efficiency and effectiveness need to be balanced.
Which process involves achieving group objectives through organizing people and resources efficiently?
Which statement best describes the main aim of utilizing optimum resources for efficient group operations?
What function of management involves arranging resources and assigning chores in a family or organization?
What does efficiency in management primarily concern?
Management is described as which type of force in organizational operations?
Which of the following are the key functions of management?
