Advertisements
Advertisements
Question
Why is management considered to be a multi-dimensional
concept?
Advertisements
Solution
Management is called a multidimensional concept as it has three dimensions which areto the following:
• Management of work: All the organizations have to perform some work such as production or sale. A work is defined with the goals that it's achieved and the method of doing so.
• Management of people: The main asset of an organization is human labour. Managing people is extremely important. The employees have to considered as individuals well as a team. Personal goals have to be achieved along with the firm’s goal.
• Management of operations: All the organizations either engage in producing a good or selling a good. It means the conversion of inputs into outputs. This production process requires management.
APPEARS IN
RELATED QUESTIONS
'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.
What is meant by 'Management of people'?
What is meant by management ?
Explain any three objectives of management.
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.
List out the management tools.
Management ensures ______.
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?
Which statement is correct regarding division of work?
Design phase comprises of ______
Which study is the study of movements?
'Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:
Match the CHARACTERISTICS of management in Column I with their correct EXPLANATIONS in Column II:
| Column I | Column II | ||
| (a) | Goal-oriented process | (i) | Management is a complex activity involving management of people, work and operations. |
| (b) | Group activity | (ii) | Some aims and objectives are the basic reason for existence of an organization. |
| (c) | Multidimensional | (iii) | Diverse individuals with different needs work together to fulfill the common organizational goal. |
Which of the following feature of management involved in managing an enterprise is common to all organisations whether economic, social or political :
"Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:
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. |
| 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:
Which process involves achieving group objectives through organizing people and resources efficiently?
