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Video tutorials - Business Studies: Principles and Functions of Management - Nature and Significance of Management (Central Board of Secondary Education (CBSE))

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shaalaa.com | Principles and Functions of Management Introduction

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Principles and Functions of Management Introduction [00:31:51]
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Nature and Significance of Management
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Description

Units/Topics-

  • Management-concept, objectives, and importance
  • Concept includes meaning and features
  • Management as Science, Art and Profess on Levels of Management
  • Management functions- planning, organizing, staffing, directing and controlling
  • Coordination- concept and importance

Learning Outcomes

After going through this unit, the student/ learner would be able to:

  • Understand the concept of management.
  • Explain the meaning of 'Effectiveness' and 'Efficiency.'
  • Discuss the objectives of management.
  • Describe theimportance of management.
  • Examine the nature of management as a science, art and profession.
  • Understand the role of top, middle andlower levels of management
  • Explain the functions of management
  • Discuss the concept and characteristics of coordination.
  • Explain theimportance of coordination.
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