Podcast
Questions and Answers
What is the primary focus of management of people?
What is the primary focus of management of people?
Why is management considered all pervasive?
Why is management considered all pervasive?
How is management defined?
How is management defined?
What characteristic of management is highlighted by the statement 'A collection of diverse individuals with different needs but working towards fulfilling the common organizational goals'?
What characteristic of management is highlighted by the statement 'A collection of diverse individuals with different needs but working towards fulfilling the common organizational goals'?
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What does a successful organization need to change according to its environment?
What does a successful organization need to change according to its environment?
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Why is management considered to be a three-tier machinery?
Why is management considered to be a three-tier machinery?
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Which characteristic of management emphasizes the importance of achieving goals effectively and efficiently?
Which characteristic of management emphasizes the importance of achieving goals effectively and efficiently?
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What is a way in which entry to a profession can be restricted?
What is a way in which entry to a profession can be restricted?
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Why do managers focus on directing and motivating individuals?
Why do managers focus on directing and motivating individuals?
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Which factor does NOT contribute to proving that management is multi-dimensional?
Which factor does NOT contribute to proving that management is multi-dimensional?
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Where does efficient management focus when considering tasks and goals?
Where does efficient management focus when considering tasks and goals?
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What is the primary way in which co-ordination integrates group efforts?
What is the primary way in which co-ordination integrates group efforts?
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Study Notes
Nature of Management
- Management is an art of getting things done through others, involving directing and motivating individuals to achieve organizational and individual needs.
Characteristics of Management
- Management is all-pervasive, applicable to all types of organizations whether economic, social, or political.
- Management is a group activity, requiring the contribution of diverse individuals towards achieving common organizational goals.
- Management is a dynamic function, adapting to changing external environments, including social, economic, and political factors.
Objectives of Management
- Social objectives include creating employment opportunities for disadvantaged sections of society and providing basic amenities to employees.
- Organizational objectives may involve achieving specific goals, such as generating employment opportunities for physically challenged persons.
Aspects of Management
- Management involves co-ordination, which integrates group efforts by unifying diverse interests and giving them a common focus to ensure performance according to plans.
- Management is multi-dimensional, encompassing various aspects, including management of work and management of people.
Hierarchy of Management
- Management is considered a three-tier machinery, consisting of top, middle, and operational levels in the management hierarchy.
Professionalism in Management
- Entry to a profession may be restricted through examinations or educational degrees.
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Description
Test your knowledge on important very short answer questions from Chapter 1: Nature and Significance of Management in Class 12 Business Studies. Questions cover topics like management by people and the meaning of the term 'process'.
