Management Module 1: Resources and Goals

Management is defined as the art of getting things done through the coordination of all resources to attain stated goals.

Management is considered a dynamic function because it must adapt to changing environments.

The two primary activities are planning and organizing.

<p>Management is described as both an art and a science because it requires creativity and intuition as well as systematic knowledge and analysis.</p> Signup and view all the answers

<p>Management is multi-disciplinary because it encompasses knowledge from various fields such as math, commerce, and psychology.</p> Signup and view all the answers

<p>Human resources, financial resources, and physical resources.</p> Signup and view all the answers

<p>Management coordinates and controls activities, directing people towards organizational goals.</p> Signup and view all the answers

<p>Management means 'manage men tactfully' for achieving targets.</p> Signup and view all the answers

<p>Management as a noun, as a process, and as a discipline.</p> Signup and view all the answers

<p>It refers to the managerial personnel of an enterprise, such as managers and directors.</p> Signup and view all the answers

<p>It includes various functions performed by managers, such as planning and organizing.</p> Signup and view all the answers

<p>It refers to the principles and practices of management as a subject of study.</p> Signup and view all the answers

<p>It is mainly used in the sense of a process.</p> Signup and view all the answers

<p>The primary goal of management is to achieve predetermined objectives by optimally utilizing resources.</p> Signup and view all the answers

<p>Sam Walton defines management as the art of making ordinary people do extraordinary things.</p> Signup and view all the answers

<p>Louis A. Allen defines management simply as 'what management does'.</p> Signup and view all the answers

<p>One characteristic of management is that it is a process.</p> Signup and view all the answers

<p>Henry L. Sisk states that management is the coordination of all resources through planning, organizing, directing, and controlling.</p> Signup and view all the answers

<p>Group activity is significant in management as it involves achieving business objectives through collective efforts.</p> Signup and view all the answers

<p>Stewart states that management entails deciding what should be done and then getting other people to do it.</p> Signup and view all the answers

<p>Fredmund Malik emphasizes that management refers to the transformation of resources into utility.</p> Signup and view all the answers

<p>Management creates employment opportunities and promotes economic prosperity, which raises the standard of living.</p> Signup and view all the answers

<p>Management facilitates faster economic and social development by enabling effective allocation of resources and strategies.</p> Signup and view all the answers

<p>Management addresses the needs of society in areas like education, healthcare, and entrepreneurship, driving social innovation.</p> Signup and view all the answers

<p>The primary task of all managers is to coordinate resources efficiently to achieve organizational goals.</p> Signup and view all the answers

<p>The number of levels of management in an organization depends on its size, nature, and complexity.</p> Signup and view all the answers

<p>It involves recruitment, placement, training, transfer, promotion, and safety of workers.</p> Signup and view all the answers

<p>Management plans actions that ensure the effective utilization of resources such as money, machines, materials, and manpower.</p> Signup and view all the answers

<p>The main goal is to maintain the organizational system and foster growth and prosperity through coordination.</p> Signup and view all the answers

<p>Management acts as an advisor to help organizations adapt and overcome challenges in an ever-changing world.</p> Signup and view all the answers

<p>Financial management focuses on the procurement and effective utilization of funds required for business operations.</p> Signup and view all the answers

<p>Production management is primarily concerned with planning, organizing, and controlling activities related to the manufacturing of goods and services.</p> Signup and view all the answers

<p>Distribution management involves marketing, consumer research, advertising, and managing sales and export processes.</p> Signup and view all the answers

<p>Materials management aims to determine policies for the procurement and disbursement of materials, minimizing wastage.</p> Signup and view all the answers

<p>Transport management focuses on the logistics of moving goods by various means, including road, rail, water, and air.</p> Signup and view all the answers

<p>Maintenance management ensures proper care and maintenance of buildings, plants, and equipment.</p> Signup and view all the answers

<p>Management is responsible for the selection, employment, training, and promotion of workers, as well as welfare services and ensuring safety.</p> Signup and view all the answers

<p>Office management organizes office functions to facilitate effective communication and control, supporting management's goals.</p> Signup and view all the answers

<p>Management is essential because it effectively utilizes resources and coordinates activities to meet organizational goals.</p> Signup and view all the answers

<p>Management optimizes the use of human and non-human resources, eliminating wastage and increasing efficiency.</p> Signup and view all the answers

<p>Management shapes individuals' personalities and improves their efficiency and productivity through development.</p> Signup and view all the answers

<p>Management encourages teamwork and coordinates activities across departments, leading to business growth.</p> Signup and view all the answers

<p>Management enables organizations to adjust their goals and operations according to changing societal needs.</p> Signup and view all the answers

<p>The success or failure of an enterprise is largely determined by the effectiveness of its management.</p> Signup and view all the answers

<p>Lower level management issues orders, prepares action plans, assigns tasks, and ensures a safe work environment.</p> Signup and view all the answers

<p>The top level management consists of owners, shareholders, Board of Directors, and key officers.</p> Signup and view all the answers

<p>Middle level management links top level management to lower level management and ensures departmental functioning.</p> Signup and view all the answers

<p>Top level management is responsible for determining objectives and framing policies for the organization.</p> Signup and view all the answers

<p>In large enterprises, middle level management can be subdivided into upper middle management and lower middle management.</p> Signup and view all the answers

<p>Lower level management supervises the day-to-day activities of workers and acts as a direct touchpoint.</p> Signup and view all the answers

<p>Middle level management is responsible for selecting suitable operative and supervisory personnel.</p> Signup and view all the answers

<p>Lower level management is directly in contact with employees and supervises their daily tasks.</p> Signup and view all the answers

<p>Issuing orders and instructions, and ensuring a safe and proper work environment.</p> Signup and view all the answers

<p>Classical Stage, Human Relation Stage, Quantitative Stage, System Approach Stage, and Contingency Stage.</p> Signup and view all the answers

<p>Helping the lower level management.</p> Signup and view all the answers

<p>Management evolved along with social, economic, and scientific institutions, adapting to changes in society.</p> Signup and view all the answers

<p>It ensures that employee concerns are addressed and promotes a positive work environment.</p> Signup and view all the answers

<p>Frederick Winslow Taylor</p> Signup and view all the answers

<p>Management aids social upliftment by enhancing individual values and aligning organizational practices with societal beliefs.</p> Signup and view all the answers

<p>The industrial revolution</p> Signup and view all the answers

<p>Sun Tzu</p> Signup and view all the answers

<p>Management plays a crucial role in employee satisfaction by involving all employees in the organization and valuing their contributions.</p> Signup and view all the answers

<p>Planning, organizing, leading, and controlling</p> Signup and view all the answers

<p>Challenges such as growing business complexity, increasing specialization, and cut-throat competition underscore the importance of management.</p> Signup and view all the answers

<p>They recognized management as a separate art.</p> Signup and view all the answers

<p>Levels of management refer to the hierarchical structure of different managerial positions within an organization.</p> Signup and view all the answers

<p>Economic incentives</p> Signup and view all the answers

<p>The primary function of all managers is to ensure tasks are completed through the efforts of others.</p> Signup and view all the answers

<p>Resources remain unutilized or ineffective without management, which transforms them into productive outputs.</p> Signup and view all the answers

<p>The Chinese</p> Signup and view all the answers

<p>The number of levels of management varies according to the size, nature, and functions of the organization.</p> Signup and view all the answers

<p>Principles in state administration</p> Signup and view all the answers

<p>Many workers did not know how to work efficiently and scientifically.</p> Signup and view all the answers

<p>'Levels of management' refers to the structured hierarchy of managerial positions from top to bottom in an organization.</p> Signup and view all the answers

<p>It had a well-defined structure and hierarchy.</p> Signup and view all the answers