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Questions and Answers
What is one main reason organizations require management?
What is one main reason organizations require management?
- To minimize the use of resources
- To unify group efforts towards a common objective (correct)
- To maximize errors and losses
- To decrease employee satisfaction
How can management be classified in terms of its nature?
How can management be classified in terms of its nature?
- Both an Art and a Science (correct)
- Only an Art
- Neither an Art nor a Science
- Only a Science
What does the presence of management help to reduce in an organization?
What does the presence of management help to reduce in an organization?
- Goal difficulty
- Errors and losses (correct)
- Resource availability
- Team collaboration
In the diagram representing 'With Management', what is the outcome of including management in the process?
In the diagram representing 'With Management', what is the outcome of including management in the process?
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Which of the following best describes the role of management in resource utilization?
Which of the following best describes the role of management in resource utilization?
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What is a key characteristic of management as an Art?
What is a key characteristic of management as an Art?
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Which component is fundamentally absent in the 'without management' scenario?
Which component is fundamentally absent in the 'without management' scenario?
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Study Notes
Definition of Management
- Management combines art and science to achieve work objectives with satisfaction for employers, employees, and the public.
- It involves designing and maintaining environments where individuals collaborate in groups to fulfill selected goals.
Importance of Management
- Essential for directing and integrating group efforts towards common objectives in any organization.
- Facilitates collective action, enhancing overall organizational efficiency.
Art and Science of Management
- Art: Requires various skills to coordinate work and foster cooperation among individuals.
- Science: Grounded in factual measurements and data analysis, allowing for methodical management techniques.
Organizational Functioning
- Without Management:
- Resources (Man, Machine, Materials) directed towards goal completion often lead to errors, losses, and lack of perfection.
- With Management:
- Resources are managed effectively to achieve desired goals, promoting optimal task completion and reducing inefficiencies.
Resource Utilization in Management
- Efficient management involves strategically utilizing manpower, money, materials, and machinery.
- Aimed at aligning resources with the enterprise's goals through well-defined methods.
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