Nature and Significance of Management

Management of work involves translating work goals into problems to be solved and decisions to be made.

Human resources are not considered a valuable asset for an organization according to the text.

Managing people only involves dealing with employees as a group, not as individuals with diverse needs and behavior.

The main focus of management is to make people's weaknesses irrelevant for achieving the organisation's goals.

Every organization provides a basic product or service in order to sustain itself.

In management of operations, the focus is on translating operations into financial gains only.

Management of work does not involve assigning responsibilities or delegating authority.

Managing people does not include making their strengths effective for achieving organizational goals.

The main focus of management is on making people's weaknesses highly relevant for success.

Management of operations does not require organizations to provide any product or service for survival.