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Define Management. - Business Studies

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प्रश्न

Define Management.

एक पंक्ति में उत्तर

उत्तर १

Management is a process which focuses on the attainment of desired organisational goals through an efficient and effective utilisation of organisational resources.

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उत्तर २

As a process, management refers to a series of inter-related functions or elements to achieve stated objectives through the effective utilization of human and other resources. It involves five functions, namely, (a) planning, (b) organizing, (c) staffing, (d) directing or leading and (e) controlling. As shown in Fig. 1 it is through the performance of these functions that management is able to effectively utilize manpower and physical resources such as money or capital, machines, materials, methods, etc. to produce goods and services required by society. 

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Concept of Management
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2015-2016 (March) All India Set 3

संबंधित प्रश्न

'Management is the process of getting things done.' State the meaning of the term 'process' used in this statement.


What is meant by 'Management'?


‘K.S. Energy Ltd.’ was a energy efficiency consultancy company. To get the business the team leader and his team used to travel to different states to give presentation to their clients. As per the policy of the company, the team leader used to travel by air, whereas his team travelled by road/train. It was not only time consuming but also at times forced female team members to travel alone. As a result, the subordinates were not acting in a desired manner to achieve organizational goals. The CEO came to know about it. He called the team leader, discussed the matter with him and changed the travel policy of the company. It was decided that all the members including the leader would travel together in future and would usefully utilize the travelling time in discussion with the subordinates about the presentation to be given to the clients. This made a positive impact and
every member of the team started acting in a manner as desired by the team leader.

State the features of the element of the function of management used by the CEO.


Explain how management helps in the development of society.


State any three objectives of management


Ashita and Lakshita are employees working in Dazzling  enterprises dealing in costume jewellery. The firm secured  an urgent order for 1,000 bracelets that were to be delivered  within 4 days. They were assigned the responsibility of  producing 500 bracelets each at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the  stipulated time at the cost of Rs 55,000 whereas, Lakshita was able to produce only 450 units at a cost of Rs 90 per unit.  State whether Ashita and Lakshita are efficient and effective.  Give reasons to justify your answer.


"Management is universal" Comment.


Explain any three objectives of management.


Management is what a _______ does?


Explain the concept of management.


According to the nature of management, Management can be considered as ______.


Efficiency is concerned with ______.


Management ensures ______.


Silico Ltd. has appointed the former Consulting executive of Shri Shakti Ltd. Rajan Bahl as its Vice President. What will be his basic task?


Ravi joined a marketing firm as a Sales manager. On his first day in the company, during the orientation programme, the CEO of the company told Ravi that he will have to simultaneously perform the functions of management (planning, organising, staffing, directing, controlling) all the time. Which characteristic of management was the CEO referring to?


Read the following text and answer the following question on the basis of the same:

Sana is the branch manager of ABC Handicrafts Pvt. Ltd. The company’s objective is to promote the sales of Indian handloom and handicraft products. It sells fabrics, furnishings, ready-mades and household items are made out of traditional Indian fabrics.

Sana decides quantities, variety, colour and texture of all the above items and then allocates resources for their purchase form different suppliers. She appoints a team of designers and crafts people in the company, who developed some prints for bed covers in bright colour on silk. Although the products looked very attractive and impressive, they were relatively expensive on the front of affordability for an average customer.

Sana suggested that they should keep the silk bed covers for special festive occasions and offer the cotton bed covers on a regular basis to keep costs under control.

In the above case “company’s objective is to promote the sales of Indian handloom and handicraft products.”
The above line focus on which feature of management?


______ is used extensively for all types of activities and mainly for taking charge of different activities in any enterprise. 


Design phase comprises of ______


Management is the process of designing and maintaining an environment in which ______. work together ______, efficiently and effectively accomplishing selected aims. 


Read the following text and answer the questions given below:

Vinay was the Chief Operating Officer of 'Easy Solutions Ltd.', a company providing advanced software solutions to Indian Defence Services. They had been carrying on business successfully for the last twelve years and earning enough profits. But from the last one year, they realised that though the business is getting big orders which are being fulfilled on time, even then the revenues kept on decreasing. Vinay was not-able to find out where the problem was. He started keeping a close check on the progress of activities as he could sense that something was wrong. He wanted to take some action before any major damage could be done to the business. Vinay appointed a cyber security expert who monitored the company's processes and found out that the computer operator was deleting the entries from the computers and pocketing the revenues. He was caught and handed over to the police. This created an atmosphere of order and discipline in the organisation and helped in minimizing dishonest behaviour on the part of the employees.

What did the analysis by Vinay reveal?


Management is a/an ______ process as it is an ongoing and never-ending process. 


Which of the following feature of management involved in managing an enterprise is common to all organisations whether economic, social or political :


McDonald's keeps introducing new variety of Burgers in its menu. Which characteristic of management is highlighted in this?


"Anyone can be called a manager irrespective of the educational qualification possessed." Identify the characteristic of the profession that Management does not fulfill in the statement being discussed above:


Different organisations have different goals. “Zeepo’ is an upcoming retail chain for providing consumer goods door-to-door, the objective of this organisation is to increase sales. 'Allie is an educational organisation working with an objective of providing education to under privileged children of the society. Management of each of these organisations unite the efforts of their employees towards achieving organisational goals.

The characteristic of management discussed above is:


Diligent developers, a website design company in Bangalore is a startup initiative of Mr. Maniraj which aims at achieving a profit margin of 10% in its first year. Mr. Maniraj appointed Mr. Advait as the Digital marketing Head, Mr. Kiyansh as the head of Backend department and Mr. Nirved headed the Graphics Designing Department. Since each head was specialised in specific skills, it resulted in increased efficiency and better coordination.

However, problems arose when Mr. Advait started considering group objectives superior to organisational objectives and stopped exchanging information with Mr. Kiyansh and Mr. Nirved. The company had to bear the brunt of lack of coordination and was unable to achieve its objectives.

  1. Identify and state the organisational structure adopted by the company.
  2. State two benefits and two limitations of the identified structure highlighted in the above case.

Mohan, the manager of a business organisation, is very lax with his employees and subordinates. He does not give them parameters or rules for reporting to work and deadlines for completion of assignments.

Which principle of management given by Henri Fayol is NOT being followed by Mohan?


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