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Outline any four fundamental characteristics of effective management in a modern business organisation. - Commerce

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प्रश्न

Outline any four fundamental characteristics of effective management in a modern business organisation.

संक्षेप में उत्तर

उत्तर

Fundamental Characteristics of Effective Management:

  1. Management is goal-oriented: Management aims to achieve economic and social objectives. It exists and operates to secure certain results. The success of management is measured by the fulfilment of desired goals. Therefore, effective management is always management by objectives. Management is a purposeful activity.
  2. Management is universal: Management is all-pervading: It is required in all types of organisations big or small, business or non-business. The basic functions of management are performed at every level of authority-top, middle or lower.
  3. Management is a group activity: Management is concerned with the efforts of a group of people. It unites the efforts of different members of the group so that they can function as a team. It implies the skill in getting things done through group efforts. It involves team work.
  4. Management is a system of authority: Management is a rule-making and ruleenforcing authority. There is a chain of authority among people working at different levels of the organisation. Efficient management is impossible without well-defined lines of command or superior-subordinate relationships at different levels of decision-making.
  5. Management is a dynamic function: Management is performed continuously so as to mould the policies and practices of the organisation according to changes in its environment. Managers also try to modify the environment in order to ensure the success of the enterprise. Therefore, management is a never-ending function.
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संबंधित प्रश्न

Statement with reasons whether the following statements are True or False:
Planning has no vital importance in the process of management.


Write short notes

Importance of organising.

 

 


State the nature of directing as a function.


Select the proper option from the options given below and rewrite the complete sentence :
Staffing is concerned with ________.


Write short answer of the following :
Why is Staffing considered an important function in all types of management?


Answer the following Question:
Define and explain the nature of Staffing.


What is meant by co-ordination? State its any four features.


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.

“She appoints a team of designers and crafts people in the company, who developed some prints for bed covers in bright colour on silk.”
Which function of management is highlighted in this context?


'It is that function of management which is considered as the base of all other functions.' Identify the function of management stated in the above lines.


Directing is the heart of the management process. Give any four reasons to support this statement.


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