Business Studies

Nature And Significance of Management

Questions Bank

  • According to Harold Koontz, says management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.
    2018-02-12 18:01:39
  • Concept of Management are (i) Management as a process; (ii) Management as a group; (iii) Management as a Discipline
    2018-02-12 18:01:17
  • Features of Management are (i) Goal oriented process, (ii) Group Activity, (iii) Continuous Process, (iv) All Pervasive, (v) Dynamic Function, (vi) Distinct Activity, (vi) Intangible Force.
    2018-02-12 18:00:55
  • Importance of Management are (i) Improving Efficiency; (ii) Achieving Group Goal; (iii)  Creating a dynamic organisation; (iv) Helps in Achieving Personal Objectives; (v) Helping in development of society; (vi) Brings Harmony in Work.
    2018-02-12 18:00:11
  • Levels of Management means the levels which represents the relationship between the managers and subordinates working in an organisation.
    Types of Levels of Management are (i) Top level management, (ii) Middle level management, (iii) Supervisory level of management.
    2018-02-12 17:59:40
  • According to E.F.L. Brech, coordination is balancing and keeping together the team by ensuring suitable allocation of tasks to the various members and seeing that the tasks are performed with harmony among the members themselves
    2018-02-12 17:59:14
  • Characteristics Or Nature of Coordination are (i) Essence of Management; (ii) Continuous Process; (iii) More than Cooperation; (iv) Important to Levels of Management; (v) An all Pervasive Function; (vi) Deliberate Function (vii) Ensures Unity of Efforts; (viii) Integrates Group Efforts
    2018-02-12 17:58:56
  • Importance of Coordination are (i) Results in recognition of goals; (ii) Leads to Economy and Efficiency; (iii) Provides job satisfaction to the employees and keeps their morale high; (iv) Avoids duplication of work and saves time and energy.
    2018-02-12 17:57:58

  • 2018-02-12 17:57:17

Questions Bank -

Ans. As the low level management is directly supervise the work-force of the organisation.

Ans. The two dimension which classify management as multi-dimensional are:
(a) Management of Work
(b) Management of Operation

Ans. Planning is considered as the first function of management because all other functions of management are dependent on planning only.

Ans. The Planning is the first and controlling is the last function of management.

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