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Nature And Significance Of Management
Question
Explain the phrase 'Management is Multi-dimensional.'
Solution
The main dimensions of management are as follows:
- Management of Work: Every organisation is established for doing some work, like a school provides education, a hospital treats patients and a factory produces goods. Of these no work can be completed satisfactorily without management.
- Management of People: Each organisation is established for doing some work and the same is conducted by people. Hence, it is necessary to manage the people so that the work can be accomplished in a better way.
- Management of Operations: To achieve the goals of an organisation many operations or activities are needed to be conducted, such as production, sale, purchase, finance, accounting, R&D, etc. Again, management is needed to make sure that operations are accomplished efficiently and effectively.
Some More Questions From Nature and Significance of Management Chapter
Explain the phrase 'Management is Multi-dimensional.'
Clarify the meaning of ‘Group Efforts’ in management.
Explain any four characteristics of management.
Explain any five features of management.
Define management.
Clarify the following equation: Anything - Management = Zero.
Explain, in brief, ‘management’ as an activity.
Explain, in brief, ‘management’ as a process.
How is Management a 'Goal Oriented Process'?
Management is not visible, it can only be felt. Explain.
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