Sponsor Area
Nature And Significance Of Management
Question
Explain any four characteristics of management.
Solution
Following are the main characteristics of management:
- Management is a Goal Oriented Process: We need management when we have some goals to be achieved. A manager on the basis of his knowledge and experience tries to achieve the goals which are already decided.
- Management is all Pervasive: All types of activities-business and non-business require management for successful completion. If we remove management from these activities, the result will be a failure. Hence, management is necessary to conduct any type of activities. Hence, it is pervasive or universal.
- Management is a Group Activity: This means that it is not a single person who completes all the activities of an organisation but it is always a group of persons (Managers).Hence, management is a group effort.
- Management is an Intangible Force: Management cannot be seen. It can only be felt. If any organisation is heading toward higher levels of achievement, it signifies an existence of good management and vice-versa.
Some More Questions From Nature and Significance of Management Chapter
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.
How is management a Continuous Process?
Explain, in brief, management as a 'Dynamic Function'.
Sponsor Area
Mock Test Series
Mock Test Series