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Nature And Significance Of Management

Question

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Clarify the following equation: Anything - Management = Zero.

Solution

Here, by anything we mean all types of activities: business and non-business. If we deductmanagement out of these activities, the result will be zero/failure. In other words, if we are notgoing to manage any type of activity, we can't achieve desired result or failure is inevitable.

Some More Questions From Nature and Significance of Management Chapter

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'.

Explain 'Management of people' as a dimension of management.

Explain in brief, 'management' as a group of people having managerial responsibilityfor an enterprise.

State any two characteristics of management.

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