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Nature And Significance Of Management

Question

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Hero Ltd's target is to produce 10,000 shirts per month at a cost of ? 150 per shirt.The Production Manager could achieve this target at a cost of ? 160 per shirt. Do youthink the Production Manager is 'effective'? Give reason in support of your answer.

Solution

Yes, he is an effective manager as he has achieved the target.

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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