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Nature And Significance Of Management

Question

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Management is a systematized body of knowledge that explains certain general truths. Explain.

Solution

Management is a science, which is a systematized or arranged as per a system set for an organization by management developed by management practitioners, thinkers and philosophers over a period of years. This knowledge is scientific in nature and is useful for understanding and applying the truths related to management that ensures efficiency and effectiveness in operations of a business.

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.

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Management is not visible, it can only be felt. Explain.

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