Q.11 ABCD Inc. is a company which deals with providing car service at home and on
road. There are different departments in this company like Human Resources,
Marketing, Finance, Research & Development and Operations. The top
management of the company tries its level best to synchronize the activities of
different departments in the best possible manner. The result is the increased
efficiency and attainment of goals. However with the passing of time the size of the
company has grown and now there are many branches of this company. The
synchronization has turned more important with the increase in the size of the
company and the number of employees. The Departmental Heads of the company
are specialists in their respective areas and the top management tries to work with
them not with authority but by respecting their views on the subject. Their ego
clashes are avoided to ensure smooth functioning of the organisation.
Identify the concept of management highlighted above. Write two benefits
highlighted in the above paragraph of this concept.
(3)
Answers
Answer:
CBSE Class 12 Business Studies Case Studies – Nature and Significance of Management
CBSE Class 12 Business Studies Case Studies – Nature and Significance of Management
ESSENTIAL POINTS TO SOLVE CASE STUDIES
Concept of management
Management is the process of getting work done from others effectively as well as efficiently by involving functions of management to achieve organisational goals.
Efficiency involves minimising costs and increasing output. Effectiveness means doing the right work, on or before time in the right quantity and maintaining the right quality.
Characterstics of management
Management is a goal oriented process. Every organisation exists for the completion of a goal. Organisations differ from each other and hence have different sets of goals that they wish to accomplish.
Management is all pervasive. Management is present everywhere. Management activities are common to all types of organisations whether these are economic, social or political organisations.
Management is multidimensional. Management is multidimensional as it includes the following:
Management of work. Management: (i) sets goals, (ii) provides means and resources to complete the work.
Management of people. Management directly deals with the human element in the organisation. The main responsibility of management is to ‘get the work done through people/ Management of people involves the following two dimensions—
— Dealing with individuals having different behaviours and needs.
— Dealing with individuals in the form of a group of people.
Management of operations. All organisations are engaged in providing some basic products or services. This involves production process that converts input into output. Management ensures proper execution of operation corrected with this production process.
Management is a continuous process. Management process is a series of continuous, composite but separate functions that include planning, organising, staffing, directing and controlling. These functions are performed by all the managers all the time.
Management is a group activity. Management ensures teamwork and coordination of individual efforts. It guides these individual efforts towards a common direction to achieve organisational goals.
Management is a dynamic function. Management is considered as a dynamic function as it has to adapt itself to the changes occuring in the various dimensions of the environment like political, social, legal, economic and technological changes.
Management is an intangible force. Management is intangible in the sense that it can not be touched or seen. Its presence can only be felt in the manner in which an organisation performs or operates.
Conclusion
Nature and Significance of Management
Management is an ongoing process: The management approach is a series of sequential, composite, but different goals (organizing, planning, staffing, controlling and directing). All managers carry out these procedures at the same time. A manager's responsibilities include a never-ending list of responsibilities.
main content
Management concept
Management is the practice of getting work done from people in an effective and efficient manner by engaging management activities in order to achieve organizational goals.
Efficiency entails lowering expenses while increasing production. Effectiveness entails doing the appropriate task on or before the deadline, in the appropriate amount, and with the appropriate quality.
Management Characteristics
Management is an end-to-end process. Every organization exists to achieve a certain aim. Organizations differ from one another and hence have diverse sets of goals they seek to achieve.
Management is all-encompassing. Management may be seen everywhere. Management activities are shared by all forms of organizations, whether they be economic, social, or political.
Management is multifaceted. Management is multifaceted since it covers the following:
Management of work. Management: (I) sets goals, (ii) provides means and resources to complete the work.
People management. Management has direct contact with the organization's human resources. Management's primary role is to "get the work done via people." People management entails the following two dimensions
Working with people who have varying behaviors and needs.
Working with individuals in the shape of a group.
Operations management Every organization is involved in the provision of certain essential products or services. This is a manufacturing process that turns input into output. Management guarantees that this manufacturing process is carried out correctly.
Management is an ongoing effort. The management process consists of a succession of continuous, composite but distinct tasks such as planning, organizing, staffing, leading, and managing. These duties are carried out by all managers at all times.
Management is a team sport. Management ensures that collaboration and individual efforts are coordinated. It directs these individual efforts toward a shared purpose of achieving organizational goals.
Management is an ever-changing function. Management is seen as a dynamic function since it must adjust to changes in the environment's numerous aspects, such as political, social, legal, economic, and technical developments.
Management is an elusive force. Management is intangible since it cannot be felt or seen. Its existence can only be sensed in how an organization performs or runs.
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