Question

*Work sheet for 6-4-2020*
1. "Management is the trinity of art, science and profession." In the light of this statement explain the nature of Management.
2. "Co-ordination is the process of achieving unity of action among inter- dependent activity and department of an organization". "Explain the nature of co-ordination in the light of this statement.
3. "Lack of proper management results in wastage of time, money and efforts. "Do you agree with this statement? Give reasons in support of your answer.
4. Explain any five characteristics of management.

Answer 1

Answer:

1.Management combines features of both science as well as art. It is considered as a science because it has an organized body of knowledge which contains certain universal truth. It is called an art because managing requires certain skills which are personal possessions of managers.

2. Coordination Ensures Unity of Action :- It's a binding force between various department and ensure that all efforts are focused towards achieving the organisational goals.

It means Coordination is an effort which is made to create unity among the various activities of an organisation.

For eg:- The Purchase and Sales Departments have to coordinate their efforts so that supply of goods takes place according to purchase orders.

3.Yes, lack of proper management result in wastage of time, money and effort. It is justified because management plays an important role in an organisation. The following points highlight the significance of management for an organisation.

4.Any five characteristics of management are:

1. Management is a goal oriented process as it leads to achievement  

of common goals.  

2. Management is pervasive in nature and has a universal phenomenon.  

3. Management is a multi-dimensional as it is required to manage work, people and operations,

4. Management is a continuous process because it is performed continuously in the organisation.

5. Management is a dynamic function as it keeps on changing according to the changes taking place in the environment.

Explanation:

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