Rahul Arora Sir

MEANING OF MANAGEMENT Management is the process of getting things done with the aim of achieving goals effectively and efficiently.   •   Effectiveness is concerned with doing the right task, completing activities and achieving goals.   •   Efficiency means doing the task correctly and with minimum cost.   Management must ensure that tasks are completed (effectiveness) at a minimum cost (efficiency). FEATURES OF MANAGEMENT M y C harming D ad I s G iving G rand P arty ( MCD PIG ) 1.MultiDimensional 2. Continous 3.    Dynamic 4.    Intangible 5.    Group Activity 6.    group Goals 7.Pervasive IMPORTANCE OF MANAGEMENT GDP depends upon Efficient Society 1.   Achieving Group Goals 2.   Dynamic Organisation 3.   Achieving Personal Objectives 4.   Increases efficiency 5.   Helps in Development of Society...

  1 Alpha Ltd. is a construction company in which all the employees learn various ways of dealing with diverse situations from their seniors. Company provides financial as well as non-financial incentives. This helps the employees to grow and develop their abilities. The organization behaves as a responsible constituent of society and always creates good quality products. It has a positive image in the market. The training modules are excellent and the employees always try to find unique ways of providing solutions in the context of rapidly changing business environment. This has helped the organization to adjust smoothly. The importance of management highlighted is as follows: (a)   Helps in achieving personal objectives: A manager motivates and leads his team in such a manner that individual members are able to achieve pe...

MCQs 1 Efficiency is a task   (a)   being completed on time   (b)   being completed on time with least resources   (c)   being completed on time with added resources   (d)   none of the above   2 Which of the following is a social objective?   (a)   providing good working conditions to workforce   (b)   providing good quality products at reasonable prices   (c)   providing good returns to investors   (d)   utilizing human and material resources optimally. 3 Which of the following characteristics of profession is present in management?   19   (a) code of conduct              ...