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SHORT CUT TO LEARN NATURE AND SIGNIFICANCE OF MANAGEMENT

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...
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MCQ NATURE AND SIGNIFICANE OF MANAGEMENT

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              ...
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