Business_Studies_Nature_and_Significance_Presentation.pptx

nature of its kind

1. Business Studies - Nature and Significance of Management Class XII Textbook Summary

2. Introduction Management is essential for all organizations to guide efforts towards achieving common objectives efficiently and effectively.

3. Key Characteristics of Management 1. Goal-Oriented Process 2. All Pervasive 3. Multidimensional 4. Continuous Process 5. Group Activity 6. Dynamic Function 7. Tangible Force

4. Objectives of Management 1. Organisational Objectives: Survival, Profit, Growth 2. Social Objectives: Social responsibility and societal development 3. Personal Objectives: Fulfilling individual aspirations of employees

5. Functions of Management 1. Planning: Setting goals and outlining ways to achieve them 2. Organizing: Assigning tasks and allocating resources 3. Staffing: Recruiting the right personnel 4. Directing: Leading and motivating 5. Controlling: Monitoring progress and making corrections

6. Coordination - The Essence of Management Coordination integrates all activities and efforts to ensure unity of action and achievement of organizational goals. It is continuous, pervasive, and essential for efficient management.

7. Levels of Management 1. Top Management: Setting objectives and policies 2. Middle Management: Implementing plans and supervising lower levels 3. Supervisory/Operational Management: Overseeing daily operations and workforce

8. Nature of Management Management is a blend of science and art, involving theoretical knowledge and its creative application. While it lacks certain elements of a full profession, it aligns closely with professional practices.