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Q.(a) Explain any three points that highlight the importance of 'Management'.

(OR)
(b) Explain the following techniques of scientific management :
(i) Differential Piece wage system
(ii) Time Study
(iii) Method Study
CBSECBSE Class XII Board 2023Subjective· 6mImportance★★★★★
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Part (a): Management is important because it helps achieve group goals, increases efficiency, and creates a dynamic organisation.

Part (b): The Differential Piece Wage System rewards efficient workers with higher rates, Time Study fixes the standard time for a job, and Method Study finds the one best way of doing a job.

Part (a)

Management is the process of getting things done through and with people. Its importance can be explained through the following points (any three):

  1. Management helps in achieving group goals. An organisation has many resources and people pulling in different directions. Management gives them a common direction, integrating individual efforts and coordinating them towards the achievement of the organisation's goals.
  2. Management increases efficiency. Management aims at getting maximum output with minimum resources. Through better planning, organising and controlling, it reduces cost and waste and increases productivity, thereby raising the efficiency of operations.
  3. Management creates a dynamic organisation. Every organisation works in a changing environment. Management helps people adapt to these changes — in technology, competition and policy — so that the organisation continues to survive and grow instead of being left behind. …

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