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Question 43 of 50

Q.Explain the following term/concept.
Management

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2026Subjective· 2mImportance★★★★★
86% · 43/50 Questions
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Management is the process of getting work done through others by planning, organising, staffing, directing and controlling resources to reach organisational goals effectively and efficiently.

Management is a universal activity found in every organisation — business, social or government. It is a core concept in the Maharashtra HSC OCM course (and in NCERT/CBSE Business Studies), where it is treated as a process, an activity and a discipline.

Meaning: Management means 'to manage', i.e. to get things done through others. It is the process of directing and coordinating human and material resources so that the objectives of the organisation are achieved. According to Harold Koontz, "Management is the art of getting things done through and with people in formally organised groups."

Key features:

  • It is a continuous process of inter-related functions — planning, organising, staffing, directing and controlling.
  • It is goal-oriented — every managerial activity is aimed at achieving pre-decided objectives. …

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