Question 14 of 25
Q.What is management ?
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2022Subjective· 2mImportance★★★★★
56% · 14/25 Questions
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Start your 14-day free trial to unlock the full solution →Management is the process of getting organisational goals achieved effectively and efficiently by coordinating people and resources through the functions of planning, organising, staffing, directing and controlling.
Management can be defined as the process of designing and maintaining an environment in which people, working together in groups, accomplish selected aims efficiently. In simple terms, it is "getting things done through others."
Key points about management (as tested in the Tamil Nadu HSC Commerce syllabus):
- It is a process made up of the functions of planning, organising, staffing, directing and controlling.
- It is goal-oriented — every managerial activity is aimed at achieving definite organisational objectives.
- It works through and with people and coordinates all resources (men, money, materials, machines, methods and markets).
- It aims at both effectiveness (achieving the goal) and efficiency (achieving it with least cost and wastage). …
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