Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

"Management always works by keeping an end result or aim of the organisation. All activities of managers are directed towards the end result."

From the above statement, identify the feature of management.

Options:

Management is multidimensional

Management is continuous

Management is intangible

Management is a goal oriented process

Correct Answer:

Management is a goal oriented process

Explanation:

The correct answer is Option (4) → Management is a goal oriented process.

The feature of management described in the statement is that "Management is a goal-oriented process." It emphasizes that all activities of managers are directed towards achieving the end result or aim of the organization, indicating that management operates with specific goals or objectives in mind.

* Management is a goal-oriented process: An organisation has a set of basic goals which are the basic reason for its existence. These should be simple and clearly stated. Different organisations have different goals. For example, the goal of a retail store may be to increase sales, but the goal of The Spastics Society of India is to impart education to children with special needs. Management unites the efforts of different individuals in the organisation towards achieving these goals.

* Management is multidimensional: Management is a complex activity that has three main dimensions. These are Management of work, Management of work, Management of operations.

* Management is a continuous process: The process of management is a series of continuous, composite, but separate functions (planning, organising, directing, staffing and controlling). These functions are simultaneously performed by all managers all the time.

* Management is an intangible force: Management is an intangible force that cannot be seen but its presence can be felt in the way the organisation functions. The effect of management is noticeable in an organisation where targets are met according to plans, employees are happy and satisfied, and there is orderliness instead of chaos.