Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Match the following

LIST I LIST II
A) Management is needed in all types of organisation I) Management is multidimensional
B) Management has to adapt itself to the changing environment II) Management is pervasive
C) The effect of management is noticeable in an organisation where targets are met according to plans, employees are happy III) Management is a dynamic function
D) Management involves management of work, people and operations IV) Management is an intangible force 
Options:

A-II, B-III, C-IV, D-I

A-II, B-I, C-III, D-IV

A-III, B-I, C-II, D-IV

A-I, B-II, C-III, D-IV

Correct Answer:

A-II, B-III, C-IV, D-I

Explanation:

A) Management is needed in all types of organisation: The activities involved in managing an enterprise are common to all organisations whether economic, social or political. A petrol pump needs to be managed as much as a hospital or a school. What managers do in India, the USA, Germany or Japan is the same. How they do it may be quite different. This difference is due to the differences in culture, tradition and history. Thus, management is a pervasive function.

B) Management has to adapt itself to the changing environment- Management is a dynamic function and has to adapt itself to the changing environment. An organisation interacts with its external environment which consists of various social, economic and political factors. In order to be successful, an organisation must change itself and its goals according to the needs of the environment.

C) The effect of management is noticeable in an organisation where targets are met according to plans, employees are happy- 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.

D) Management involves management of work, people and operations- Management is a complex activity that has three main dimensions. These are:
* Management of work: All organisations exist for the performance of some work. In a factory, a product is manufactured, in a garment store a customer’s need is satisfied and in a hospital a patient is treated. Management translates this work in terms of goals to be achieved and assigns the means to achieve it. This is done in terms of problems to be solved, decisions to be made, plans to be established, budgets to be prepared, responsibilities to be assigned and authority to be delegated.
* Management of people: Human resources or people are an organisation’s greatest asset. Despite all developments in technology “getting work done through people” is still a major task for the manager. Managing people has two dimensions (i) it implies dealing with employees as individuals with diverse needs and behavior; (ii) it also means dealing with individuals as a group of people. The task of management is to make people work towards achieving the organisation’s goals, by making their strengths effective and their weaknesses irrelevant.
* Management of operations: No matter what the organisation, it has some basic product or service to provide in order to survive. This requires a production process which entails the flow of input material and the technology for transforming this input into the desired output for consumption. This is interlinked with both the management of work and the management of people.