📖 generic · CBSE Class 12th English Medium · BUISNESS STUDIES · Page 5question

M anagement · Part 3

Chapter 5: M anagement · BUISNESS STUDIES

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. (c) Management of operations: No matter what the organisation, it has some basic product or service to provide in order to survive. This requires a prod- uction process which entails Together Everyone Achieves More as a Team day.

Some days she may spend more time in planning a future exhibition and on another day, she may spend time in sorting out an employee’s problem. The task of a manager consists of an ongoing series of functions. (v) Management is a group activity: An organisation is a collection of diverse individuals with different needs. Every member of the group has a different purpose for joining the organisation but as members of the organisation they work towards fulfilling common organisational goal.

This requires team work and coordination of individual effort in a common direction. the flow of input material and the technology for transfor- ming this input into the desired output for consumption. This is interlinked with both the management of work and the management of people. (iv) Management is a continuous process: The process of manage- ment 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. You may have observed that Smita at Namchi Designer Candles performs several different tasks in a single Management – a multidimensional activity At the same time management should enable all its members to grow and develop as needs and opportunities change. (vi) Management is a dynamic function: Management is a dynamic function and has to adapt itself to the changing environment. An organisation interacts with its external envi- ronment 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. You probably know that McDonalds, the fast food giant made major changes in its menu to be able to survive in the Indian market.

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