Meaning, Characteristics, Objectives & Importance of Management

1 Mark Questions

1. What is meant by management of work? (All India 2014)

Ans. Every organisation exists to achieve certain goals. Management sets and plans certain activities, which are to be performed, so that the goals can be achieved. This is considered as management of work.

2. What is meant by management of people? (Delhi 2014)

Ans. Management of people is an art of getting things done through others. A manager deals with individuals who have different needs and behaviour. He directs and motivates them to work towards the organisational goals.

3. What is meant by management of operations? (Foreign 2014)

Ans. Every organisation provides some basic product or service, for the production of which there is a process of flow of input material and technology for transforming this input into output for consumption. Thus, management involves management of operations for converting input into output.

1. Identify the basic characteristic of management involved in the statement.

'The activities involved in managing an organisation are common to all organisations, whether economic, social or political'. (Compartment2014) or

The management principles can be applied to all types of activities. Which characteristic of management is highlighted by this statement?

(Hots; Delhi 2008)

Ans. Management is all pervasive.

5. What is meant by management? (Delhi 2011)

Ans. Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation.

6. What is meant by effectiveness in management?(Delhi 2011)

Ans. Effectiveness in management is concerned with doing the right task/completing activities/achieving goals within the prescribed time. In other words, it is concerned with end results.

1. List any two social objectives of management. (All India 2011,2010; Delhi 2010)

Ans. Two social objectives of management are as follows:

1. Using environment friendly methods of production.
2. Giving employment opportunities to the disadvantaged sections of the society.

1. Explain in one sentence how management increase i efficiency?

(Delhi 2011c; 2009c)

Ans. Management increases efficiency by reducing cost and increasing productivity through better planning, organising, directing, staffing and controlling the activities of the organisation.

9. Explain in one sentence how management helps in achieving group goals? (All India 2011)

Ans. Management helps in achieving the group goals by directing the individual efforts in achieving the overall goal of the organisation.

1. List any two organisational objectives of management. (All India 2010; Delhi 2010)

Ans. Two organisational objectives of management are as follows:

1. Survival (ii) Earning profit

1. List any two personal objectives of management.

(All India 2010; Delhi 2010) Ans. Personal objectives of management are as follows:

1. Competitive salaries and perks.
2. Personal growth and development of employees.

1. Hero Ltd.'s target is to produce 10,000 shirts per month at a cost of 150 per

shirt. The production manager could achieve this target at a cost of 160 per shirt. Do you think the production manager is effective? Give reason in support of your answer. (HOTS; All India 2010)

Ans. Yes, the manager is effective as he has been able to achieve the target by producing 10,000 shirts but he is not efficient as he is producing the same at a higher production cost.

1. Volvo Ltd.'s target is to produce 10,000 shirts per month at a cost of 100 per

shirt. The production manager achieved this target at a cost of 90 per shirt. Do you think the production manager is effective? Give one reason in support of your answer. (HOTS; Delhi 2010)

Ans. Yes, the production manager is both efficient and effective. He is effective because he has achieved the target in time and is efficient because he produced the shirts at a lower production cost.