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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management4 Marks
Question
Differentiate between ’management’ and ’administration’.
✓

Answer

Administration is a part of management.Alternate Answer
Administration comes first, and management follows it.
Alternate Answer
Any four of the differences given below:
Basis of difference
Administration
Management
Meaning/type of work
It is concerned with the formulation of plans, policies and objectives of an organisation.
It is concerned with the implementation of these plans and policies.
Nature of function Level of management
It is a thinking (decision making) function.
It is a doing function. It is more relevant at middle and lower levels.
Usage
Administration term is widely used in non business org. e.g. government department, public enterprises, military organisation, etc.
This term is used mainly in business org. like general manager, sales manager, production manager, etc.
Type of authority
Administration has strategic authority to take strategic and policy decisions.
Management has operational authority to execute administrative decisions.
Decision-making
It decides what is to be done and when is it to be done.
It decides who should do it and how has to do it.
Factors influencing decision-making
Administrative decisions are influenced by economic environment, social environment, government policy, etc.
Managerial decisions are influenced by organisational values, policies and beliefs of managers.
Stage of performance
Administration comes first as plans and policies are framed first.
Management follows administration as execution of plans and policies comes later.
Designation
Directors, Chairman, CEO etc.
GM, Sales Manager, Purchase Manager.

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