NATURE AND SIGNIFICANCE OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMNATURE AND SIGNIFICANCE OF MANAGEMENT3 Marks
Question
Management is a process and not just an activity. Explain.
✓
Answer
An organization sets objectives.
Efficient management leads to accomplishment of business objectives.
Now, management involves undertaking various management processes. Several functions are done continuously under these processes to achieve the ultimate business objectives.
A series of functions which are continuously performed for the accomplishment of pre-determined objectives of business are known as processes.
To achieve the business goal, various business activities are arranged in chronological and orderly manner.
Hence, we can say that management is not just an activity but a process.
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