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

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management1 Mark
Question
Two managers are conversing that management is broadly divided into two concepts; one is traditional and the other is modern. As per your opinion, are they correct or not?
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Answer

Yes, they are correct as management is viewed accordingly.Modern concept: Management is the process of getting things done with the aim of achieving goals efficiently and effectively.
Traditional concept: Management is an art of getting things done through others.

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