Question

State any four points that highlight the importance of management. OR State any four functions of ‘Operational Level Management’.

Accepted Answer

Importance of management are: (i) Management helps in achieving group goals by giving common direction to the individual effort in achieving the overall goal of the organisation. (ii) Management increases efficiency by reducing costs and increases productivity through better planning, organising, directing, staffing and controlling the activities of the organisation. (iii) Management creates a dynamic organisation by helping people adapt to changes taking place in environment, so that the organisation is able to maintain its competitive edge. (iv) Management helps in achieving personal objectives as manager motivates and leads his team in such a manner that individual members are able to achieve personal goals while contributing to the overall organisational objective. (v) Management helps in the development of the organisation and through that it helps in the development of society by providing good quality products and services, creates employment opportunities, etc. OR Q(b). State any four functions of ‘Operational Level Management’. Functions of Operational Level Management are: (i) Supervisors directly oversee the efforts of the workforce. (ii) They interact with the actual work force and pass on instructions of the middle management to the workers. (iii) Quality of output is maintained. (iv) Wastage of materials is minimized. (v) Safety standards are maintained.

State any four points that highlight the importance of
management.

Marking-scheme solution

More from Nature and Significance of Management

(a)OR(b)State any four points that highlight the importance ofmanagement.State any four functions of ‘Operational Level Management’.

Marking-scheme solution

More from Nature and Significance of Management

State any four points that highlight the importance of
management.