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Business Studies · 2026 · 3 marks
CBSE 2026 · Region 2 · Set 3 · Q21
State any three points of importance of Management.State any three objectives of Management.
State any three points of importance of Management.
State any three objectives of Management.
Marking-scheme solution
Importance of Management:
(i)
It helps in achieving group goals by giving a common direction to individual
effort.
(ii)
It increases efficiency by reducing costs and increasing productivity through
better planning, organising, directing, staffing and controlling the activities of the
organisation.
(iii)
It creates a dynamic organisation by making the organisation adapt itself to the
changing environment so that the organisation is able to maintain its competitive
edge.
(iv)
It helps in achieving personal objectives by motivating and leading in such a
way that both personal goals and organisational objectives are accomplished.
(v)
It helps in the development of society by providing good quality products and
services, creating employment opportunities and adopting new technology etc. and
leads the path towards growth and development.
State any three objectives of Management
Objectives of Management:
(i)
Organisational objectives aim at utilising human and material resources to the
maximum possible advantage to fulfill the economic objectives of a business which
include Survival, Profit and Growth.
(ii)
Social objectives refer to consistently creating economic value for various
constituents of society which include using environmental friendly methods of
production, giving employment opportunities to the underprivileged sections of
society and providing basic amenities like schools and healthcare etc.
(iii)
Personal/ Personnel objectives aim to reconcile personal goals with
organizational objectives for harmony in the organisation as people working in the
organisations have diverse needs like financial needs, social needs and higher level
needs.
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CBSE Class 12 Business Studies past-paper question from the 2026board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.