CBSE Class 12 Business Studies Nature and Significance Of Management

Read and download CBSE Class 12 Business Studies Nature and Significance Of Management in NCERT book for Class 12 Business Studies. You can download latest NCERT eBooks chapter wise in PDF format free from Studiestoday.com. This Business Studies textbook for Class 12 is designed by NCERT and is very useful for students. Please also refer to the NCERT solutions for Class 12 Business Studies to understand the answers of the exercise questions given at the end of this chapter

NCERT Book for Class 12 Business Studies Chapter 1 Nature and Significance of Management

Class 12 Business Studies students should refer to the following NCERT Book Chapter 1 Nature and Significance of Management in Class 12. This NCERT Book for Class 12 Business Studies will be very useful for exams and help you to score good marks

Chapter 1 Nature and Significance of Management NCERT Book Class 12

 

Chapter – I

Nature & Significance Of Management

Explain the term ”management” in brief?– 

  • Management is coordinating all the resources of an organization through the process of controlling, organising, motivating and planning (COMP) in order to achieve its goals. This process starts at the top and continues in more or less degree at every level of the organization.

State any two characteristic features of management?

Distinct activity:

  • Management is a distinct activity, which consists of communicating, organizing, motivating, planning, leading, staffing, controlling, decision making, etc.
  • It can be studied, experimented and practiced.

Intangible: Management is intangible i.e. it cannot be seen but it can be felt through the performance of the workers. Mismanagement if any is quickly noticed and is a sign of poor management. While efficient management reflects the efforts of the workers.

Explain briefly any two OBJECTIVES OF MANAGEMENT – 

Organizational objectives:

  • The primary organizational objective of the management of any business should be to attain maximum output with minimum resources and least wastage.
  • This generates high profits, reduces costs and maximizes prosperity.

Individual objectives:

  • Each employee that joins an organization wants to satisfy his individual objectives, which means he would like to have good salary, develop his personality, get peer and social recognition. If his individual objectives are not satisfied, he will lose interest in his work and performance of organizational objectives may suffer.
  • Hence while formulating corporate objectives, management should also consider individual objectives

Briefly explainMANAGEMENT AS A PROCESS. – 2 marks Marking scheme

  • Management is regarded as a process because it consists of - 

           Setting up objectives for an enterprise; and

           Taking a series of steps such as planning, coordinating, directing,

           organizing and staffing (PC-DOS) to ensure that these objectives are achieved.

  • This process starts at the top and continues in more or less degree at every level of the organization.


Please refer to attached file for CBSE Class 12 Business Studies Nature & Significance Of Managements

Chapter 13 Entrepreneurship Development
NCERT Class 12 Business Studies Entrepreneurship Development

NCERT Book Class 12 Business Studies Chapter 1 Nature and Significance of Management

The above NCERT Books for Class 12 Business Studies Chapter 1 Nature and Significance of Management have been published by NCERT for latest academic session. The textbook by NCERT for Chapter 1 Nature and Significance of Management Business Studies Class 12 is being used by various schools and almost all education boards in India. Teachers have always recommended students to refer to Chapter 1 Nature and Significance of Management NCERT etextbooks as the exams for Class 12 Business Studies are always asked as per the syllabus defined in these ebooks. These Class 12 Chapter 1 Nature and Significance of Management book for Business Studies also includes collection of question. Along with Business Studies Class 12 NCERT Book in Pdf for Chapter 1 Nature and Significance of Management we have provided all NCERT Books in English Medium for Class 12 which will be really helpful for students who have opted for english language as a medium. Class 12 students will need their books in English so we have provided them here for all subjects in Class 12.

Where can I download latest NCERT Book for Class 12 Business Studies Chapter 1 Nature and Significance of Management

You can download the NCERT Book for Class 12 Business Studies Chapter 1 Nature and Significance of Management for latest session from StudiesToday.com

Can I download the NCERT Books of Class 12 Business Studies Chapter 1 Nature and Significance of Management in Pdf

Yes, you can click on the link above and download chapter wise NCERT Books in PDFs for Class 12 for Business Studies Chapter 1 Nature and Significance of Management

Are the Class 12 Business Studies Chapter 1 Nature and Significance of Management NCERT Book available for the latest session

Yes, the NCERT Book issued for Class 12 Business Studies Chapter 1 Nature and Significance of Management have been made available here for latest academic session

How can I download the Class 12 Business Studies Chapter 1 Nature and Significance of Management NCERT Book

You can easily access the link above and download the Class 12 NCERT Books Business Studies Chapter 1 Nature and Significance of Management for each chapter