Bussiness Studies Personal
Bussiness Studies Personal
Bussiness Studies Personal
According to Harold Koontz & Heinz Weihrich, "Management & the process of designing &
maintaining environment in which individuals, working together in groups, efficiently accomplish
selected aims."
Characteristics of Management:
i) Management & goal oriented process:
Every organization is established to achieve certain goals. Management unifies the efforts of different
individuals in the organisation towards achieving the common goals an enterprise.
a) Management of work:
Every organisation is established for doing some work that can be completed satisfactorily. So
management is regarded as management of work.
b) Management of people:
Each organisation is established for doing some work & work is conducted by people. It is through
management of people that work is performed in a better ways. So management is regarded a management
of people.
c) Management of Operations:
To achieve objectives of an organisation, many operations such as production, sale, purchase, finance,
accounting, research & development are to be conducted & these operations need to be conducted
efficiently & effectively. So management is considered as management of operations.
Conclusion: These are the various characteristics of management which helps both the individuals & the
organisation to achieve the goals. It also helps in adapting the new technologies & changes in the
environment.
2. Define Coordination. Explain the characteristics of coordination.
According to McFarland, "Co-ordination is the process whereby an executive develops an
orderly pattern of group efforts among his subordinates & secure unity of action in the pursuit of
common purpose."
Characteristics of Coordination:
i) Co-ordination integrates group efforts:
Co-ordination applies to group efforts and not to individual efforts.
Conclusion: These are the various characteristics of coordination which helps both the individuals & the
organisation to achieve the goals. It is a continuous process which will be carried about from the beginning of
an organization up to the winding up of the organization. It is responsibility of all managers to co ordinate
various activities.
According to McFarland, “staffing is the process by which manager build on organisation through
the recruitment, selection and development of individual as capable employees”.
Staffing Process:
Conclusion: These are the various steps involved in staffing process. Staffing is both the function of
management like planning, directing as well as distinct functional area of management like marketing
management.
5.What is decentralisation? Explain its importance.
According to Louis Allen, "Decentralisation refers to systematic effort to delegate to the lowest level
all authority except which can be exercised at central point’s".
Importance of Decentralisation:
v) Facilitates growth:
Decentralisation provides greater freedom to lower levels as well as departments. This develops a sense of
competition among them where everyone tries to do better than other. This results in higher productivity,
growth & diversification.
Conclusion: Thus, decentralisation of authority means distribution of authority to take decision to lower
levels of organisation. An organisation is centralised when decision making authority is retained by higher
management levels where as it is decentralised when such authority is delegated.
6.Explain the Differences (or) Comparison b/w Advertising & Personal Selling (or) Salesmanship: