NATURE AND SIGNIFICANCE OF MANAGEMENT(Q & A)
Q1: Explain the meaning of management. What do you mean by managers?
Answer: Management is a process of getting things done with the aim of achieving desired common goals effectively and efficiently persons engaged in performing the functions of the management are known as managers. In other words, those managing the organisational resources for releasing its goals are known as managers.
Q2: ‘Management is a process’ Explain?
Answer: Management includes various steps such as planning, organising, staffing, directing and controlling. This process begins with those at the top of the organization and continues to varying degrees at almost every level of the organisation. These inter-related steps help to achieve organisational goals in an effective manner. That is why management is known as the process of employing and organising resources to accomplish predetermined objectives.