Answer :

• Management is the process of getting a task done with the aim of achieving the goals of the organization in an effective and efficient manner.


• The different functions of management are planning, organizing, staffing, directing and controlling.


• The term effective means completing the given task and efficient means completing the task with minimum cost and time.


• In short, management is the process of planning, organizing, staffing, directing and controlling in such a manner that the goals of the organization are met with minimum cost and time.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Photoelectric Effect | World of PhotonsPhotoelectric Effect | World of PhotonsPhotoelectric Effect | World of Photons45 mins
Pedigree chartPedigree chartPedigree chart58 mins
Medelian disorder series: Thalassemia, Sickle cell anaemia & PhenylketonuriaMedelian disorder series: Thalassemia, Sickle cell anaemia & PhenylketonuriaMedelian disorder series: Thalassemia, Sickle cell anaemia & Phenylketonuria60 mins
Everything About Genetic DisordersEverything About Genetic DisordersEverything About Genetic Disorders55 mins
Formation and stability of carbocationFormation and stability of carbocationFormation and stability of carbocation58 mins
How to solve questions of pedigree chartHow to solve questions of pedigree chartHow to solve questions of pedigree chart49 mins
How to solve applied questions based on Mendel's law of inheritanceHow to solve applied questions based on Mendel's law of inheritanceHow to solve applied questions based on Mendel's law of inheritance46 mins
Interactive Quiz on Principles of Inheritance and VariationInteractive Quiz on Principles of Inheritance and VariationInteractive Quiz on Principles of Inheritance and Variation33 mins
Concept of bond angle and bond lengthConcept of bond angle and bond lengthConcept of bond angle and bond length59 mins
Interactive Quiz of Moving Charge and magnetismInteractive Quiz of Moving Charge and magnetismInteractive Quiz of Moving Charge and magnetism53 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

What is meant by management?

NCERT - Business Studies Part-I