Class 12 Business Studies - Chapter Nature and Significance of Management NCERT Solutions | Why is management considered to be a mul
Why is management considered to be a multi-dimensional concept?
Management is considered as a multi-dimensional content because management is a complex activity which has not only one but many dimensions. There we are three main dimensions of management.
a) Management of work: Any organisation exists for the performance of some work. Management translates this work in terms of goals and the way to achieve it.
b) Management of people: Human Resource is the asset of the organisation. And it is one of the important dimensions of management. This dimension is concerned with utilizing the skills and strength of the people and to work upon their weakness by providing them required training It deals with employees as an individual and as a team.
c) Management of operations: Every organisation has some basic product or service to provide for survival. And for this production process is required to get the desired output for consumption. And this dimension is interlinked with both management of work and management of people.
And that is why management is considered as a multi-dimensional concept.
More Questions From Class 12 Business Studies - Chapter Nature and Significance of Management
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Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
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Ashita and Lakshita are employees working in Dazzling enterprises dealing in costume jewellery. The firm secured an urgent order for 1,000 bracelets that were to be delivered within 4 days. They were assigned the responsibility of producing 500 bracelets each at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the stipulated time at the cost of Rs 55,000 whereas, Lakshita was able to produce only 450 units at a cost of Rs 90 per unit. State whether Ashita and Lakshita are efficient and effective. Give reasons to justify your answer.
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Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames production department for producing goods, which are not of good quality meeting customers’ expectations. The finance department blames both production and marketing for declining return on investment and bad marketing. State the quality of management that the company is lacking? What quality of management do you think the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?
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Management is considered to be both an art and science. Explain.
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