Chapter – I

Nature & Significance Of Management
(2+5 =7-marks)

Explain the term ”management” in brief?– 2 marks

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.....