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CBSE Class 12 Business Studies 2016 Outside Delhi set 1
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Question : 16 of 34
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What is meant by 'Management'? Explain its any three features that establish it as an Art.
Solution:
Management is a process of getting things done through other with the aim of achieving goals effectively and efficiently. Three features that establish management as an Art are: (i) Application of theoretical knowledge: Like art, management involves the application of theoretical knowledge, principles and theories developed by various management theorist. (ii) Involve creativity and practice: A manager has his own creativity in applying management techniques, principles and theories to achieve organisational goals. (iii) Personalised application: Like art, management is also personalised as every manager has its different working style to solve different problems coming in achieving organisational goal.
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