CBSE Class 12 Business Studies 2016 Outside Delhi set 1

© examsnet.com
Question : 16
Total: 34
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.
© examsnet.com
Go to Question: