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Principles of Management (SAQs)

Commerce-2 | 9. Principles of Management – SAQs:
Welcome to SAQs in Chapter 9: Principles of Management. This page includes the most important FAQs from previous exams. Each answer is provided in simple English, followed by a Telugu explanation, and then presented in the exam format. This approach helps you prepare effectively and aim for top marks in your final exams.


SAQ-1 : Name any two important characteristics of management.

Introduction

Management plays a crucial role in the functioning and success of any organization or endeavor. It involves various activities and elements that work together to achieve specific goals. Among the many characteristics of management, two stand out as fundamental.

Two Key Characteristics of Management

  1. Management as an Economic Activity:
    • Management is embedded in every economic activity aimed at enhancing life quality.
    • It involves various elements including planning, policy formulation, objective setting, recruitment, fundraising, and dealing with materials, markets, methods, and machinery.
  2. Management Acts as a Group:
    • Management is not a one-person task; it involves a team or group working together.
    • It encompasses all levels of an organization, from the chief executive to top-level supervisors, who jointly carry out managerial functions.

Summary

Recognizing that management is an integral economic activity and a collective effort of a group of individuals is essential for effective and efficient organizational operations. These characteristics underscore the complexity and the collaborative nature of management, highlighting the need for coordinated efforts and strategic planning in achieving organizational objectives. Understanding these attributes is fundamental for anyone seeking to explore or enhance their management skills and knowledge.


SAQ-2 : Explain any five characteristics of management.

Introduction

Management is crucial for the effective and smooth operation of any organization. It includes a range of activities and responsibilities that help in achieving the goals of the organization. Here are five notable characteristics of management.

Characteristics of Management

  1. Economic Activity:
    • Management is fundamentally an economic activity.
    • It encompasses planning, policy creation, and usage of resources like men, money, materials, market, and machinery to improve living standards within society.
  2. Gets Things Done Through Others:
    • Management’s role is to ensure tasks are completed by delegating and overseeing the work of others.
    • It focuses on motivating and facilitating team members to accomplish organizational tasks.
  3. A Creative Activity:
    • Management is a creative endeavor aiming to achieve specific goals.
    • It involves purposeful and group activities, motivation, and decision-making.
  4. Coordinates Efforts:
    • It plays a key role in coordinating the work between different individuals or teams.
    • Ensures that everyone is working towards the same organizational goals.
  5. A Continuous Process:
    • Management is an ongoing process.
    • Managers consistently work on creating, directing, maintaining, and operating various organizational activities utilizing human resources.

Summary

In conclusion, management is characterized by its economic nature, its role in getting tasks done through others, its creative and continuous processes, and its responsibility in coordinating efforts within an organization. Understanding these characteristics is essential for efficient and effective management and organizational success. For optimal search engine reach, include key terms such as “Management Characteristics,” “Economic Activity,” “Continuous Process,” and “Coordination of Efforts.”