Division of Marks Units Marks 1 Nature and Significance of Management 16 2 Principles of Management 3 Business Environment 4 Planning 14 5 Organising 6 Staffing 20 7 Directing 8 Controlling 9 Financial Management 15 10 Financial Markets 11 Marketing Management 15 12 Consumer Protections Project Work 20 NATURE & SIGNIFICANCE OF MANAGEMENT Content Mapping:- Management-concept, objectives, and importance Concept includes meaning and features. Management as Science, Art and Profession. Levels of Management. Management functions-planning, organizing, Staffing, directing and controlling. Coordination- concept and importance. KEY CONCEPTS IN NUTSHELL 1. MEANING/CONCEPT OF MANAGEMENT: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. • Process: refers to the primary function like planning, organising, staffing, directing and controlling performed by the management to get things done. • Effectiveness: means completing the right task to achieve the deputed goal within the time frame. • Efficiency: means completion of task using minimum resources 2. DEFINITION OF MANAGEMENT: “Management is the process of working with and through others to effectively achieve the organisational objectives by efficiently using limited resources in the changing environment.” -Kreitner
Division of Marks Units Marks 1 Nature and Significance of Management 2 Principles of Management 3 Business Environment 16 4 Planning 5 Organising 14 6 Staffing 7 Directing 8 Controlling 20 9 Financial Management 10 Financial Markets 15 11 Marketing Management 12 Consumer Protections 15 Project Work 20 NATURE & SIGNIFICANCE OF MANAGEMENT Content Mapping:- Management-concept, objectives, and importance includes meaning and features. Management as Science, Art and Profession. Levels of Management. Management functions-planning, organizing, Staffing, directing and controlling. Coordination- concept and importance. KEY CONCEPTS IN NUTSHELL 1. MEANING/CONCEPT OF MANAGEMENT: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. • Process: refers to the primary function like planning, organising, staffing, directing and controlling performed by the management to get things done. • Effectiveness: means completing the right task to achieve the deputed goal within the time frame. • Efficiency: means completion of task using minimum resources 2. DEFINITION OF MANAGEMENT: “Management is the process of working with and through others to effectively achieve the organisational objectives by efficiently using limited resources in the changing environment.” -Kreitner Concept
215309608business_studies_xii.docx