Explain the significance of management i | Class 12 Business Studies Chapter Nature and Significance of Management, Nature and Significance of Management NCERT Solutions

Question:

Explain the significance of management in achieving organizational goals.

Answer:

Management is critical in every organization because it:

  • Achieves Group Goals: Management coordinates the efforts of individuals towards achieving collective goals, ensuring success for the organization.
  • Increases Efficiency: By using resources optimally, management enhances efficiency and reduces wastage.
  • Creates a Dynamic Organization: In a constantly changing business environment, management ensures the organization adapts and remains competitive.
  • Develops Society: Management helps in the economic and social development of society by generating jobs, ensuring ethical practices, and producing goods and services that improve the quality of life.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Nature and Significance of Management.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 12 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Extra Questions, Question 2: Explain the significance of management in achieving organizational goals.....