CASE STUDY: Characteristics of Management- NATURE AND SIGNIFICANCE OF MANAGEMENT скачать в хорошем качестве

CASE STUDY: Characteristics of Management- NATURE AND SIGNIFICANCE OF MANAGEMENT

This video is helpful for a student’s class XII-C.B.S.E (As a Sample Paper guidance, 2023 Board Examination, C.B.S.E 2023) to understand the Charastics of Management as syllabus for board examination 2023 Business Studies (054). Question: Josh Enterprises decides to have a meeting of all the key employees of different departments in the organisation. The main motive is to tell the employees to keep the target of 20% increase in sales as the main objective when they work throughout the year. The meeting is full of ideas regarding the employees and processes involved. Various plans are made to harness the potential of the employees and streamline the processes. However with the passage of a few days the external business environment checks the capability of the organisation to adapt to the situations. The company successfully comes out at the end of the year with flying colours. What are the various characteristics of management you can find highlighted here? Also identify the lines in which these characteristics have been highlighted. Answer: The various characteristics of management involved here are: 1. Goal Oriented. The main motive is to tell the employees to keep the target of 20% increase in sales as the main objective when they work throughout the year. 2. Multidimensional. Various plans are made to harness the potential of the employees and streamline the processes. Employees—People, and Streamline the process—Operations. 3. Dynamic. However with the passage of a few days the external business environment checks the capability of the organisation to adapt to the situations.