Identify the nature of management when it is said to be systematised body of knowledge that explain certain general truths.
Like science, management has a systematised body of knowledge which has its own theory and principles that have developed over a period of time. Since it is drawn from repeated experimentation and observation in different types of organisations, it explains some general truth.
At which level of management are the managers responsible for the welfare and survival of the organisation?
Your grandfather has retired as the Director of a manufacturing company. At which level of Management was he working? Different type of functions are performed at this level. State anyone function.
Describe any five reasons which clarify that management is gaining importance day-by-day.
What is ‘coordination’? How it ‘integrates group efforts’ and ‘ensures unity of action’?
