Class 12 Business Studies - Chapter Nature and Significance of Management NCERT Solutions | Management is considered to be both an a
Management is considered to be both an art and science. Explain.
Management is considered to be both an art and a science because it fulfills the criteria of both an art as well as a science.
Following are the features of management as an art and as a science:
Management as an Art: Management fulfills the following criteria for it to be called as an art.
-
Existence of Theoretical knowledge: All art forms presupposes the existence of certain the practical knowledge. Similarly, in management also there is a lot of literature available in various areas of management.
-
Personalised application: Art is concerned with personal application of knowledge. And the use of basic knowledge will vary from individual to individual. For example, two singers, two dancers or two actors will always differ in demonstrating their art. Similarly, A manager applies the scientific method and body of knowledge to a given situation or a problem in his own unique manner. A good manager works with a combination of practice, creativity, imagination initiative and innovation.
-
Based on Practice and Creativity: All art involves the creative practice of theoretical knowledge. For example music, we all know that there are seven notes in a musician but the musician uses these notes with his own creativity to make the music different. Similarly in management a manager applies his knowledge as per his own creativity and sometimes gives his own theories for use in a particular situation.
Management as a Science: Management fulfills the following criteria for it to be called science.
-
Systematised body of knowledge: Science is a systematic body of knowledge. The principles of science are based on a course and effect relationship. Similarly in management it is also a systematised body of knowledge, and it has its own theory and principles that developed over a period of time. Communication management has its own vocabulary.
-
Principles based on Experimentation: The scientific principles are first developed through observation and then tested by experiments. Similarly the principle of management evolved over a period of time on the bases of observation and experiments. The management deals with human beings and human behaviour therefore the outcomes of the experiments are not accurate. That's why management can be called an inexact science. Despite this the management scholars have been able to identify the general principles of management
-
Universal validity: Scientific principles have universal validity and application. Similarly in management the principles are also valid but their application and use is not universal. Because the principles of management are not as exact as the principles of science. However, they have to be modified according to the situation. These principles are used for training and development of managers.
More Questions From Class 12 Business Studies - Chapter Nature and Significance of Management
- Q:-
Why is management considered to be a multi-dimensional concept?
- Q:-
Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
- Q:-
Management is a series of continuous interrelated functions. Comment.
- Q:-
List any two indicators of growth of an organisation.
- Q:-
Ashita and Lakshita are employees working in Dazzling enterprises dealing in costume jewellery. The firm secured an urgent order for 1,000 bracelets that were to be delivered within 4 days. They were assigned the responsibility of producing 500 bracelets each at a cost of Rs 100 per bracelet. Ashita was able to produce the required number within the stipulated time at the cost of Rs 55,000 whereas, Lakshita was able to produce only 450 units at a cost of Rs 90 per unit. State whether Ashita and Lakshita are efficient and effective. Give reasons to justify your answer.
- Q:-
Coordination is the essence of management. Do you agree? Give reasons.
- Q:-
Company X is facing a lot of problems these days. It manufactures white goods like washing machines, microwave ovens, refrigerators and air conditioners. The company’s margins are under pressure and the profits and market share are declining. The production department blames marketing for not meeting sales targets and marketing blames production department for producing goods, which are not of good quality meeting customers’ expectations. The finance department blames both production and marketing for declining return on investment and bad marketing. State the quality of management that the company is lacking? What quality of management do you think the company is lacking? Explain briefly. What steps should the company management take to bring the company back on track?
- Q:-
A company wants to modify its existing product in the market due to decreasing sales. You can imagine any product about which you are familiar. What decisions/steps should each level of management take to give effect to this decision?
- Q:-
Ritu is the manager of the northern division of a large corporate house. At what level does she work in the organisation? What are her basic functions?
- Q:-
A firm plans in advance and has a sound organisation structure with efficient supervisory staff and control system but on several occasion it finds that plans are not being adhered to. It leads to confusion and duplication of work. Advise remedy.
Popular Questions of Class 12 Business Studies
- Q:-
How does planning provide direction?
- Q:-
What is meant by staffing?
- Q:-
Identify the network of social relationships which arises spontaneously due to interaction at work.
- Q:-
What is informal communication?
- Q:-
State the meaning of controlling.
- Q:-
What is meant by capital structure?v
- Q:-
What is a Treasury Bill?
- Q:-
State any two advantages of branding to marketers of goods and services?
- Q:-
What makes principles of management flexible?
- Q:-
Under which consumer right does a business firm set up consumer grievance cell?
Recently Viewed Questions of Class 12 Business Studies
- Q:-
Explain the concept of formal and informal organization with their significance.
- Q:-
The production manager asked the foreman to achieve a target production of 200 units per day, but he doesn’t give him the authority to requisition tools and materials from the stores department. Can the production manager blame the foreman if he is not able to achieve the desired target? Give reasons.
- Q:-
What is Consumer Protection?
- Q:-
What does the term ‘Span of management’ refer to?
- Q:-
Mrs. Mathur sent a jacket to a laundry shop in January 2018. The jacket was purchased at a price of ₹4,500. She had previously sent the jacket for dry cleaning with Shine Dry Cleaners and the jacket was cleaned well. However, she noticed that her jacket had white discoloration marks when she collected the jacket this time. On informing the dry cleaner, Mrs. Mathur received a letter confirming that discolouration indeed appeared after the jacket was dry cleaned. She contacted the dry cleaner multiple times and requested for compensation for discoloured jacket but to no avail.
Upon Consumer court’s intervention, Shine Dry Cleaners agreed to compensate ₹2,500 to Mrs. Mathur for the discoloured jacket.
a. Which right was exercised by Mrs. Mathur at the first instance.
b. Name and explain the right which helped Mrs. Mathur to avail the compensation.
c. State which consumer responsibility has been fulfilled by Mrs. Mathur in the above case.
d. State any other two responsibilities to be assumed by the consumers. - Q:-
An auto company C Ltd. is facing a problem of declining market share due to increased competition from other new and existing players in the market. Its competitors are introducing lower priced models for mass consumers who are price sensitive. C Ltd. realized that it needs to take steps immediately to improve its market standing in the future. For quality conscious consumers, C Limited plans to introduce new models with added features and new technological advancements. The company has formed a team with representatives from all the levels of management. This team will brainstorm and will determine the steps that will be adopted by the organisation for implementing the above strategy. Explain the features of Planning highlighted in the situation given below. (Hint: Planning is pervasive, Planning is futuristic and Planning is a mental exercise).
- Q:-
What are the main objectives of financial management? Briefly explain.
- Q:-
Amrit is running a ‘transport service’ and earning good returns by providing this service to industries. Giving reason, state whether the working capital requirement of the firm will be ‘less’ or ‘more’.
- Q:-
Explain how planning provides direction and reduces the risk of uncertainty in an organization.
- Q:-
“A capital budgeting decision is capable of changing the financial fortunes of a business.” Do you agree? Give reasons for your answer?
- All Chapters Of Class 12 Business Studies
- All Subjects Of Class 12