Unit-1: Management: Nature and Concept Flashcards
Q: What is the primary focus of management?
A: The primary focus of management is to get things done through the efforts of people and to optimize scarce resources to achieve organizational goals.
Q: What are the key functions of management?
A: The key functions of management include planning, organizing, staffing, directing, coordinating, and controlling.
Q: How does management relate to organizational goals?
Management helps in value addition and achieving the goals and objectives of the organization
Q: What is the significance of studying management?
Studying management is important for understanding organizational structures and systems, as well as for improving efficiency and effectiveness
Q: What does the term “management” encompass?
A: Management encompasses the nature, concept, scope, and significance of organizing, administration, and the various schools of thought in management.
Q: Who are some key contributors to management theory?
A: Key contributors include F.W. Taylor, Henry Fayol, and Elton Mayo
Q: What is the classical approach to management?
The classical approach to management focuses on efficiency and productivity, and it is still relevant in many manufacturing organizations today
Q: What is the role of communication in management?
A: Good communication is essential for effective management, as it facilitates coordination and understanding among team members
Q: How does management function as both a science and an art?
A: Management is considered both a science and an art because it involves systematic knowledge and principles, as well as creativity and interpersonal skills
Q: What is the importance of critical thinking in management?
A: Critical thinking is important in management for examining statements and practices critically, which leads to better decision-making
Q: What is the impact of social attitudes on productivity?
Social attitudes and relationships within work groups significantly influence productivity, as demonstrated in studies at the Hawthorne plant
Q: What is the purpose of time and motion studies in management?
Time and motion studies aim to eliminate wasteful movements and simplify jobs, thereby increasing efficiency and productivity
Q: How can management principles vary?
A: Management principles are not universal; they can vary based on the context and specific organizational needs
Q: What is the relationship between management and human behavior?
Management involves understanding and influencing human behavior to achieve organizational goals
Q: What is the significance of the question “Why do people work together and how?” in management?
A: This question addresses the fundamental principles of management and the dynamics of teamwork
Q: What is the role of management in optimizing resources?
A: Management optimizes the utilization of constraining resources to enhance productivity and achieve goals
Q: What is the significance of examining management practices in various industries?
A: Examining management practices in different industries helps identify specific approaches and schools of thought applicable to those sectors
Q: What is the essence of management as a discipline?
A: Management is a universal discipline that requires a systematic approach to effectively coordinate and lead organizational efforts
Q: What are Henri Fayol’s 14 principles of management?
A:
1. Division of Work
2. Authority
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Collective Interest Over Individual Interest
7. Remuneration
8. Centralization
9. Scalar Chain
10. Order
11. Equity
12. Stability of Tenure of Personnel
13. Initiative
14. Esprit de Corps
