Management - Meaning Nature and Importance | ISC Class 12 |

Management - Meaning Nature and Importance | ISC Class 12 | ‪@star_commerce‬

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LATEST SYLLABUS 2024:-
Management
(i) Management: Meaning, objectives and characteristics of management. Meaning of Management: as an activity; as a group; as a discipline; as a process.
Objectives and characteristics of management.
(ii) Nature of Management – Science, Art and Profession.
Self explanatory.
(iii)Importance of Management. Levels of management- Meaning and functions. Self explanatory.
(iv) Principles of Management: nature of principles; need for principles.
Nature of principles of Management; need for principles of management; Taylor’s 5 scientific principles of Management; Fayol’s 14 principles of Management; Comparison of Taylor's and Fayol’s principles.
(v) Functions of Management: Planning; Organising; Staffing; Directing; Controlling and Coordinating.