Ans: Management may be defined as” the process of achieving organizational goals by engaging the Five primary functions i.e., planning, organizing, staffing, leading, and controlling”. Ans: The characteristics of management include: Ans: Some features of the profession are generally found in management. But management cannot be called an outright profession. The characteristics of a profession…
Month: April 2023
You are given the names of the Management Theories on the left side and the names of the management philosophers who propounded the theories but in a random manner. You are required to match the left side to that of the right side.
Name of the management Theory Name of the management philosopher Scientific Theory of Management Elton Mayo Administrative Theory Management Abraham Maslow Bureaucratic Theory of Management Frederick Herzberg Theory of Human Relations Approach to Management Douglas McGregor Theory of Hierarchy of Needs Henri Fayol Two-Factor Theory of Motivation Max Weber Theory X and Theory Y Frederick…
What are the Functions of Management?
The function of Management may be described below: The first function of management is planning. The planning works out in broad outlines of the things that need to be done and the methods of doing them in an orderly manner. Planning for an objective is like the sketch of a building. Just as a building…
What is Scientific Management?
A traditional management strategy known as scientific management places a focus on the scientific analysis of work processes in order to increase job productivity. F.W. TAYLOR, FRANK GILBERT, LILIAV GILBERTH, and HENRY GANTT, were the earliest advocates of scientific management. Fedrick Winslow Taylor “The father of scientific management” is how Taylor is referred to. He…
What are the Objects of Management.
In our modern society, management occupies a very important role in the business world irrespective of the type or size of the business. The development, prosperity, or growth of a business undertaking is fully dependent on an efficient management system to achieve the desired result. The management coordinates different factors, leading to an increase in…
What is the basic concept of Management?
Basic Concept of Management: Management is a functional concept and can be defined as “It is an effort for getting things done to achieve the predetermined goals of the concern through coordination of human and other elements. But as its scope is so wide it is not an easy task to define management. It is…
Write short note on Consumer Behaviour.
Consumer behavior is described as follows: “The decision-making and physical activity involved in evaluating, acquiring, using, and disposing of goods and services:” This definition brings up two crucial difficulties. a) Who or what constitutes consumers? b) What kind of decision-making procedure do they use? These questions’ responses give a broad overview of consumer behavior. A “customer”…
Write short note on the Sales Promotions.
Definition (Given by American Marketing Association) “Sales promotion, in a specific sense, “includes those sales activities that supplement both personal selling and advertising, coordinate them, and help to make them effective, such as displays, shows and expositions, demonstrations, and other non-recurrent selling efforts not in the ordinary routine.” Comprehensively Sales Promotion is defined as “In…
Describe the importance of advertisement to Marketing Divisions. What is a Sales Promotion?
1st Part: Importance of Advertising The various functions of advertising can thus be listed below: Stimulates Demand: By informing consumers about the availability of a product in the market, advertising stimulates latent needs and reinforces the around needs. Everyone agrees that advertising influences overall consumption to some extent. Strengthens other components of the promotion mix:…
‘Sales and Production must cooperate’ – how can these functions assist each other?
Delivering the greatest products and services to customers requires collaboration between sales and production, and there shouldn’t be any communication gaps between the divisions’ internal clients. Both should share true information to get satisfied clients. The manufacturing process is a cycle; production is the outcome of what sales intended, and without production advice, sales could…