Skip to main content
Super TutorResources
Chapter 1 of 11
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Chapter Summary

Nature and Significance of Management

CBSE · Class 12 · Business Studies

Summary of Nature and Significance of Management for CBSE Class 12 Business Studies. Key concepts, important points, and chapter overview.

53 questions80 flashcards5 concepts

Interactive on Super Tutor

Studying Nature and Significance of Management? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for chapter summary and more.

Try Super Tutor — Free

1,000+ Class 12 students started this chapter today

A comparison chart illustrating the differences and relationship between effectiveness (doing the right tasks, achieving goals) and efficiency (doing tasks correctly with minimum cost) in management,
Super Tutor

This is just one of 10+ visuals inside Super Tutor's Nature and Significance of Management chapter

Explore the full set

Overview

Management is the process of getting work done through people in an organised way so that goals are achieved effectively and efficiently. It exists in all kinds of organisations, including business and non-business organisations. Management gives direction, uses resources properly, and coordinates t

Key Concepts

Management is a process of planning

Management is a process of planning, organising, staffing, directing and controlling organisational resources to achieve goals. It is concerned with g

Effectiveness means doing the right task

Effectiveness means doing the right task and achieving goals. Efficiency means doing the task correctly with minimum cost. Good management requires bo

Management is goal

Management is goal-oriented, all pervasive, multidimensional, continuous, a group activity, dynamic, and an intangible force. It works in every type o

Management has three types of objectives

Management has three types of objectives: organisational, social, and personal or individual. Organisational objectives include survival, profit, and

Management of work means setting goals

Management of work means setting goals and deciding how work will be done. Management of people means dealing with employees as individuals and as a g

Learning Objectives

  • Describe the characteristics of management and its importance in an organisation.
  • Explain the nature of management as an art, science and profession.
  • Explain the functions of management.
  • Appreciate the nature and importance of coordination.

Frequently Asked Questions

What are the important topics in Nature and Significance of Management for CBSE Class 12 Business Studies?
Key topics in Nature and Significance of Management include Effectiveness vs Efficiency — The Critical Difference, Nature and Significance of Management: Complete Concept Map, Chapter Overview: Nature and Significance of Management. These are the concepts CBSE Class 12 examiners draw on most — study them first, then practise related questions.
How to score full marks in Nature and Significance of Management — CBSE Class 12 Business Studies?
Understand the core concepts first, then work through the 53 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Nature and Significance of Management

All 11 chapters — CBSE Class 12 Business Studies Chapter Summary

For serious students

Get the full Nature and Significance of Management chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for CBSE Class 12 Business Studies.

Try Super Tutor Free
Try the full chapter — Free