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SYNOPSIS
? Definition
? Management function (or) Process of 
Management
? Managerial Skills
? Order of Management
? Efficiency & Effectiveness
? General Principles of Management
? Management as an Essential for any 
Organization?
? Run time Example for the Management
Page 3


SYNOPSIS
? Definition
? Management function (or) Process of 
Management
? Managerial Skills
? Order of Management
? Efficiency & Effectiveness
? General Principles of Management
? Management as an Essential for any 
Organization?
? Run time Example for the Management
? “Management is the process of designing and         
maintaining an environment in which individuals  working 
together in groups, efficiently accomplish selected item”
? “Management is the process of getting things done, through & 
with people in organization”
Page 4


SYNOPSIS
? Definition
? Management function (or) Process of 
Management
? Managerial Skills
? Order of Management
? Efficiency & Effectiveness
? General Principles of Management
? Management as an Essential for any 
Organization?
? Run time Example for the Management
? “Management is the process of designing and         
maintaining an environment in which individuals  working 
together in groups, efficiently accomplish selected item”
? “Management is the process of getting things done, through & 
with people in organization”
MANAGEMENT FUNCTIONS (OR) PROCESS OF
MANAGEMENT:
There are five types of functions in management. They 
are,
? Planning-Defines the goal & establishing strategy.  
? Organizing-ncludes determining what task has to be 
done, who is to do them.
? Staffing-Includes recruitment of people and training 
them towards the project.
? Leading-Includes the motivating the employees and 
directing the activities.
? Controlling-It is the process of monitoring the 
performance.
Page 5


SYNOPSIS
? Definition
? Management function (or) Process of 
Management
? Managerial Skills
? Order of Management
? Efficiency & Effectiveness
? General Principles of Management
? Management as an Essential for any 
Organization?
? Run time Example for the Management
? “Management is the process of designing and         
maintaining an environment in which individuals  working 
together in groups, efficiently accomplish selected item”
? “Management is the process of getting things done, through & 
with people in organization”
MANAGEMENT FUNCTIONS (OR) PROCESS OF
MANAGEMENT:
There are five types of functions in management. They 
are,
? Planning-Defines the goal & establishing strategy.  
? Organizing-ncludes determining what task has to be 
done, who is to do them.
? Staffing-Includes recruitment of people and training 
them towards the project.
? Leading-Includes the motivating the employees and 
directing the activities.
? Controlling-It is the process of monitoring the 
performance.
Managerial Skills
There are three types of skills required by a 
manager. They are:
?Conceptual Skills-These skills are required 
by the employee who are in top level 
management. 
?Technical skills- These skills are required by 
the employee who are in middle level 
Management. 
?Human Relations Skills-These skills are 
required by the employee in the supervisory 
level.
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FAQs on PPT - Principles of Management - Business Studies (BST) Class 12 - Commerce

1. What are the key principles of management in commerce?
Ans. The key principles of management in commerce include planning, organizing, staffing, directing, and controlling. Planning involves setting goals and determining the best course of action to achieve those goals. Organizing involves arranging resources and tasks to achieve the goals. Staffing is about recruiting, selecting, and training employees. Directing involves leading and motivating employees towards goal attainment. Controlling involves monitoring and evaluating progress to ensure that goals are being met.
2. How does planning contribute to effective management in commerce?
Ans. Planning is an essential principle of management in commerce as it provides a roadmap for achieving organizational goals. It helps managers identify what needs to be done, how it will be done, and who will be responsible for each task. Through effective planning, managers can anticipate potential challenges and develop strategies to overcome them. It also helps in resource allocation, ensuring that the right resources are available at the right time. Overall, planning contributes to effective management by providing a clear direction and increasing the chances of success.
3. What is the role of controlling in management in commerce?
Ans. Controlling is a crucial aspect of management in commerce as it involves monitoring and evaluating progress towards achieving goals. It ensures that activities are performed as planned and deviations are addressed promptly. Controlling helps managers identify any performance gaps and take corrective actions to ensure that organizational objectives are met. It involves setting performance standards, measuring actual performance, comparing the two, and taking necessary corrective actions. Through controlling, managers can maintain efficiency, effectiveness, and accountability within the organization.
4. How does organizing contribute to effective management in commerce?
Ans. Organizing plays a vital role in effective management in commerce. It involves arranging resources, tasks, and activities to achieve organizational goals. By organizing, managers create a structure that allows for efficient workflow and coordination. It ensures that resources, such as human capital, finances, and equipment, are allocated effectively to support the achievement of goals. Organizing also helps in clarifying roles and responsibilities, reducing duplication of efforts, and promoting effective communication. Overall, organizing contributes to effective management by optimizing resource utilization and facilitating smooth operations.
5. Why is staffing important in management in commerce?
Ans. Staffing is crucial in management in commerce as it involves recruiting, selecting, and training employees to perform tasks and contribute to organizational success. It ensures that the right people are in the right positions, with the necessary skills and qualifications. Staffing helps in building a competent and motivated workforce, which is essential for achieving organizational goals. It also involves providing opportunities for employee development, performance evaluation, and career progression. Effective staffing practices lead to improved productivity, employee satisfaction, and overall organizational performance.
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