Management is primarily aimed at achieving ___ and ___ through effective and efficient processes.

Organizational goals and objectives

True or False: Efficiency and effectiveness in management are unrelated concepts.

False: Efficiency and effectiveness are interrelated concepts.

Fill in the blank: Management is a dynamic function that must adapt to the ___, ___, and ___ of the changing environment.

Need, time, and situation

What are the three main multidimensional activities involved in management?

Management of work, management of people, and management of operations

Riddle: I am a continuous process and a goal-oriented activity but cannot be seen or touched. What am I?

Management

Fill in the blank: Management is considered ___ because it is applicable to all types of organizations regardless of size, nature, or location.

All pervasive

Short Answer: Why is management considered a group activity?

Because it involves a collection of individuals contributing towards achieving the organization's goals.

Fill in the blank: The process of management continues until an organization exists to attain its ___ and ___ objectives.

Specified and desired

True or False: Management can be done independently of any organizational structure.

False: Management is inherently linked to the structure and goals of an organization.

What are the three main classifications of management objectives?

Organisational, social, and personal objectives.

Fill in the blank: One of the organisational objectives is to ensure the ___ of the company in a competitive market.

Survival

True or False: Profit is considered a non-essential objective for an organisation.

False, because profit provides a vital incentive for continued operations.

Which company is known for its social objectives, such as using environmentally friendly practices?

TISCO, ITC, and Asian Paints are examples of companies with social objectives.

Riddle: I am a type of objective that seeks to benefit society while supporting a business. What am I?

Social objective.

What challenge do personal objectives present within an organisation?

Diverse personal objectives of individuals must be reconciled with the organisational objectives.

What role does management play in achieving group goals?

Management creates teamwork and coordination, providing a common direction for individual efforts to align with the overall goals of the organization.

Management increases efficiency by ___ and ___.

Using resources in the best possible manner to reduce costs and increase productivity.

True or False: Management hinders the development of society by limiting job opportunities.

False. Management helps in the development of society by creating employment opportunities and producing good quality products.

What is one way management helps employees adapt to change?

Management helps employees overcome their resistance to change, enabling them to adapt to new situations for the organization's survival and growth.

Fill in the blank: Management helps individuals achieve their personal objectives while working towards ___ objectives.

Organizational

Riddle: I create teamwork and make goals achievable, yet I am not a person. What am I?

Management

How does management contribute to the dynamic nature of an organization?

Management fosters a culture that helps employees adapt to changing circumstances, ensuring the organization can survive and thrive.