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Nature & Significance of Management Video Lecture | Business Studies (BST) Class 12 - Commerce

FAQs on Nature & Significance of Management Video Lecture - Business Studies (BST) Class 12 - Commerce

1. What is the nature of management in commerce?

Ans. The nature of management in commerce is primarily about planning, organizing, leading, and controlling resources to achieve specific organizational goals. It involves coordinating human, financial, and material resources in a manner that maximizes efficiency and effectiveness. Management also encompasses strategic decision-making, problem-solving, and the facilitation of communication within the business environment.

2. Why is management considered significant in the field of commerce?

Ans. Management is significant in the field of commerce because it helps in achieving organizational objectives efficiently and effectively. It ensures that resources are used optimally, minimizes wastage, and enhances productivity. Furthermore, good management practices improve employee morale, foster innovation, and help businesses adapt to changing market conditions, ultimately leading to sustained growth and profitability.

3. What are the key functions of management in commerce?

Ans. The key functions of management in commerce include planning, organizing, leading, and controlling. Planning involves setting objectives and determining a course of action. Organizing requires arranging resources and tasks to achieve those objectives. Leading focuses on motivating and guiding employees, while controlling involves monitoring performance and making adjustments as needed to stay on track with goals.

4. How does management impact the success of a business in commerce?

Ans. Management impacts the success of a business in commerce by ensuring that all aspects of the organization work cohesively towards common goals. Effective management leads to better resource allocation, improved operational efficiency, and higher employee satisfaction. Additionally, strong leadership can inspire teams, foster a positive organizational culture, and drive innovation, which are all critical for staying competitive in the marketplace.

5. What are some challenges faced in management within the commerce sector?

Ans. Some challenges faced in management within the commerce sector include adapting to rapid technological changes, managing diverse teams, and navigating complex regulatory environments. Other challenges include addressing customer expectations, maintaining competitive advantage, and ensuring sustainability. Managers must be equipped with the skills and knowledge to respond to these challenges effectively to drive business success.

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Oct 14, 2025 Last updated

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Video Description: Nature & Significance of Management for Commerce 2025 is part of Business Studies (BST) Class 12 preparation. The notes and questions for Nature & Significance of Management have been prepared according to the Commerce exam syllabus. Information about Nature & Significance of Management covers all important topics for Commerce 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Nature & Significance of Management.

Introduction of Nature & Significance of Management in English is available as part of our Business Studies (BST) Class 12 for Commerce & Nature & Significance of Management in Hindi for Business Studies (BST) Class 12 course. Download more important topics related with notes, lectures and mock test series for Commerce Exam by signing up for free.

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	Business Studies (BST) Class 12 51 videos\|230 docs\|49 tests

Business Studies (BST) Class 12

51 videos|230 docs|49 tests

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