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Mind Map: Principles of Management | Business Studies (BST) Class 12 - Commerce PDF Download
The document Mind Map: Principles of Management | Business Studies (BST) Class 12 - Commerce is a part of the Commerce Course Business Studies (BST) Class 12.
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FAQs on Mind Map: 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, leading, and controlling. Planning involves setting goals and making strategic decisions. Organizing involves arranging resources and tasks to achieve the goals. Leading involves guiding and motivating employees. Controlling involves monitoring performance and making necessary adjustments.
| 2. How does planning play a role in management in commerce? | |
Ans. Planning is a vital principle of management in commerce as it helps in setting objectives, determining actions to achieve those objectives, and allocating necessary resources. It provides a roadmap for the organization and allows for effective decision-making, resource allocation, and coordination of activities.
| 3. What is the significance of organizing in management in commerce? | |
Ans. Organizing is crucial in management in commerce as it involves arranging resources such as human capital, materials, and finances in a structured manner. It helps in optimizing efficiency and effectiveness by dividing tasks, establishing relationships, and creating a clear hierarchy. Organizing ensures that all resources are utilized effectively to achieve the organization's goals.
| 4. How does leading impact management in commerce? | |
Ans. Leading is a critical principle of management in commerce as it involves guiding and motivating employees towards accomplishing organizational objectives. Effective leadership fosters teamwork, inspires innovation, and promotes a positive work culture. It includes activities such as communication, decision-making, and providing guidance to individuals and teams.
| 5. Why is controlling important in management in commerce? | |
Ans. Controlling is essential in management in commerce as it ensures that plans are being executed effectively and goals are being achieved. It involves monitoring progress, measuring performance, and comparing actual results with planned objectives. Controlling allows for necessary adjustments to be made, identifies deviations from the plan, and helps in maintaining efficiency and effectiveness.
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Oct 25, 2024 Last updated |
Document Description: Mind Map: Principles of Management for Commerce 2024 is part of Business Studies (BST) Class 12 preparation.
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