Grade 12 Exam > Grade 12 Videos > Business Studies for Grade 12 > Management: A Multidimensional Activity (Overview)
Management: A Multidimensional Activity (Overview) Video Lecture | Business Studies for Grade 12
FAQs on Management: A Multidimensional Activity (Overview) Video Lecture - Business Studies for Grade 12
| 1. What is management? |  |
Ans. Management refers to the process of planning, organizing, directing, and controlling resources (people, materials, and finances) to achieve organizational goals effectively and efficiently.
| 2. What are the dimensions of management? | |
Ans. The dimensions of management include planning, organizing, staffing, directing, and controlling. These dimensions are interrelated and interdependent, and effective management requires a balance of all of them.
| 3. What is the importance of multidimensionality in management? | |
Ans. Multidimensionality in management refers to the ability of managers to balance and integrate different aspects of management, such as planning, organizing, directing, staffing, and controlling. This multidimensionality is important because it enables managers to make informed decisions, solve complex problems, and achieve organizational goals in a dynamic and ever-changing environment.
| 4. How can managers improve their multidimensional skills? | |
Ans. Managers can improve their multidimensional skills by continuously learning, adapting, and evolving their management styles. This can involve attending training and development programs, seeking feedback from employees and colleagues, networking with other managers, and staying up-to-date with industry trends and best practices.
| 5. What are the benefits of effective management? | |
Ans. Effective management can lead to several benefits for an organization, including increased productivity, improved employee morale, better customer service, enhanced financial performance, and a competitive advantage in the marketplace. Effective management can also help organizations adapt to changing environments, identify and exploit new opportunities, and achieve long-term success.
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