Commerce Exam > Commerce Videos > Business Studies (BST) Class 12 > Features and Objectives of Management
Features and Objectives of Management Video Lecture | Business Studies (BST) Class 12 - Commerce
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FAQs on Features and Objectives of Management Video Lecture - Business Studies (BST) Class 12 - Commerce
| 1. What are the main features of management in commerce? |  |
Ans. The main features of management in commerce include planning, organizing, staffing, directing, and controlling. Planning involves setting objectives and determining the best course of action to achieve them. Organizing involves arranging resources and tasks to achieve the objectives. Staffing involves selecting and hiring the right employees for the organization. Directing involves guiding and motivating employees towards achieving the objectives. Controlling involves monitoring the progress and taking corrective actions when necessary.
| 2. What are the objectives of management in commerce? | |
Ans. The objectives of management in commerce are to achieve organizational goals, maximize efficiency and effectiveness, ensure profitability, promote employee satisfaction and growth, and maintain good relationships with stakeholders. By setting clear objectives, management can guide the organization towards success. Efficiency and effectiveness are important to utilize resources optimally and achieve desired outcomes. Profitability ensures the financial sustainability of the organization. Employee satisfaction and growth contribute to a positive work environment and high productivity. Maintaining good relationships with stakeholders helps in building trust and gaining support.
| 3. How does planning contribute to effective management in commerce? | |
Ans. Planning contributes to effective management in commerce by providing a roadmap for achieving organizational goals. It involves setting objectives, identifying the actions needed to achieve them, and allocating resources accordingly. Through planning, management can anticipate potential challenges and devise strategies to overcome them. It also helps in coordinating different activities and ensuring that all efforts are aligned towards the desired outcomes. Effective planning enables organizations to make informed decisions, prioritize tasks, and utilize resources efficiently, ultimately leading to success.
| 4. Why is controlling important in management commerce? | |
Ans. Controlling is important in management commerce as it helps in monitoring the progress towards achieving goals and taking corrective actions when necessary. It involves comparing actual performance with planned performance, identifying deviations, and implementing measures to ensure that the organization stays on track. Controlling helps in identifying and rectifying any inefficiencies or problems that may arise. It also provides feedback to management, enabling them to make informed decisions and improve future performance. Overall, controlling ensures that the organization operates effectively and achieves its desired outcomes.
| 5. How does staffing contribute to the success of management in commerce? | |
Ans. Staffing plays a crucial role in the success of management in commerce. It involves selecting and hiring the right employees for the organization. By recruiting individuals with the necessary skills, qualifications, and experience, management ensures that the organization has a competent workforce. Staffing also involves training and development, which helps in enhancing the capabilities of employees. When employees are well-suited for their roles and provided with the necessary support, they are more likely to perform effectively and contribute to the overall success of the organization.
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Sep 17, 2024 Last updated |
Video Description: Features and Objectives of Management for Commerce 2024 is part of Business Studies (BST) Class 12 preparation.
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53 videos|205 docs|49 tests
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