12th Class Business Studies Sample Paper Business Studies Sample Paper-4

  • question_answer
    Describe briefly multi-dimensional function of management.

    Answer:

    Management is multi-dimensional i.e. management is a complex activity. It has three dimensions which are discussed below: (i) Management of Work All organisations exist for the performance of some work. It translates the work into goals, e.g. A product is produced in factory and then it is transported to the store where customers purchase it and their needs are satisfied. (ii) Management of People Human resources are the greatest assets of an organisation. The task of management is to make people work towards achieving the organisational goals. (iii) Management of Operations This refers to a production process, which entails the flow of input material and technology for transforming input into the desired output for consumption. It is interlinked with both management of work and management of people.


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