WELCOME TO CLASS XII

[Audio] WELCOME TO CLASS XII BUSINESS STUDIES 1st CLASS.

[Audio] 📘 Chapter 1: Nature and Significance of Management Meaning of Management Features of Management Importance of Management Functions of Management Levels of Management.

[Audio] MEANING OF MANAGEMENT Management is the process of getting work done through others in an effective and efficient way to achieve goals..

[Audio] FEATURES OF MANANGEMENT Goal Oriented Continuous Process Dynamic Intangible Power Pervasive.

[Audio] GOAL ORIENTED Management always works to achieve specific goals of the organization. A company sets a target to sell 10,000 products. Managers plan and guide employees to achieve this target..

[Audio] PERVAISE Management is needed in all types of organizations — business, school, hospital, etc. In a school → principal manages teachers In a hospital → doctors and staff are managed.

[Audio] CONTINUOUS PROCESS Management is an ongoing process, it never stops. After planning, organizing starts → then directing → then controlling. This cycle keeps repeating..

[Audio] DYANAMIC Management changes according to environment and situations. During COVID-19, companies shifted to work from home..

[Audio] INTANGIBLE ASSET Management cannot be seen, but its effect can be felt. Management cannot be If a company runs smoothly and employees are happy → good management If chaos → poor management, but its effect can be felt..

[Audio] IMPORTANCE OF MANAGEMENT Achieving Goals Efficient Use of Resources Coordination Improves Productivity Decision Making.

[Audio] Achieving Goals Management helps an organization reach its goals in an organized way. 👉 It ensures all efforts are directed toward success..

[Audio] Efficient Use of Resources Management uses resources (money, people, time) properly without waste. 👉 It helps in saving cost and increasing output..

[Audio] Coordination Management brings all activities and people together. 👉 It makes sure everyone works in the same direction..

[Audio] Improves Productivity Management increases the efficiency of workers. 👉 It helps people do more work in less time..

[Audio] Decision Making. Decision Making. Management increases the efficiency of workers. 👉 It helps people do more work in less time..