Why Study Management

Q1:Why Study Management
Ans:Management teaches you to understand how people behave in organisations, and the nature of
power, influence and leadership. Whether you aim to be self-employed, an entrepreneur, head your
own company; or to work for private business, not-for-profit organisations or government agencies –
Management gives you the tools for success!
Q2:Why are managers important?

Ans: A manager plans and organizes work. He or she puts the right things (information,
people, machines, materials, money) in the right place at the right time. Without a manager,
each contributor would need to coordinate with everyone else, order their parts and
materials, ensure completed work moves through the workflow,
Q3: Who are Managers and where do they work?
Who is manager: A Manager is a person who manages or is in charge of something.

Managers can control departments in companies, or guide the people who work for
them. Managers must often make decisions about things.
Where do they work:

They work in an organizational setting. An organization is a deliberate arrangement of
people brought together to accomplish some specific purpose. For instance, your
college or university is an organization, as are the United Way, your neighborhood
convenience store
Q4: How many levels of Management?
Ans: Levels of managemant:

1) Top Level of Management:
It consists of board of directors, chief executive or managing director. The top

management is the ultimate source of authority and it manages goals and policies for an
enterprise. It devotes more time on planning and coordinating functions.
2) Middle Level of Management:
The branch managers and departmental managers constitute middle level. They are
responsible to the top management for the functioning of their department. They devote
more time to organizational and directional functions. In small organization, there is only
one layer of middle level of management but in big enterprises, there may be senior and
junior middle level management.
3) Lower Level of Management:
Lower level is also known as supervisory / operative level of management. It consists of

supervisors, foreman, section officers, superintendent etc. According to R.C. Davis,
“Supervisory management refers to those executives whose work has to be largely with
personal oversight and direction of operative employees”.
Q5: What are Characteristics of organizations?
Ans:Characteristics of Organisation:
(1) Division of Work:
Division of work is the basis of an organisation. In other words, there can be no

organisation without division of work. Under division of work, the entire work of business
is divided into many departments.
(2) Coordination:
Under organisation different persons are assigned different works but the aim of all
these persons happens to be the same the attainment of the objectives of the
enterprise. Organisation ensures that the work of all the persons depends on each
other’s work even though it happens to be different.
(3) Common Objectives:
There are various parts of an organisation with different functions to perform but all
move in the direction of achieving a general objective.
(4) Organisation is a Machine of Management:
Organisation is considered to be a machine of management. It is that machine in which

no part can afford to be ill- fitting or non-functional. In other words, if the division of work
is not done properly or posts are not created correctly the whole system of management
collapses.
Q7: What mean efficiency and effectiveness in management?
Ans:Management Efficiency:
Strategic management decisions that promote efficiency tend to be aimed at reducing

the use of resources through maximizing return. Any action taken to reduce inventory
waste, for example, would be a strategic management decision aimed at greater
efficiency. Efforts to increase productivity would be included in this category. Another
strategic management decision that would be efficiency-oriented would be having
executives share an executive assistant, rather than hiring executive assistants for each
executive.
Management Effectiveness:
Management effectiveness can be measured by results. Goals such as increasing

market share, improving customer satisfaction ratings and achieving desired revenue
levels come under the heading of management effectiveness. This is how you measure
whether management decisions are actually improving your business performance. For
every decision that strategic managers make, you need to set a date in the future when
you will measure the effectiveness of those decisions. Better yet, tell your managers to
bring you data to show the effectiveness of their decisions
Q8: What are management functions?
Ans:Functions of managemant:
1) Planning:
It is the basic function of management. It deals with chalking out a future course of
action & deciding in advance the most appropriate course of actions for achievement of
pre-determined goals.
2) Organizing:
It is the process of bringing together physical, financial and human resources and
developing productive relationship amongst them for achievement of organizational
goals.
3) Staffing:
It is the function of manning the organization structure and keeping it manned. Staffing
has assumed greater importance in the recent years due to advancement of technology,
increase in size of business, complexity of human behavior etc. The main purpose o
staffing is to put right man on right job i.e. square pegs in square holes and round pegs
in round holes.
4) Controlling:
It implies measurement of accomplishment against the standards and correction of

deviation if any to ensure achievement of organizational goals. The purpose of
controlling is to ensure that everything occurs in conformities with the standards. An
efficient system of control helps to predict deviations before they actually occur.\
Q9: Define interpersonal, informational, decisional roles.
Ans:(A)Interpersonal Roles
Figurehead – includes symbolic duties which are legal or social in nature.
Leader – includes all aspects of being a good leader. This involves building a team,
coaching the members, motivating them, and developing strong relationships.
(B) Informational Roles
Monitor – includes seeking information regarding the issues that are affecting the
organization. Also, this includes internal as well as external information.
Disseminator – On receiving any important information from internal or external

sources, the same needs to be disseminated or transmitted within the organization.
Spokesperson – includes representing the organization and providing information about

the organization to outsiders.
(C) Decisional Roles
Entrepreneur – involves all aspects associated with acting as an initiator, designer, and
also an encourager of innovation and change.
Disturbance handler – taking corrective action when the organization faces

unexpected difficulties which are important in nature.
Resource Allocator – being responsible for the optimum allocation of resources like
time, equipment, funds, and also human resources, etc.
Q10:What types of skills do managers need?
Ans:Skills of management:
There are 3 types if management skills
1) Conceptual Skills:
Conceptual skills present knowledge or ability of a manager for more abstract thinking.

That means he can easily see the whole through analysis and diagnosis of different
states. In such a way they can predict the future of the business or department as a
whole.
2) Technical Skills:
Technical skills involve skills that give the managers the ability and the knowledge to
use a variety of techniques to achieve their objectives. These skills not only involve
operating machines and software, production tools, and pieces of equipment but also
the skills needed to boost sales, design different types of products and services, and
market the services and the products
3. Human or Interpersonal Skills:
The human or the interpersonal skills are the skills that present the managers’ ability to
interact, work or relate effectively with people. These skills enable the managers to
make use of human potential in the company and motivate the employees for better
results

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Q1:Why Study Management

Q2:Why are managers important?

Q3: Who are Managers and where do they work?

Who is manager: A Manager is a person who manages or is in charge of something.

Where do they work:

Q4: How many levels of Management?

Ans: Levels of managemant:

It consists of board of directors, chief executive or managing director. The top

2) Middle Level of Management:

3) Lower Level of Management:

Lower level is also known as supervisory / operative level of management. It consists of

Q5: What are Characteristics of organizations?

(1) Division of Work:

Division of work is the basis of an organisation. In other words, there can be no

(3) Common Objectives:

(4) Organisation is a Machine of Management:

Organisation is considered to be a machine of management. It is that machine in which

Q7: What mean efficiency and effectiveness in management?

Strategic management decisions that promote efficiency tend to be aimed at reducing

Management effectiveness can be measured by results. Goals such as increasing

Q8: What are management functions?

It implies measurement of accomplishment against the standards and correction of

Q9: Define interpersonal, informational, decisional roles.

(B) Informational Roles

Disseminator – On receiving any important information from internal or external

Spokesperson – includes representing the organization and providing information about

(C) Decisional Roles

Disturbance handler – taking corrective action when the organization faces

There are 3 types if management skills

Conceptual skills present knowledge or ability of a manager for more abstract thinking.

3. Human or Interpersonal Skills:

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