MBA101 MCOB QUESTION ANSWER BANK
MANANGEMENT CONCEPT AND ORGANISATIONAL BEHAVIOUR MBA 101 QUESTION ANSWER BANK Q1. Discuss and illustrate the meaning, definition and characteristics of management in modern organizations. or Briefly discuss the nature and scope of Management. Ans. Meaning: Management is understood in different ways by different people. Economists regard it as a factor of production. Sociologists see it as a class or group of persons while practitioners of management treat it as a process. For our understanding, management may be viewed as what a manager does in a formal organization to achieve the objectives. In the words of Mary Parker Follet management is “the art of getting things done through people”. This definition throws light on the fact that managers achieve organizational goals by enabling others to perform rather than performing the tasks themselves. Definition: Henry Fayol, "To mange is to forecast and plan, to organize, to compound, to co-ordinate and to c...