Management Paper 2012

The first question in 2012 paper of management, B.Com, Bahaudin Zakariya University, Multan was a set of 10 short questions. The solution to the first 5 short questions is as under:

Define management

Management is the process of getting things done, effectively and efficiently, through and with other people. Managers attain organizational goals in an effective and efficient manner through the management; they use planning, organizing, leading and controlling of peoples and resources while managing them to get to the goals.

What are the different functions a manager needs to perform?

Managers use planning, organizing, leading and controlling of peoples and resources while managing them to get to the goals.

Name the major theories in the classical approach to management.

There are three major approaches: scientific management, administrative management, and bureaucratic management.

List the major components of external environment of an organization.

The external environment of an organization has five elements: political changes, economic changes, social changes, technological changes, and legal changes.