Nature and Significance of Management
Free NCERT-aligned resource for the 2026–27 academic session.
Part/unit weightage: 16 marks where the official CBSE structure groups this unit under the indicated section. Theory is 80 marks and project work is 20 marks. citeturn0search11
1. What You Need to Learn
Management concept, objectives, importance, effectiveness and efficiency; management as science, art and profession; levels; functions; coordination.
2. Core Concepts
Management is the process of getting things done effectively and efficiently through and with people. Effectiveness means achieving objectives; efficiency means achieving them with optimum resource use. Coordination integrates group efforts and is the essence of management.
3. Common Mistakes
Do not equate effectiveness with efficiency. Remember that coordination is continuous and occurs at all levels, while functions of management are interrelated.
4. Case-Based & Exam Practice
- A case describes a manager achieving targets but wasting resources.
- Identify effectiveness and efficiency.
- Explain why coordination is important..
5. Quick Revision Checklist
- Can you define the key terms in NCERT language?
- Can you identify the concept from a business case?
- Can you explain the reason, feature, advantage or limitation?
- Can you apply the concept to a new situation?
