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BCO 121: Principles of Management Questions and Answers

Institution: University

Course: Bachelor of Commerce

Content Category: Tutorials

Posted By: alvin shiveka

Document Type: PDF

Number of Pages: 16

Price: KES 350
 
    

Views: 980     Downloads: 3

Summary

PRINCIPLES OF MANAGEMENT
SHORT QUESTIONS AND ANSWERS

Brief Overview
1. Define Management.
According to KOONTZ & WEIHRICH, “Management is the process of designing and
maintaining of an environment in which individuals working together in groups efficiently accomplish
selected aims”.
“Management is the art of getting things through and with people in formally organized groups”.
Ex: Human Resource Management, Financial Management.

2. Is Management - an art or science?
Managing as practice is an art; the organized knowledge underlying the practice is a
science.
Managing has the following features that make it an art.
1. Creative
2. Individual approach
3. Application and dedication
4. Initiative and
5. Intelligence.
The following features make it a science.
5. Systematic decision making
6. Universal management process
7. Situational output and
8. Universally accepted management.
Thus management can be called both as an art and science.

3. What are the essential skills of Managers?
The major skills required or expected out of managers are:-
Technical skills – Pertaining to knowledge and proficiency in activities involving methods and
procedures;
Human skills – Ability to work effectively with other persons and to build up cooperative group
relations to accomplish organizational objectives;
Conceptual skills – Ability to recognize significant elements in a situation; and to understand the
relationship among those elements; and
Design skills – Ability to solve problems in ways that will benefit the enterprise
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