CBSE Class 12-commerce Business Studies Part I Introductory Concepts Of Management

Understand the concepts of management from the CBSE Class 12 Commerce Business Studies chapter Nature and Significance of Management at TopperLearning. Refer to our revision notes, sample papers, video lessons, MCQs etc. to learn more about the topic.

Management is essential for every organisation as it takes care of the functioning of the establishment. Management is a broad term and encompasses many aspects of running a company. The main principles of management are

  • Providing managers with useful insights into reality
  • Optimum utilisation of resources and effective administration
  • Scientific decision-making
  • Meeting changing business environment
  • Fulfilling social responsibility

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