GNG Business studies | Day 1 | Chapter 1 | Class 12 | Nature and significance of management.

00:59:00
https://www.youtube.com/watch?v=PFi7U12-dno

概要

TLDRThe video introduces the GNG 2.0 series, designed to enhance students' confidence and academic performance over 20 days. It emphasizes commitment to studying business studies, accounts, and economics, with a structured approach. Key concepts of management are discussed, including its definition, functions (planning, organizing, staffing, directing, controlling), characteristics, objectives, and the importance of coordination in achieving organizational goals. The instructor encourages active engagement with the material and provides resources for further study, aiming to create a supportive learning environment for students.

収穫

  • 📅 Commitment to 20 days of study is essential.
  • 📚 Focus on business studies, accounts, and economics.
  • 📝 Management involves planning, organizing, staffing, directing, and controlling.
  • 🔗 Coordination is key for achieving organizational goals.
  • 🎯 Management is goal-oriented and pervasive.
  • 📈 Objectives include organizational, social, and personal goals.
  • 🔍 Management is a social science, not an exact science.
  • 👥 There are three levels of management: top, middle, and lower.
  • 💡 Effective management leads to societal development.
  • 📊 Create a study chart to track progress.

タイムライン

  • 00:00:00 - 00:05:00

    The introduction to the GNG 2.0 series emphasizes a commitment to studying hard for the next 20 days to boost confidence and achieve academic success, particularly in business studies.

  • 00:05:00 - 00:10:00

    The first chapter of business studies begins with a focus on management, highlighting the importance of reading from the appropriate textbooks and solving key questions provided in the video description.

  • 00:10:00 - 00:15:00

    A study planner is introduced, encouraging students to track their progress over the 21 days, ensuring they complete their syllabus in a structured manner.

  • 00:15:00 - 00:20:00

    Management is defined as a process involving planning, organizing, staffing, directing, and controlling, with an emphasis on the importance of effective management across all fields, not just commerce.

  • 00:20:00 - 00:25:00

    The five functions of management are explained: planning (thinking ahead), organizing (arranging resources), staffing (placing the right people), directing (guiding the team), and controlling (monitoring progress).

  • 00:25:00 - 00:30:00

    Management is characterized as a goal-oriented, pervasive, continuous, dynamic, multidimensional, group activity that is intangible and essential for achieving organizational objectives.

  • 00:30:00 - 00:35:00

    The objectives of management are outlined as organizational (survival, profit, growth), social (benefits to society), and personal (employee satisfaction and development).

  • 00:35:00 - 00:40:00

    The significance of management is discussed, emphasizing its role in achieving group goals, personal objectives, societal development, and enhancing efficiency within organizations.

  • 00:40:00 - 00:45:00

    Management is analyzed in terms of its nature, being described as a science (but not an exact science), a profession (not fully developed), and an art (requiring creativity and practice).

  • 00:45:00 - 00:50:00

    The levels of management are detailed, including top-level (executives), middle-level (department heads), and lower-level (supervisors), with a focus on the distribution of authority and accountability among these levels.

  • 00:50:00 - 00:59:00

    Coordination is defined as the process of synchronizing activities across departments to achieve organizational goals, highlighting its importance in ensuring unity of action and continuous improvement.

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マインドマップ

ビデオQ&A

  • What is the GNG 2.0 series about?

    The GNG 2.0 series aims to boost students' confidence and academic performance over 20 days.

  • What subjects are covered in this series?

    The series covers business studies, accounts, and economics.

  • What are the five functions of management?

    The five functions of management are planning, organizing, staffing, directing, and controlling.

  • Why is coordination important in management?

    Coordination ensures that different departments work together towards common goals and helps prevent conflicts.

  • What are the characteristics of management?

    Management is goal-oriented, pervasive, continuous, dynamic, multidimensional, a group activity, and intangible.

  • What are the objectives of management?

    The objectives of management include organizational, social, and personal objectives.

  • Is management considered a science?

    Management is considered a social science or inexact science, as it involves human behavior.

  • What is the significance of management?

    Management is important for achieving group goals, fulfilling personal objectives, and contributing to societal development.

  • What levels of management are there?

    There are three levels of management: top level, middle level, and lower level.

  • What is the essence of management?

    Coordination is considered the essence of management as it is required at every level and in every function.

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  • 00:00:00
    What's up everyone, welcome back to the channel.
  • 00:00:03
    This is day 1 of our GNG 2.0 series.
  • 00:00:08
    And after watching this series, in the next 20 days, your confidence level will
  • 00:00:13
    go to the next level and we are going to break the boards.
  • 00:00:17
    So when you have come this far, then take a commitment that for the next 20
  • 00:00:22
    days, today and 20 more days, we will study so hard that we will do something
  • 00:00:27
    big for ourselves.
  • 00:00:28
    And we will make our parents' name shine.
  • 00:00:33
    And in the whole area, all the parents will be known by their children's name.
  • 00:00:38
    So let's start quickly and start our GNG 2.0 first day.
  • 00:00:44
    This is business studies video number 1st, let's begin.
  • 00:01:02
    So let's start with business studies chapter number 1.
  • 00:01:08
    But before I start the chapter, I am going to tell you some small things.
  • 00:01:14
    The first thing is that along with the chapter, whatever book you have,
  • 00:01:20
    whatever book you follow, if you follow a particular author's book, then that
  • 00:01:24
    or NCERT.
  • 00:01:25
    You have to take the reading of the chapter from that book when this video will
  • 00:01:29
    end after that.
  • 00:01:31
    The second thing you have to do is that in the description of this video, you
  • 00:01:35
    will get a link, you will open that link, there you will get the most important
  • 00:01:39
    questions which you have to apply very well.
  • 00:01:44
    So solve all the questions well.
  • 00:01:46
    I have also provided the answer below.
  • 00:01:48
    So you will enjoy.
  • 00:01:50
    The third thing is a table like this.
  • 00:01:53
    Everyone make a big paper and put it in your room wherever you are going to sit
  • 00:01:58
    and read for the next 20 days.
  • 00:02:00
    Here you have to put the heading GNG boards 2.0, 2.5 and along with that D1,
  • 00:02:07
    D2, D3, D4, D5, D6, D7 i.e. week 1, week 2 and week 3.
  • 00:02:14
    The whole planner of 21 days in which Business Studies, Accounts, Economics.
  • 00:02:20
    Today when all three of your videos will end, then cross it here like this that
  • 00:02:25
    our first day is done.
  • 00:02:27
    Tomorrow when you will see the videos of the second day, then Business Studies,
  • 00:02:30
    Accounts, Economics done.
  • 00:02:32
    As you move forward, then at the end of a week you will get full confidence
  • 00:02:37
    that yes, we have done a lot of work.
  • 00:02:39
    So about 33.33% syllabus will be completed here.
  • 00:02:45
    The next 33.33% will be completed here.
  • 00:02:49
    And the next 33.33% syllabus will end here.
  • 00:02:53
    And our 99.99% 100% syllabus will end here.
  • 00:02:58
    So by making a chart like this in your copy, stick it on your wall and for the
  • 00:03:04
    next 20 days you have to study with full consistency and commitment.
  • 00:03:06
    Okay, let's start with chapter no.
  • 00:03:12
    1.
  • 00:03:14
    Sir, our Business Studies in this 12th class is completely dependent on
  • 00:03:19
    management.
  • 00:03:20
    Sir, what is management?
  • 00:03:23
    Brother, see what I am doing.
  • 00:03:25
    So I am doing full syllabus in 21 days.
  • 00:03:28
    So I am involved in making this series.
  • 00:03:31
    My whole team is involved.
  • 00:03:33
    So what did I do?
  • 00:03:34
    I managed people and things.
  • 00:03:39
    What are the things here?
  • 00:03:40
    Brother, we have a syllabus, we have to make material, we have to make PPTs.
  • 00:03:44
    So if the right thing will not happen at the right time, then it is useless or
  • 00:03:47
    not, it is management.
  • 00:03:49
    If you do not study well, then you will not get marks.
  • 00:03:53
    Management is spoiled.
  • 00:03:54
    No businessman will do business properly.
  • 00:03:57
    Management is spoiled.
  • 00:03:58
    He will not make profits.
  • 00:04:00
    So management is a very important subject that anyone has to study.
  • 00:04:05
    Don't think that it is restricted to commerce only.
  • 00:04:08
    Management is also needed by science people.
  • 00:04:10
    Management is also needed by humanities people.
  • 00:04:13
    Without management, nothing will happen.
  • 00:04:16
    So the definition of management was broken.
  • 00:04:19
    Manage men and things.
  • 00:04:22
    Okay, see what is given first.
  • 00:04:24
    What is management?
  • 00:04:26
    It is defined as a process.
  • 00:04:30
    This whole thing is a process.
  • 00:04:32
    Sir, what does process mean?
  • 00:04:34
    Process means children, in this step by step, we have to follow functions.
  • 00:04:42
    Now sir, what are these functions?
  • 00:04:44
    We have 5 functions of management.
  • 00:04:47
    First of all, planning.
  • 00:04:49
    Planning means thinking in advance.
  • 00:04:52
    What to do, how to do, when to do, who will do.
  • 00:04:55
    Like I thought in advance, I thought in advance that in how many days GNG will
  • 00:05:01
    be made.
  • 00:05:02
    Last year I thought this time it was easy for me.
  • 00:05:04
    Because I already had a plan.
  • 00:05:06
    But I made it better.
  • 00:05:08
    Last year there were no questions, this time there are questions.
  • 00:05:10
    Last year there were no MCQs, this year there are MCQs.
  • 00:05:12
    There are many more things that were not there last year, this time they are,
  • 00:05:15
    you will know later.
  • 00:05:17
    So first of all, we did planning for management.
  • 00:05:21
    That brother, thinking in advance.
  • 00:05:22
    What to do, how to do, when to do.
  • 00:05:24
    Then we did organizing.
  • 00:05:26
    This is called the second function of management.
  • 00:05:29
    What does organizing mean?
  • 00:05:31
    Organize things, organize study material.
  • 00:05:34
    I divided people, that you make PPT, you make material, you take out new
  • 00:05:38
    questions for children.
  • 00:05:40
    You suggest which video should go when.
  • 00:05:42
    Organize all the work.
  • 00:05:44
    Then we did staffing.
  • 00:05:46
    Staffing means putting the right person at the right place.
  • 00:05:50
    Now to make PPT, the person has been put whose typing is very good.
  • 00:05:53
    To take out important questions, that team has been put, who is a pro in that
  • 00:05:58
    work.
  • 00:06:00
    I came to teach myself.
  • 00:06:01
    Because this is my field.
  • 00:06:03
    So staffing means, having the right person at the right place.
  • 00:06:07
    Otherwise it will be a mess.
  • 00:06:08
    After that directing.
  • 00:06:10
    Directing means, like what does the director do in the movie.
  • 00:06:13
    Now I was seeing, Pushpa 2's director had shown Allu Arjun by doing full
  • 00:06:17
    action.
  • 00:06:17
    Do like this, do like this, do like this.
  • 00:06:20
    Directing, inspiring, motivating, leading.
  • 00:06:23
    A manager also has to direct the team.
  • 00:06:26
    Wake up, do the work.
  • 00:06:28
    And in the last, control.
  • 00:06:31
    Controlling.
  • 00:06:32
    Check if the work is going well or not.
  • 00:06:35
    So there were 5 functions of management.
  • 00:06:37
    We will remember quickly.
  • 00:06:38
    POSDC, POSDC, POSDC.
  • 00:06:42
    P for planning.
  • 00:06:44
    Plan the work in advance.
  • 00:06:46
    O for organizing.
  • 00:06:48
    Making different departments.
  • 00:06:49
    Sort things.
  • 00:06:50
    Like mom organizes at home.
  • 00:06:52
    S for staffing.
  • 00:06:54
    Having the right person at the right place.
  • 00:06:57
    D for directing.
  • 00:06:59
    Directing your team.
  • 00:07:00
    Guiding, inspiring.
  • 00:07:02
    C for controlling.
  • 00:07:04
    Check if the plan is working or not.
  • 00:07:07
    Like I made you a table.
  • 00:07:09
    So you will be able to check after 7 days whether you have studied for 7 days
  • 00:07:12
    or not.
  • 00:07:13
    Controlling is happening.
  • 00:07:14
    So we have seen 5 functions of management.
  • 00:07:17
    These 5 have chapters.
  • 00:07:20
    Chapter no.
  • 00:07:21
    4, 5, 6, 7, 8.
  • 00:07:24
    We will study each function in detail.
  • 00:07:26
    We will be tension free.
  • 00:07:28
    So what is management?
  • 00:07:29
    It is a process.
  • 00:07:31
    Sir, what is the process of?
  • 00:07:32
    Getting things done.
  • 00:07:34
    Get the work done.
  • 00:07:36
    Like the work is happening.
  • 00:07:37
    PPT is ready.
  • 00:07:38
    Questions are ready.
  • 00:07:39
    You are getting videos.
  • 00:07:40
    Getting things done.
  • 00:07:42
    What is the aim?
  • 00:07:42
    What is our aim?
  • 00:07:43
    What is the aim?
  • 00:07:44
    Aim of achieving the goals.
  • 00:07:47
    Management always has a goal.
  • 00:07:50
    My goal is that I will make you read the syllabus so well in the next 21 days.
  • 00:07:54
    You won't have any problem.
  • 00:07:56
    Achievement of goals.
  • 00:07:58
    Of the organization.
  • 00:08:00
    Effectively.
  • 00:08:04
    Efficiently.
  • 00:08:07
    Effectively means working at the right time.
  • 00:08:12
    T stands for time.
  • 00:08:13
    Working at the right time.
  • 00:08:16
    Efficiency means working at least in expenditure.
  • 00:08:21
    Also take care of the cost.
  • 00:08:23
    So a good management always tries to get the work done.
  • 00:08:27
    Right?
  • 00:08:28
    Along with getting the work done, the goal of the organization should also be
  • 00:08:31
    achieved.
  • 00:08:32
    With effectiveness and efficiency.
  • 00:08:35
    Effectiveness means time also.
  • 00:08:37
    The thing that should be at the right time, should come at that time.
  • 00:08:40
    And efficiency means at least in expenditure.
  • 00:08:41
    So what is management?
  • 00:08:43
    It is the process of getting things done.
  • 00:08:47
    With the main aim of achieving goals.
  • 00:08:49
    Effectively and efficiently.
  • 00:08:52
    Done sir.
  • 00:08:53
    What is the matter?
  • 00:08:54
    What is the matter?
  • 00:08:55
    See.
  • 00:08:57
    What did the process mean?
  • 00:08:59
    All functions.
  • 00:09:00
    Which I told you.
  • 00:09:01
    Planning, organizing, staffing, directing, controlling.
  • 00:09:04
    What does effectiveness mean?
  • 00:09:06
    Completing the task and achieving the goals on time.
  • 00:09:09
    What does efficiency mean?
  • 00:09:10
    Doing the task correctly and with minimum cost.
  • 00:09:15
    Done sir.
  • 00:09:16
    Now kids are coming.
  • 00:09:18
    Characteristics of management.
  • 00:09:20
    Sir, what are the features of management?
  • 00:09:23
    Son, I have taught you more than half.
  • 00:09:25
    In the definition only.
  • 00:09:27
    We have read more than half features in the definition only.
  • 00:09:30
    What did I tell you first?
  • 00:09:32
    Management is always for a goal.
  • 00:09:35
    Our goal is to get the most number.
  • 00:09:38
    To bring the most number.
  • 00:09:38
    To teach the children so well that the most number comes.
  • 00:09:42
    The goal of any organization can be to make the most profit.
  • 00:09:46
    Right?
  • 00:09:47
    Make the most profit.
  • 00:09:49
    The goal of any ultimate organization can be to do charity.
  • 00:09:53
    The goal of any organization can be to do more production.
  • 00:09:57
    The goal of any organization can be to increase the market share.
  • 00:10:01
    But always management will be with a goal.
  • 00:10:04
    So the first thing management is a goal oriented process.
  • 00:10:07
    As it unites the efforts of different individuals.
  • 00:10:10
    Will bring different people together and put them towards a goal.
  • 00:10:14
    Right?
  • 00:10:15
    Number 2.
  • 00:10:16
    It is all pervasive.
  • 00:10:17
    Pervasive means universal.
  • 00:10:20
    What will be the meaning of pervasive children?
  • 00:10:22
    Universal.
  • 00:10:23
    What is the meaning of universal sir?
  • 00:10:24
    Universal means everyone wants.
  • 00:10:28
    What did I tell you in the beginning?
  • 00:10:30
    I also want management.
  • 00:10:31
    Your school also wants.
  • 00:10:33
    Your college also wants.
  • 00:10:34
    Your home also wants.
  • 00:10:35
    Everyone wants.
  • 00:10:36
    My neighbor also wants.
  • 00:10:38
    His neighbor also wants.
  • 00:10:39
    The one behind me also wants.
  • 00:10:40
    The one in front of me also wants.
  • 00:10:42
    Management is pervasive.
  • 00:10:44
    So first of all we will remember.
  • 00:10:46
    Goal oriented.
  • 00:10:48
    Second.
  • 00:10:49
    Pervasive.
  • 00:10:50
    Pervasive means required in the organization at all levels in all the
  • 00:10:53
    departments.
  • 00:10:54
    Number 3.
  • 00:10:55
    Continuous.
  • 00:10:57
    Management does not end children.
  • 00:10:59
    Last year made G and G.
  • 00:11:01
    Managed it.
  • 00:11:02
    Did the things ahead of it.
  • 00:11:03
    Started teaching next year.
  • 00:11:06
    Then G and G came.
  • 00:11:07
    Next year I will make some more new things.
  • 00:11:10
    You will tell all your juniors.
  • 00:11:11
    That a very good teacher taught us.
  • 00:11:14
    It was fun.
  • 00:11:15
    Or then our elder brother taught.
  • 00:11:17
    It was fun.
  • 00:11:18
    So that bond of ours.
  • 00:11:20
    Management never ends.
  • 00:11:23
    It will work, it will work, it will work.
  • 00:11:25
    You first managed the 10th class.
  • 00:11:26
    Then came 11th.
  • 00:11:28
    You are doing 12th.
  • 00:11:29
    You will do further higher studies.
  • 00:11:31
    Will management ever end in life?
  • 00:11:33
    Can't be.
  • 00:11:33
    So what is written?
  • 00:11:35
    It is a continuous process of planning, organizing, staffing, directing,
  • 00:11:38
    controlling.
  • 00:11:39
    These are simultaneously performed.
  • 00:11:41
    Can't end.
  • 00:11:43
    What is the fourth?
  • 00:11:44
    Dynamic function.
  • 00:11:46
    Dynamic means changing yourself over time.
  • 00:11:49
    Now last year I made G and G.
  • 00:11:50
    Why am I making it again?
  • 00:11:52
    Let it run.
  • 00:11:53
    But the problem is that last year the pattern of questions was different.
  • 00:11:57
    This year the pattern of questions is different.
  • 00:11:59
    My way of teaching was different till last year.
  • 00:12:02
    This year I changed according to the students.
  • 00:12:04
    Approach has to be changed.
  • 00:12:06
    You have to change yourself over time.
  • 00:12:08
    So what is management?
  • 00:12:09
    It is dynamic.
  • 00:12:10
    Dynamic means which keeps on changing according to the situation.
  • 00:12:14
    Remember 4.
  • 00:12:15
    Come let's remember.
  • 00:12:16
    Goal oriented.
  • 00:12:18
    Second, pervasive.
  • 00:12:21
    Third, dynamic.
  • 00:12:23
    Fourth, which one is left?
  • 00:12:25
    Continuous.
  • 00:12:26
    So what happened?
  • 00:12:27
    Goal oriented.
  • 00:12:29
    Pervasive.
  • 00:12:30
    Continuous.
  • 00:12:31
    Dynamic.
  • 00:12:32
    Everything is management.
  • 00:12:33
    Number 5.
  • 00:12:35
    Management is multidimensional.
  • 00:12:38
    Sir, what does multidimensional mean?
  • 00:12:42
    Multidimensional means children.
  • 00:12:44
    It has more than one dimension.
  • 00:12:47
    Sir, what does dimensions mean?
  • 00:12:49
    Dimensions means understand the path in a way.
  • 00:12:51
    That if you have to do management in the whole organization.
  • 00:12:56
    Then 3 parts will have to be managed.
  • 00:12:59
    First of all, manage the work.
  • 00:13:02
    Sir, what does it mean to manage the work?
  • 00:13:04
    Means what will be your goal?
  • 00:13:06
    How much time will it be?
  • 00:13:07
    How will it be achieved?
  • 00:13:09
    What resources will be needed?
  • 00:13:11
    First manage the work.
  • 00:13:13
    Then how many people will be needed?
  • 00:13:17
    Bringing those people.
  • 00:13:18
    Training those people.
  • 00:13:19
    Putting those people to work.
  • 00:13:21
    So the second is the management of people.
  • 00:13:23
    First manage the work.
  • 00:13:26
    Second, manage the people.
  • 00:13:28
    Third, when these two start working together.
  • 00:13:30
    Like now the series is going on.
  • 00:13:32
    Now I have also told the work to my team.
  • 00:13:34
    The series is also going on.
  • 00:13:36
    Do I have to manage operations on a daily basis?
  • 00:13:39
    Operations means you have to see.
  • 00:13:40
    Is the work going on properly or not?
  • 00:13:42
    Is there any fight or quarrel in my organization?
  • 00:13:44
    Is the team doing the work at the right time or not?
  • 00:13:46
    You have to see.
  • 00:13:48
    Management of operations.
  • 00:13:51
    So work means to see what is the work?
  • 00:13:54
    What are the goals?
  • 00:13:56
    How will they be achieved?
  • 00:13:57
    People means to bring people.
  • 00:14:00
    To give them powers.
  • 00:14:01
    To give responsibility.
  • 00:14:03
    And to make a relationship.
  • 00:14:04
    Brother, you tell him, you tell him, you tell him.
  • 00:14:07
    Operations means when the work starts.
  • 00:14:09
    When these people start doing this work.
  • 00:14:11
    Now see if they are doing it properly or not.
  • 00:14:13
    How smoothly are the operations going on?
  • 00:14:15
    So management is multidimensional.
  • 00:14:18
    Tell me five quickly.
  • 00:14:19
    Pause the video quickly.
  • 00:14:20
    Pause here and there.
  • 00:14:21
    First of all, goal oriented.
  • 00:14:24
    Second, pervasive.
  • 00:14:26
    Third, continuous.
  • 00:14:28
    Fourth, dynamic.
  • 00:14:30
    Fifth, multidimensional.
  • 00:14:32
    Sixth, group activity.
  • 00:14:35
    Brother, management is a team work.
  • 00:14:37
    What management alone?
  • 00:14:39
    Management is needed only when the whole group is working.
  • 00:14:42
    The whole team is working.
  • 00:14:43
    So it ensures team work.
  • 00:14:46
    And coordination.
  • 00:14:49
    So sir, what happened?
  • 00:14:50
    Became goal oriented.
  • 00:14:52
    Pervasive.
  • 00:14:54
    Continuous.
  • 00:14:55
    Dynamic.
  • 00:14:56
    Multidimensional.
  • 00:14:58
    Group activity.
  • 00:15:00
    Come on, take a screenshot quickly.
  • 00:15:02
    Quickly.
  • 00:15:03
    Now we have kids.
  • 00:15:05
    Before we move on to the next topic.
  • 00:15:07
    There is a small point in it.
  • 00:15:10
    What is that?
  • 00:15:12
    Sir, you have been doing management for so long.
  • 00:15:16
    Have you ever seen management?
  • 00:15:18
    Have you ever hugged management?
  • 00:15:20
    Have you ever shook hands with management?
  • 00:15:22
    I have never seen this.
  • 00:15:24
    Then my management is good or not.
  • 00:15:26
    How do you know?
  • 00:15:27
    Like I completed GNG last year.
  • 00:15:30
    Like I have been completing the syllabus of children for so many years.
  • 00:15:33
    And 100 out of 100 children.
  • 00:15:35
    300 out of 300.
  • 00:15:36
    There is a line.
  • 00:15:37
    So I don't see management.
  • 00:15:39
    I don't see it.
  • 00:15:40
    I feel it.
  • 00:15:41
    I get satisfaction.
  • 00:15:42
    The results of the children come.
  • 00:15:43
    So many children are studying.
  • 00:15:45
    So many lakhs are becoming subscribers.
  • 00:15:47
    So the children have faith.
  • 00:15:48
    So I don't see management.
  • 00:15:51
    I am feeling it.
  • 00:15:52
    I am able to understand.
  • 00:15:53
    What is this feature?
  • 00:15:54
    Management is intangible.
  • 00:16:00
    Intangible means.
  • 00:16:02
    It is not visible.
  • 00:16:04
    Everyone feels it.
  • 00:16:05
    So tell me quickly.
  • 00:16:07
    What are the 7 points?
  • 00:16:09
    Goal oriented.
  • 00:16:11
    After that pervasive.
  • 00:16:13
    After that continuous.
  • 00:16:15
    After that dynamic.
  • 00:16:16
    Group activity.
  • 00:16:19
    Multidimensional.
  • 00:16:21
    Intangible.
  • 00:16:22
    Remember the features.
  • 00:16:23
    Done sir.
  • 00:16:24
    Let's go ahead.
  • 00:16:25
    Let's go.
  • 00:16:27
    Now it is coming.
  • 00:16:29
    Objectives of management.
  • 00:16:31
    Do you understand the meaning of objective?
  • 00:16:32
    Purpose.
  • 00:16:33
    What is the purpose of management?
  • 00:16:36
    Why are we doing management?
  • 00:16:38
    What is the purpose?
  • 00:16:39
    What are the objectives of management?
  • 00:16:43
    There will be 3 objectives.
  • 00:16:45
    It is very easy.
  • 00:16:47
    OSP.
  • 00:16:48
    What will it be?
  • 00:16:49
    OSP.
  • 00:16:50
    What will it be?
  • 00:16:51
    OSP.
  • 00:16:52
    Sir, what does O mean?
  • 00:16:55
    Organizational objective.
  • 00:16:56
    Our objective related to the organization.
  • 00:17:00
    Why do you have to do management?
  • 00:17:01
    Because the organization will benefit.
  • 00:17:03
    2nd.
  • 00:17:04
    Social.
  • 00:17:05
    Management also has to be done for the society.
  • 00:17:07
    If I do good management.
  • 00:17:09
    My organization will do a good job.
  • 00:17:10
    Society will also benefit.
  • 00:17:12
    How?
  • 00:17:13
    We will see now.
  • 00:17:14
    3rd.
  • 00:17:15
    P.
  • 00:17:15
    P means personal objective.
  • 00:17:17
    Personal means the people who are working in my organization.
  • 00:17:21
    My employees.
  • 00:17:22
    They should also be happy.
  • 00:17:24
    So my employees should also enjoy working.
  • 00:17:26
    So things related to employees.
  • 00:17:28
    3rd.
  • 00:17:29
    Objectives related to employees.
  • 00:17:31
    It is called personal.
  • 00:17:32
    So remember.
  • 00:17:33
    Any organization has 3 objectives.
  • 00:17:37
    Which are?
  • 00:17:38
    Organizational.
  • 00:17:41
    Social.
  • 00:17:44
    Personal.
  • 00:17:47
    SPGE in organization.
  • 00:17:49
    Survival.
  • 00:17:50
    Profit.
  • 00:17:51
    Growth.
  • 00:17:52
    What does survival mean?
  • 00:17:54
    Whenever an organization is born.
  • 00:17:56
    Whenever an organization is born.
  • 00:17:59
    Whenever an organization is small.
  • 00:18:02
    Their first objective is to survive.
  • 00:18:06
    They should not die.
  • 00:18:07
    Competitor should not eat them.
  • 00:18:09
    That is, when you make a small business.
  • 00:18:11
    Then you are always afraid that the big business will eat it.
  • 00:18:15
    Big business can destroy it.
  • 00:18:17
    So what is the first purpose of that business?
  • 00:18:20
    We survive.
  • 00:18:22
    Earn so much money that we just want to stay on the break even.
  • 00:18:25
    Break even means no profit, no loss.
  • 00:18:27
    Earn so much that expenses keep coming out.
  • 00:18:29
    So when is survival?
  • 00:18:32
    Survival happens when you are able to cover your
  • 00:18:42
    costs.
  • 00:18:44
    As long as you are able to take out the cost, you will survive.
  • 00:18:47
    The business will not die.
  • 00:18:48
    What will be the second objective of an organization?
  • 00:18:51
    Survival is done.
  • 00:18:52
    Earn a little more.
  • 00:18:53
    Earn profit.
  • 00:18:54
    This is not just to keep taking out expenses.
  • 00:18:57
    We have to move forward too.
  • 00:18:58
    For that we need profit.
  • 00:18:59
    So the second is profit.
  • 00:19:01
    Management has to make sure that organization makes sufficient profit.
  • 00:19:07
    So first there will be survival.
  • 00:19:09
    We will move a little ahead of survival.
  • 00:19:10
    There will be profit.
  • 00:19:11
    Now when the profit is happening.
  • 00:19:12
    Then a business will have to make a big business.
  • 00:19:15
    I will also have to make my business bigger.
  • 00:19:17
    So we need growth.
  • 00:19:19
    1 to 2 branches.
  • 00:19:20
    1 to 2 employees.
  • 00:19:21
    1 to 2 products.
  • 00:19:22
    So there should be expansion.
  • 00:19:24
    There should be diversification too.
  • 00:19:25
    Growth.
  • 00:19:26
    Organization must grow and expand in the long run.
  • 00:19:31
    So what will be the objectives of an organization for itself?
  • 00:19:37
    Survival, profit, growth.
  • 00:19:39
    What will he say?
  • 00:19:40
    What objectives have he got?
  • 00:19:42
    Organizational objectives.
  • 00:19:43
    Understood.
  • 00:19:44
    Very simple.
  • 00:19:45
    We will revise in a very simple way.
  • 00:19:47
    We will read a lot.
  • 00:19:48
    Those who are reading for the first time will also enjoy.
  • 00:19:50
    Right?
  • 00:19:50
    What comes next?
  • 00:19:52
    Sir, what to do for the society?
  • 00:19:54
    What to do for the society?
  • 00:19:55
    Tell me, what does a business do for the society?
  • 00:19:58
    First of all, give a good product at genuine prices.
  • 00:20:03
    Should I give a good product at genuine prices?
  • 00:20:05
    Do not do fake advertisement.
  • 00:20:07
    Do not do false advertisement in any way.
  • 00:20:10
    Do not create pollution.
  • 00:20:12
    Plant trees.
  • 00:20:14
    Right?
  • 00:20:15
    Do not exploit the consumer in any way.
  • 00:20:17
    All these children have objectives towards our society.
  • 00:20:22
    You are working for the society.
  • 00:20:24
    Because the business is running only from the society.
  • 00:20:26
    If there is no society, then how will the business run?
  • 00:20:28
    So see what is written.
  • 00:20:30
    Creation of benefits for the society.
  • 00:20:32
    Giving employment opportunities.
  • 00:20:34
    Giving basic amenities.
  • 00:20:36
    Like schools and crutches to employees.
  • 00:20:38
    Right?
  • 00:20:39
    So all these are working for the social society.
  • 00:20:43
    Social objectives.
  • 00:20:44
    Personal for my own employees.
  • 00:20:46
    What to do for my own employees?
  • 00:20:49
    Giving them a good salary.
  • 00:20:51
    Giving them recognition.
  • 00:20:53
    That is, giving respect.
  • 00:20:54
    Giving them good respect in the organization.
  • 00:20:57
    Along with that, their personal growth and development.
  • 00:21:00
    That is, doing their training.
  • 00:21:01
    Giving them promotion.
  • 00:21:03
    What is our objective, child?
  • 00:21:06
    This is our personal objective.
  • 00:21:09
    So let's do one thing once.
  • 00:21:12
    Come on, let's go quickly.
  • 00:21:13
    And here it is written.
  • 00:21:18
    Nature and significance of management.
  • 00:21:25
    Should I tell you one more thing?
  • 00:21:27
    Should I tell you?
  • 00:21:28
    I have also put short charts to do revision in the description.
  • 00:21:32
    If you open the link, you will also get small charts.
  • 00:21:35
    It will be a great revision.
  • 00:21:36
    You don't have to worry at all.
  • 00:21:38
    You just have to study hard.
  • 00:21:39
    I will do the rest of the work.
  • 00:21:41
    Don't worry.
  • 00:21:43
    The meaning of management.
  • 00:21:46
    Read it.
  • 00:21:48
    Effectiveness versus efficiency.
  • 00:21:51
    Write it in full form.
  • 00:21:52
    Effectiveness, time, efficiency, cost.
  • 00:21:54
    Read it.
  • 00:21:57
    Functions of management.
  • 00:21:59
    Read it.
  • 00:22:00
    Post DC.
  • 00:22:03
    There are also 5 chapters on 5.
  • 00:22:04
    We will read in great detail.
  • 00:22:08
    Features or characteristics of management.
  • 00:22:11
    Read all 7.
  • 00:22:13
    Goal oriented, pervasive, continuous, dynamic, multidimensional, group
  • 00:22:19
    activity, intangible.
  • 00:22:21
    Read everything.
  • 00:22:23
    Objectives.
  • 00:22:27
    Which are they?
  • 00:22:29
    Organizational, social, personal.
  • 00:22:32
    And in this, survival, profit, growth.
  • 00:22:35
    Done?
  • 00:22:36
    Come on, let's go ahead.
  • 00:22:38
    Take a screenshot.
  • 00:22:39
    Or I will take a screenshot at the last.
  • 00:22:43
    Now we have the importance of management.
  • 00:22:48
    Why is management important?
  • 00:22:50
    What will happen with good management?
  • 00:22:52
    It is the easiest.
  • 00:22:53
    Very easy.
  • 00:22:55
    The organization that will have good management.
  • 00:22:59
    Will its group goals be achieved?
  • 00:23:01
    Group goals mean organizational goals too.
  • 00:23:04
    Personal goals too.
  • 00:23:05
    Social goals too.
  • 00:23:07
    All the goals will be fulfilled.
  • 00:23:08
    So see it is very clear.
  • 00:23:10
    Teamwork, coordination is made in good management.
  • 00:23:13
    So all your group goals.
  • 00:23:16
    A good management ensures the achievement of group goals.
  • 00:23:19
    Your goals will be fulfilled.
  • 00:23:21
    Second.
  • 00:23:22
    Will personal objectives also be fulfilled?
  • 00:23:25
    If you have done good management.
  • 00:23:27
    So you also take care of your employees.
  • 00:23:29
    You also train them time to time.
  • 00:23:31
    You also give them recognition.
  • 00:23:32
    You also give them a good salary.
  • 00:23:34
    You also give them time to time bonus, commissions, multiple gifts.
  • 00:23:38
    So you are also taking care of your employees.
  • 00:23:40
    So good management will achieve group goals.
  • 00:23:44
    Along with that, it will also fulfill personal objectives.
  • 00:23:47
    Will a good management also help in the development of society?
  • 00:23:51
    You will give good quality products.
  • 00:23:53
    Your business will grow.
  • 00:23:55
    So you will also provide employment to a lot of people.
  • 00:23:59
    A lot of people will be able to do business by joining you.
  • 00:24:01
    A lot of people will become a part of your organization.
  • 00:24:04
    Will do good things for the society.
  • 00:24:07
    So when I used to teach alone first.
  • 00:24:10
    So I could reach some children.
  • 00:24:12
    Now when a lot of team has come.
  • 00:24:14
    So how many children are we able to reach?
  • 00:24:17
    How many children are made for the benefit of this GNG series?
  • 00:24:20
    So as a team.
  • 00:24:22
    Are we doing a lot for society too?
  • 00:24:25
    Right?
  • 00:24:25
    Because in our mind, generating any revenue from this GNG.
  • 00:24:29
    Is not our objective.
  • 00:24:31
    This GNG series takes so much effort.
  • 00:24:33
    I do videos all night.
  • 00:24:35
    What is the purpose behind this?
  • 00:24:37
    That the child remembers.
  • 00:24:39
    That yes, our big brother.
  • 00:24:41
    Made such a great series for us that it was fun.
  • 00:24:45
    So what was it?
  • 00:24:46
    Development of the society.
  • 00:24:48
    Understood three important things.
  • 00:24:49
    Group goals will be fulfilled.
  • 00:24:51
    Personal objectives will be fulfilled.
  • 00:24:52
    Development of the society will happen.
  • 00:24:54
    Along with that.
  • 00:24:55
    Does good management make a dynamic organization?
  • 00:24:59
    Now see if my management is good.
  • 00:25:01
    So I am able to change my team according to the time.
  • 00:25:04
    I am telling my team that last year it was not fun.
  • 00:25:07
    This year we will do better.
  • 00:25:08
    What is left in this year, next year we will do better.
  • 00:25:11
    We will do it until we do not reach the best peak.
  • 00:25:15
    So a good management ensures dynamic organization.
  • 00:25:18
    Because you will not change with time.
  • 00:25:20
    So someone or the other will go ahead.
  • 00:25:22
    You will be left behind.
  • 00:25:23
    Now we are not made to stay behind.
  • 00:25:26
    So dynamic will have to be made.
  • 00:25:28
    So the simple meaning of dynamic is.
  • 00:25:30
    A good management helps you to change yourself with time.
  • 00:25:35
    Last management increases efficiency.
  • 00:25:39
    When your management will be good.
  • 00:25:42
    Then the wastage will be less.
  • 00:25:44
    Brother, if my management is bad.
  • 00:25:46
    Then the wastage will be more.
  • 00:25:47
    Good management is that the wastage will be less.
  • 00:25:49
    Where the wastage is less.
  • 00:25:51
    There is less expenditure.
  • 00:25:53
    Where the wastage is more.
  • 00:25:55
    There is more expenditure.
  • 00:25:56
    It is a simple thing.
  • 00:25:56
    Things are wasted.
  • 00:25:57
    Resources are wasted.
  • 00:25:59
    Electricity is being wasted.
  • 00:26:00
    Water is being wasted.
  • 00:26:01
    So there will be more expenditure.
  • 00:26:02
    Where the management is good.
  • 00:26:04
    Will the wastage be less there?
  • 00:26:05
    If the wastage is less, then efficiency will come.
  • 00:26:08
    At least work in expenditure.
  • 00:26:10
    If work is done on time, then effectiveness will also come.
  • 00:26:12
    Why is management important?
  • 00:26:14
    5 things.
  • 00:26:15
    Group goals will be fulfilled.
  • 00:26:17
    Personal objectives will be fulfilled.
  • 00:26:20
    Development of the society will happen.
  • 00:26:23
    Efficiency will increase.
  • 00:26:25
    Dynamic organization will be formed.
  • 00:26:28
    Did you understand in a good way?
  • 00:26:30
    Come on, take a screenshot quickly.
  • 00:26:31
    And quickly take a revision of this too.
  • 00:26:34
    Done Sir.
  • 00:26:35
    Come.
  • 00:26:37
    Now coming kids.
  • 00:26:38
    The most important topic of this chapter.
  • 00:26:42
    Nature of Management.
  • 00:26:45
    What do I consider management?
  • 00:26:48
    What do I consider management?
  • 00:26:50
    Is management a science?
  • 00:26:52
    Is management a profession?
  • 00:26:54
    Is management an art?
  • 00:26:57
    Some people say science.
  • 00:26:58
    Some people say profession.
  • 00:27:00
    Some people say art.
  • 00:27:01
    So if it comes in the exam.
  • 00:27:03
    Sir, is management a science?
  • 00:27:05
    What will I say?
  • 00:27:06
    Sir, is management a profession?
  • 00:27:08
    What will I say?
  • 00:27:09
    Is management an art?
  • 00:27:11
    What will I say?
  • 00:27:12
    So the answer to all those things.
  • 00:27:14
    Will get in this question.
  • 00:27:15
    Let's see.
  • 00:27:17
    First of all, let's talk about science.
  • 00:27:21
    To connect with science, let's first know about science.
  • 00:27:26
    Sir, we are commerce people, why should we study science?
  • 00:27:28
    Hey, stupid, read it.
  • 00:27:30
    Read a little, read a little.
  • 00:27:32
    Let's see what are the three features of science.
  • 00:27:36
    Remember the three features of science.
  • 00:27:38
    First of all, science is a systematic body of knowledge.
  • 00:27:45
    Sir, what does a systematic body of knowledge mean?
  • 00:27:48
    Means there are proper theories, which have been derived in a very systematic
  • 00:27:52
    way.
  • 00:27:54
    It has been arranged in a very systematic way.
  • 00:27:57
    It is taught in a very systematic way.
  • 00:27:59
    So there is a proper theory, whose examples are also there, which are also
  • 00:28:02
    taught practically.
  • 00:28:04
    So science is a systematic body of knowledge.
  • 00:28:07
    The thing is right, this is what happens.
  • 00:28:10
    Second, science is based on observation.
  • 00:28:15
    Brother, when the apple fell from above, then observe that yes, who observed
  • 00:28:20
    it?
  • 00:28:20
    Who did the apple fall on?
  • 00:28:21
    Write in the comment section.
  • 00:28:23
    See how much science you remember.
  • 00:28:24
    Who did the apple fall on?
  • 00:28:26
    Some children say, Sir, if the tree had fallen instead of the apple, then the
  • 00:28:29
    matter would have ended.
  • 00:28:30
    Oh yes, man.
  • 00:28:32
    If the tree had fallen, then the matter would have ended.
  • 00:28:34
    But the apple fell.
  • 00:28:36
    Then it was observed that where did this apple come from?
  • 00:28:38
    You have to use your brain.
  • 00:28:40
    Now the apple fell, the mango could have fallen, the pineapple, the coconut
  • 00:28:44
    would have fallen.
  • 00:28:45
    Leave it.
  • 00:28:47
    Multiple things can happen.
  • 00:28:49
    But a thought was put, a thought was put in making a law.
  • 00:28:52
    Isn't it?
  • 00:28:53
    That gravity is falling from above.
  • 00:28:55
    So somewhere from observation, after that they must have experimented again and
  • 00:29:00
    again.
  • 00:29:00
    I don't know what they must have thrown from above.
  • 00:29:02
    There must have been a lot of experimentation.
  • 00:29:04
    So all the principles are there, as I told you in the beginning, there is a
  • 00:29:07
    systematic body of knowledge.
  • 00:29:08
    So somewhere there has been a study, there are principles.
  • 00:29:11
    All that is based on observations and experimentation.
  • 00:29:14
    The third thing is universal application.
  • 00:29:17
    India, China, Japan, Pakistan, Australia, South Africa, West Indies.
  • 00:29:23
    We are taking the names of all the cricket nations.
  • 00:29:26
    This will happen everywhere.
  • 00:29:28
    If the apple falls, it will fall down.
  • 00:29:29
    It won't happen anywhere that the apple falls up.
  • 00:29:32
    This does not happen.
  • 00:29:33
    Universally applicable.
  • 00:29:34
    All the principles of science you will read, will be universally applicable.
  • 00:29:39
    Now let's meet the management.
  • 00:29:41
    Is there a systematic body of knowledge in management too?
  • 00:29:44
    Is there such a theory in management too?
  • 00:29:47
    All such experiments.
  • 00:29:50
    Are there such things?
  • 00:29:51
    Yes, there is also in management.
  • 00:29:53
    We will also read chapter 2 in management.
  • 00:29:55
    Principles of Management, which Taylor and Fayol have given, they are all made
  • 00:29:58
    with a lot of thought.
  • 00:30:00
    So there too we see that there is a systematic body of knowledge.
  • 00:30:03
    So see what he is saying.
  • 00:30:04
    Like science, management is also a systematic body of knowledge which has its
  • 00:30:08
    own theories and principles.
  • 00:30:10
    Now are the principles of management also based on observations and
  • 00:30:15
    experimentations?
  • 00:30:17
    The thing is right.
  • 00:30:18
    What Fayol and Taylor told about management, that how discipline should be,
  • 00:30:23
    there should be equity in an organization, there should be a proper place for
  • 00:30:28
    everything and everyone in an organization.
  • 00:30:30
    How did he tell all this?
  • 00:30:31
    He told all this by observing people.
  • 00:30:34
    But this observation was very difficult.
  • 00:30:37
    This experimentation was very difficult because every human is different.
  • 00:30:41
    Now I am teaching.
  • 00:30:42
    Some children will understand with absolute clarity.
  • 00:30:44
    Some will take a little time.
  • 00:30:46
    Some will understand when they read.
  • 00:30:48
    So little time, little difference will come.
  • 00:30:51
    Everything is different.
  • 00:30:53
    So what did he say here?
  • 00:30:54
    Like science, the principles of management are also based on observations and
  • 00:30:59
    experiments.
  • 00:31:00
    But management deals with human beings.
  • 00:31:03
    So the outcome is that they cannot predict accurately.
  • 00:31:08
    Does it mean that every person will react the same way?
  • 00:31:10
    It is not like that.
  • 00:31:11
    Every individual is different.
  • 00:31:13
    Everyone's understanding attention span is different.
  • 00:31:15
    Everyone's understanding time is different.
  • 00:31:17
    So every person is different.
  • 00:31:18
    So will the result be the same?
  • 00:31:20
    Do not know anything.
  • 00:31:21
    Third, are the principles of management also universally valid?
  • 00:31:26
    What was said once, in every organization, in every house, will it work the
  • 00:31:30
    same way?
  • 00:31:30
    No.
  • 00:31:31
    You have to modify.
  • 00:31:33
    It won't work the same.
  • 00:31:34
    The rules and regulations of every organization are different.
  • 00:31:37
    The people working in every organization are different.
  • 00:31:40
    In every organization, people of different ways are sitting in different
  • 00:31:43
    positions.
  • 00:31:45
    So how can everyone be the same?
  • 00:31:47
    So this also does not seem exactly in management.
  • 00:31:50
    So what are you saying?
  • 00:31:51
    Principles of management have to be modified.
  • 00:31:53
    You have to change.
  • 00:31:55
    So the application is not universal.
  • 00:31:58
    So sir, this is matching.
  • 00:32:00
    This is happening, but the outcome will not be the same.
  • 00:32:03
    This is not happening.
  • 00:32:04
    So should I call management science?
  • 00:32:06
    No.
  • 00:32:07
    So what will we say?
  • 00:32:08
    Management is not an exact science.
  • 00:32:11
    Management is a science, but not an exact science.
  • 00:32:15
    It is not exact.
  • 00:32:16
    Why?
  • 00:32:17
    We will write these three reasons.
  • 00:32:19
    Done kids.
  • 00:32:20
    So if someone asks you, is management science?
  • 00:32:22
    Then you will say, it is social science.
  • 00:32:24
    Or inexact science.
  • 00:32:26
    Done?
  • 00:32:27
    Take a screenshot.
  • 00:32:33
    Take sir.
  • 00:32:35
    Now let's come to profession.
  • 00:32:37
    Is management a profession?
  • 00:32:40
    Can management be considered as a profession?
  • 00:32:43
    Now sir, first tell me what is a profession?
  • 00:32:46
    Do you consider a doctor to be a profession?
  • 00:32:48
    That is, a doctor is a profession.
  • 00:32:50
    Do you consider teachers to be a profession?
  • 00:32:52
    That is, teaching is also a profession.
  • 00:32:54
    Do you consider lawyers to be a profession?
  • 00:32:57
    Lawyers are also in a profession.
  • 00:32:59
    All our service providers are called professionals.
  • 00:33:03
    Now what are the characteristics of a professional or a profession?
  • 00:33:08
    First of all, it also has a well-defined body of knowledge.
  • 00:33:12
    Well-defined body of knowledge means there are proper books here too.
  • 00:33:17
    It has been properly defined that if you want to become a professional, then
  • 00:33:20
    you need this much knowledge.
  • 00:33:22
    So first of all, a proper definition of knowledge is given here for the
  • 00:33:28
    profession.
  • 00:33:29
    Second, there is restricted entry.
  • 00:33:32
    Restricted entry means that not everyone can achieve it very easily.
  • 00:33:38
    Like what happens in business that my dad has a shop.
  • 00:33:41
    Dad retired, I sat in that shop.
  • 00:33:43
    But this does not happen in teaching.
  • 00:33:45
    If I retire, then will anyone come in my place and start teaching like this?
  • 00:33:50
    Or will he also have to take some qualification first?
  • 00:33:53
    You will have to clear some exam.
  • 00:33:55
    You will have to learn some skill.
  • 00:33:56
    That's why you will study.
  • 00:33:58
    Or if someone is a doctor, then will his son become a doctor?
  • 00:34:01
    Is there any surety?
  • 00:34:02
    Or when that doctor retires, he will say that my son is a doctor from tomorrow.
  • 00:34:06
    It will not work.
  • 00:34:06
    Entry is not free.
  • 00:34:08
    He will have to clear the exam first.
  • 00:34:09
    There is restricted entry.
  • 00:34:11
    So first of all, well-defined body of knowledge, then restricted entry, then
  • 00:34:18
    professional association.
  • 00:34:20
    This is also important.
  • 00:34:22
    Children of every profession have a professional association.
  • 00:34:27
    Association means a body which controls that profession well.
  • 00:34:32
    Like Bar Council of India for lawyers.
  • 00:34:35
    Will make all the rules and regulations.
  • 00:34:38
    Medical Council of India for Doctors.
  • 00:34:40
    In this way, every profession has some or the other association which makes a
  • 00:34:46
    code of conduct for all the professionals of that particular profession.
  • 00:34:52
    Makes all the rules and regulations.
  • 00:34:55
    They will follow whatever the association says.
  • 00:34:57
    So there will be knowledge, entry will be restricted, association will be
  • 00:35:01
    there.
  • 00:35:02
    No.
  • 00:35:02
    4 The code of conduct they have will be ethical.
  • 00:35:06
    Ethical means they have to work in ethics.
  • 00:35:09
    Now you will see that teaching is a noble profession.
  • 00:35:12
    It has an ethics.
  • 00:35:13
    You have to work in ethics.
  • 00:35:15
    You don't do anything in it.
  • 00:35:18
    This is an ethical profession.
  • 00:35:19
    In the same way, you look at doctors, you look at lawyers, you will see that
  • 00:35:24
    everyone works in ethics.
  • 00:35:26
    Every profession has a code of conduct which teaches that ethics are first for
  • 00:35:31
    you.
  • 00:35:31
    Ethics means moral values.
  • 00:35:33
    That is first.
  • 00:35:34
    No.
  • 00:35:34
    5 Service motive.
  • 00:35:36
    Mainly all the professionals, you will have to serve their motive.
  • 00:35:41
    All the service providers will be there.
  • 00:35:44
    No one will be selling things.
  • 00:35:46
    Everyone will be trying to develop society with their services.
  • 00:35:51
    So there is a service motive in the profession.
  • 00:35:54
    Is all this in management?
  • 00:35:56
    Is management a well-defined body of knowledge?
  • 00:35:59
    Yes, sir, this is.
  • 00:36:00
    There are proper books in management.
  • 00:36:02
    There is proper knowledge.
  • 00:36:03
    Everything is there.
  • 00:36:03
    The thing is right.
  • 00:36:04
    Is there a restricted entry in management?
  • 00:36:07
    Do you have to study like this Sir, it has to be done these days.
  • 00:36:12
    Companies say, do your MBA.
  • 00:36:14
    So we will say, yes man, now it is changing.
  • 00:36:17
    My country is changing.
  • 00:36:18
    It wasn't before.
  • 00:36:19
    Before, they used to become managers like this.
  • 00:36:21
    But these days, we are moving towards restricted entry.
  • 00:36:24
    Not all organizations ask for it now.
  • 00:36:26
    But majority organizations say, do your MBA first.
  • 00:36:29
    Isn't it?
  • 00:36:30
    Is there a professional association of management?
  • 00:36:33
    So we are saying, there are some associations.
  • 00:36:36
    Like AIMA.
  • 00:36:37
    The All India Management Association.
  • 00:36:41
    But now, all the managers are not its part.
  • 00:36:44
    So now it is and not.
  • 00:36:47
    Then is there an ethical code of conduct?
  • 00:36:49
    Is there such a code of conduct in management?
  • 00:36:52
    Do you have to follow ethics?
  • 00:36:54
    It has to be done.
  • 00:36:55
    But who makes this code of conduct?
  • 00:36:57
    The association makes it.
  • 00:36:58
    But all the managers of the association are not its part.
  • 00:37:01
    So their code of conduct is also not well-defined.
  • 00:37:03
    So it will happen, but it will take time.
  • 00:37:06
    After that, what is the service motive?
  • 00:37:08
    Is it their main objective to serve the society?
  • 00:37:12
    Sir, it also happens in management that we have to give our best.
  • 00:37:16
    But, the objective can also be profit maximization.
  • 00:37:20
    But still, from the point of view of the manager, his first objective is to
  • 00:37:23
    serve.
  • 00:37:24
    So somewhere, this point is also there and not.
  • 00:37:26
    So if we look at all the pointers, then it is quite similar.
  • 00:37:31
    But they are not able to execute 100% yet.
  • 00:37:35
    So what do we say?
  • 00:37:35
    Management does not meet the exact criteria.
  • 00:37:38
    Now the entire 100% of the profession is not meeting the criteria.
  • 00:37:42
    Management is a profession.
  • 00:37:44
    But it is not full-fledged yet.
  • 00:37:46
    It will take some time for it to be full-fledged.
  • 00:37:48
    Right?
  • 00:37:49
    Take a screenshot, kid.
  • 00:37:51
    Now, we have confused two people far away.
  • 00:37:54
    First of them, who believed in management, Science.
  • 00:37:57
    I told you, it is science.
  • 00:37:59
    But is it inexact or social science?
  • 00:38:01
    Second of them, who believed in management, Profession.
  • 00:38:04
    I told you, management is not a profession right now.
  • 00:38:09
    Now come our third people, who say that, is management an art?
  • 00:38:15
    Should I consider management as an art?
  • 00:38:17
    So first of all, let's see what happens in art.
  • 00:38:20
    So first of all, kids, in an art, there is theoretical knowledge.
  • 00:38:26
    Sir, who is called an artist?
  • 00:38:27
    You understand an artist, right?
  • 00:38:29
    There is a dancer, there is a guitarist, there is a singer.
  • 00:38:35
    So everywhere, there is some art.
  • 00:38:38
    Everywhere, there is a theory first.
  • 00:38:40
    For a dancer, there is a theory, there are basics, which will be taught first.
  • 00:38:44
    They will all be the same.
  • 00:38:45
    Right?
  • 00:38:46
    If someone wants to become a singer, then first of all, the basics will be
  • 00:38:48
    taught the same.
  • 00:38:49
    So wherever there is an art, then behind every art, there are some basics,
  • 00:38:53
    which are the same.
  • 00:38:54
    They are called theoretical knowledge.
  • 00:38:56
    So in art, first of all, there is theoretical knowledge.
  • 00:38:59
    Then, there is personalized application.
  • 00:39:04
    What does personalized application mean?
  • 00:39:06
    Everyone applies that theory according to their own.
  • 00:39:09
    Everyone is given the same knowledge.
  • 00:39:12
    Everyone applies differently.
  • 00:39:13
    For example, I consider teaching as an art.
  • 00:39:16
    Yes, it is a profession.
  • 00:39:18
    But it is an art.
  • 00:39:19
    Now business studies, everyone was taught the same.
  • 00:39:21
    Theoretical knowledge was the same.
  • 00:39:23
    But how to express it, with which example, which thing, where to explain to the
  • 00:39:27
    child.
  • 00:39:27
    This is your own application or not.
  • 00:39:30
    It is a personalized application.
  • 00:39:32
    Third, it is based on practice and creativity.
  • 00:39:36
    Practice means, the older you get, the more perfection will come in your work.
  • 00:39:44
    The more times you have done that work, the more creative you will be.
  • 00:39:48
    The more beautiful you will be, the better you will be in your work.
  • 00:39:51
    So GNG was also the result of my creativity.
  • 00:39:55
    The more I got creative, the more things came out for the children.
  • 00:39:59
    So in art, there will be a theoretical knowledge.
  • 00:40:02
    That knowledge will have its own application.
  • 00:40:05
    And then, on whom is it based from there?
  • 00:40:07
    On practice and creativity.
  • 00:40:09
    Does this happen in management too?
  • 00:40:11
    Is there theoretical knowledge for the manager too?
  • 00:40:13
    Yes, sir.
  • 00:40:14
    We are studying management, so this theoretical knowledge is there.
  • 00:40:17
    This is matched.
  • 00:40:18
    That is, there is a lot of literature available in management too.
  • 00:40:22
    Next, does every manager have its own application?
  • 00:40:25
    Yes, sir.
  • 00:40:26
    This is also right.
  • 00:40:27
    Every company has different managers.
  • 00:40:29
    Due to some manager, the company sinks.
  • 00:40:31
    Due to some manager, the company moves forward.
  • 00:40:34
    From the same situation.
  • 00:40:35
    So that means, a manager uses his own knowledge in a personalized and unique
  • 00:40:38
    way.
  • 00:40:40
    Third, is the knowledge of the manager also based on his practice and
  • 00:40:45
    creativity?
  • 00:40:47
    This is also right.
  • 00:40:48
    This is also the case in management.
  • 00:40:50
    A manager gradually gains experience.
  • 00:40:52
    How does he gain?
  • 00:40:53
    By doing regular practice.
  • 00:40:54
    And it keeps getting effective.
  • 00:40:56
    So did management become art?
  • 00:40:58
    This is right.
  • 00:41:01
    Everything is matched.
  • 00:41:03
    So can sir call management as art?
  • 00:41:06
    The answer is yes.
  • 00:41:08
    Management is an art.
  • 00:41:10
    So what is management?
  • 00:41:11
    Management is not science.
  • 00:41:13
    It is not a profession either.
  • 00:41:15
    But art is.
  • 00:41:16
    Management is a complete art, kids.
  • 00:41:19
    Done, sir.
  • 00:41:20
    Take a screenshot of this too quickly.
  • 00:41:21
    Now the level of management is coming.
  • 00:41:29
    How many levels are there in a management?
  • 00:41:32
    First of all, in any organization, I am talking about any company specifically.
  • 00:41:38
    In the company, who is the owner?
  • 00:41:40
    Shareholder.
  • 00:41:41
    Who bought the shares.
  • 00:41:43
    Like you buy the share of Reliance, buy the share of HDFC, buy the share of
  • 00:41:46
    ITC.
  • 00:41:47
    You will become an owner.
  • 00:41:48
    But you are not in management.
  • 00:41:51
    Isn't it?
  • 00:41:52
    You are an owner.
  • 00:41:52
    You are the owner.
  • 00:41:53
    You are the owner.
  • 00:41:54
    But you don't manage.
  • 00:41:56
    Yes, you will definitely get voting rights.
  • 00:41:58
    But still, the daily policies that have to be made, decision making has to be
  • 00:42:01
    done.
  • 00:42:02
    All of them are done by people sitting at different levels.
  • 00:42:05
    Now how many levels are there in management, sir?
  • 00:42:08
    There will be three levels, son.
  • 00:42:09
    One which is at the top, top level, absolutely supreme people, CEO, CFO, COO,
  • 00:42:16
    President, Vice President, sat at the top.
  • 00:42:18
    They are called top level.
  • 00:42:20
    Middle level.
  • 00:42:21
    There are middle level kids who will come below them.
  • 00:42:24
    Boss of their own department.
  • 00:42:26
    Head of production, production manager.
  • 00:42:28
    Head of sales, sales manager.
  • 00:42:30
    Similarly, Head of HR, HR manager.
  • 00:42:33
    Every department's own manager will come in the middle level.
  • 00:42:37
    Who are below them who are working for them and make them work with workers.
  • 00:42:42
    Who makes them work with workers?
  • 00:42:44
    Supervisor, foreman.
  • 00:42:47
    They all come at the lowest level.
  • 00:42:49
    This is also a part of management.
  • 00:42:50
    So, there will be three levels in management.
  • 00:42:54
    First of all, top level.
  • 00:42:56
    In which these people will come.
  • 00:42:58
    Board of Director, Chairman, General Manager, President, Vice President, CEO,
  • 00:43:01
    CFO, COO.
  • 00:43:04
    Then in the middle level, every department's manager, Purchase Manager, Sales
  • 00:43:08
    Manager, Marketing Manager.
  • 00:43:10
    In the lower level, who will work with workers.
  • 00:43:13
    Supervisor, Superintendent, Foreman.
  • 00:43:15
    They make them work with workers.
  • 00:43:17
    Okay.
  • 00:43:18
    Now see kids, what is authority?
  • 00:43:20
    Authority means powers.
  • 00:43:22
    How will they be distributed?
  • 00:43:23
    Powers are distributed like this.
  • 00:43:25
    He gave him some powers.
  • 00:43:27
    He gave him some powers.
  • 00:43:28
    So, authority goes like this towards the bottom.
  • 00:43:31
    Accountability means answering.
  • 00:43:32
    If he makes a mistake, then he has to answer him.
  • 00:43:35
    If he makes a mistake, then he has to answer him.
  • 00:43:37
    So, accountability goes upwards.
  • 00:43:40
    Accountability means answering.
  • 00:43:41
    If there is a mistake, then who has to answer?
  • 00:43:43
    Authority means who is giving power to whom?
  • 00:43:46
    It goes like this.
  • 00:43:47
    He can't give power to him.
  • 00:43:49
    He will only give him the power that he will give.
  • 00:43:51
    So, first remember this, at which level which people come.
  • 00:43:54
    Okay, I was putting MCQs on my community on a daily basis.
  • 00:44:00
    So, I know where kids make mistakes.
  • 00:44:02
    So, I put it in MCQ that tell me where General Manager works.
  • 00:44:07
    Maximum idiots filled the middle level.
  • 00:44:09
    You will get your number deducted in the boards.
  • 00:44:11
    So, do attend MCQs which I am putting on the community post for you every day.
  • 00:44:16
    Attend in a good way.
  • 00:44:18
    Numbers will not be deducted.
  • 00:44:20
    Okay.
  • 00:44:20
    So, what did I say?
  • 00:44:22
    The way we have these departmental managers here.
  • 00:44:28
    All of them have a general manager.
  • 00:44:30
    He comes up.
  • 00:44:32
    Where does he come?
  • 00:44:32
    He comes up.
  • 00:44:33
    And this is the matter of 12th.
  • 00:44:35
    For CUET and advance level MCQs, I will put it on the CUET channel.
  • 00:44:41
    So, if you don't know, then we also have a CUET channel which will be active
  • 00:44:46
    Means MCQs will be coming on it from today.
  • 00:44:48
    On the community.
  • 00:44:49
    So, very good level MCQs which will be useful in your 12th.
  • 00:44:53
    Will also be useful in your CUET.
  • 00:44:55
    And then CUET classes will also come in it when your boards will be there.
  • 00:44:58
    So, I have made a very great channel.
  • 00:45:01
    Last year also I worked a lot on it for CUET.
  • 00:45:03
    Will do it this year also.
  • 00:45:04
    So, go and subscribe for sure.
  • 00:45:06
    Don't come without subscribing.
  • 00:45:07
    CUET channel.
  • 00:45:09
    Okay.
  • 00:45:09
    This is done, kids.
  • 00:45:10
    I took a screenshot.
  • 00:45:11
    Now see.
  • 00:45:13
    These people are at the top level.
  • 00:45:15
    What is their job?
  • 00:45:17
    Now you think they are so supreme.
  • 00:45:19
    They are sitting at the top.
  • 00:45:20
    What would be their job?
  • 00:45:22
    Son, the main job is theirs.
  • 00:45:23
    What is the job?
  • 00:45:25
    Coordinating the activities of different departments.
  • 00:45:28
    Thinking about welfare and survival of the organization.
  • 00:45:32
    Organization's welfare and survival will think about this only.
  • 00:45:34
    Making policies of the organization.
  • 00:45:37
    Making goals.
  • 00:45:38
    Making strategies.
  • 00:45:40
    Will make this only.
  • 00:45:40
    Taking care of the survival of Framing the overall policies of the
  • 00:45:47
    organization.
  • 00:45:47
    All this is the job of the top level.
  • 00:45:49
    Right?
  • 00:45:50
    So, the top level is mainly responsible for all these tasks.
  • 00:45:54
    Right?
  • 00:45:55
    So, these people are at the top.
  • 00:45:57
    Sitting at the top.
  • 00:45:58
    Sitting at the top.
  • 00:45:59
    Right?
  • 00:46:00
    Take a screenshot quickly.
  • 00:46:01
    Their functions are definitely asked in the exam.
  • 00:46:04
    They will come at the middle level.
  • 00:46:07
    Now what is the job of the middle level?
  • 00:46:09
    Middle level is first of all link.
  • 00:46:11
    Link means it will come in the middle.
  • 00:46:13
    It will come in the middle.
  • 00:46:13
    So, who is the link between?
  • 00:46:15
    Between top level and lower level.
  • 00:46:17
    That is, who connects lower level and top level?
  • 00:46:20
    Middle level does.
  • 00:46:21
    Second, the top level has made policies.
  • 00:46:24
    Who will interpret Who will take it ahead?
  • 00:46:28
    Middle level will take it.
  • 00:46:29
    Top level told them.
  • 00:46:31
    He will take it ahead.
  • 00:46:32
    After that, they make sure that there is proper staff They make sure that
  • 00:46:39
    suppose there is a production manager.
  • 00:46:41
    His job is that there is a full staff in the production department.
  • 00:46:44
    The job of sales is that there is a full staff in the sales department.
  • 00:46:47
    So, there is a full staff in our department or not.
  • 00:46:50
    That is their job.
  • 00:46:51
    After that, all the duties to whom?
  • 00:46:55
    of our department.
  • 00:46:57
    Then cooperate with other departments.
  • 00:47:00
    Right?
  • 00:47:00
    All this is done at the middle level.
  • 00:47:02
    Perform functions.
  • 00:47:03
    Done.
  • 00:47:04
    Sir, what happens at the lower level?
  • 00:47:06
    Lower Remember the other name of the lower level.
  • 00:47:09
    Supervisory level Operational level Right?
  • 00:47:12
    What happens here, kids?
  • 00:47:14
    Here, mainly, what is this?
  • 00:47:19
    They oversee the workers.
  • 00:47:20
    They see the workers whether the workers are working properly or not.
  • 00:47:23
    Is the worker doing any mistake?
  • 00:47:24
    If the worker is doing any work, then keep him properly supervised.
  • 00:47:29
    After that, if there is any problem of the workers, then take it to the top.
  • 00:47:32
    This is their job.
  • 00:47:33
    Serve as a link between the worker and the middle level.
  • 00:47:36
    Whatever resources the worker needs, bring them all.
  • 00:47:39
    Take care of the quality of output.
  • 00:47:41
    Whatever stuff is being made, for its quality.
  • 00:47:45
    So they have to take full care that good quality is being maintained or not.
  • 00:47:50
    Okay kids?
  • 00:47:51
    And lastly, give training to the workers because they are associated with So
  • 00:47:55
    they will train the workers.
  • 00:47:57
    Okay?
  • 00:47:58
    Done, sir.
  • 00:48:01
    Functions, I have already taught you.
  • 00:48:03
    Planning, Organizing, Staffing, Directing, Controlling.
  • 00:48:06
    Take a screenshot of this too.
  • 00:48:08
    We will read this in detail in the rest of the chapters.
  • 00:48:11
    Now kids are coming.
  • 00:48:12
    Coordination.
  • 00:48:13
    Last topic.
  • 00:48:15
    Sir, the chapter is over.
  • 00:48:16
    Yes.
  • 00:48:17
    In this way, all your chapters will end.
  • 00:48:19
    You won't even know.
  • 00:48:21
    Just do daily work.
  • 00:48:23
    Don't miss out classes.
  • 00:48:24
    Right?
  • 00:48:25
    See, what does coordination mean?
  • 00:48:27
    Kids, I will give a very simple example.
  • 00:48:29
    You are watching this video.
  • 00:48:30
    There are two elements in this video.
  • 00:48:33
    There is a video that I am showing you.
  • 00:48:35
    PPT is visible.
  • 00:48:36
    There is an audio that you are able to hear my voice.
  • 00:48:39
    If you think that this voice is even a little two seconds back and forth, your
  • 00:48:43
    mind will not be able to work properly.
  • 00:48:45
    Will not be able to understand.
  • 00:48:46
    Why?
  • 00:48:46
    You will feel that there is no sync.
  • 00:48:48
    Brother, the voice should match with the video.
  • 00:48:52
    My lips are coming, they are moving first and the audio is coming later.
  • 00:48:56
    Won't it be fun?
  • 00:48:57
    So, coordination is needed to work in sync.
  • 00:49:00
    coordination means to be in sync.
  • 00:49:02
    If the audio and video are running together, then the work is going well.
  • 00:49:05
    Right?
  • 00:49:05
    Similarly, there are different departments in an organization.
  • 00:49:09
    Right?
  • 00:49:10
    Production, sales, marketing, HR.
  • 00:49:12
    Is it necessary for all those departments to work in sync?
  • 00:49:16
    If not together, then how will our goals be achieved?
  • 00:49:20
    So, when in an organization all the work of every department is happening in
  • 00:49:25
    sync, this is called coordination.
  • 00:49:28
    Who does coordination?
  • 00:49:30
    A manager will do it.
  • 00:49:31
    So, what is coordination?
  • 00:49:33
    Coordination is the process by which managers synchronize.
  • 00:49:36
    Synchronize means bringing together all the activities that are happening in
  • 00:49:40
    different departments for the achievement of goals.
  • 00:49:44
    Okay?
  • 00:49:44
    Take a screenshot of this.
  • 00:49:48
    What are the characteristics of coordination, son?
  • 00:49:51
    Very simple.
  • 00:49:52
    First of all, it integrates the group efforts.
  • 00:49:57
    What does group efforts mean, children?
  • 00:49:59
    See, many groups are working in our organization.
  • 00:50:02
    Okay?
  • 00:50:03
    Now, bringing those groups together and focusing on the common goal, that is,
  • 00:50:14
    integrating the group efforts.
  • 00:50:16
    The different groups that are working, bringing them together and directing
  • 00:50:20
    them towards a goal.
  • 00:50:22
    a common goal.
  • 00:50:24
    Okay?
  • 00:50:24
    The second is ensures unity of action.
  • 00:50:27
    In an organization, there should be unity.
  • 00:50:29
    There should not be any kind of fight or quarrel.
  • 00:50:32
    You have to make sure that every department is coordinating with the other
  • 00:50:35
    department.
  • 00:50:38
    It is united, not divided.
  • 00:50:40
    So, divided we fall, united we stand.
  • 00:50:43
    So, we should be united.
  • 00:50:45
    That is the work of coordination.
  • 00:50:47
    The third is continuous process.
  • 00:50:49
    It never ends.
  • 00:50:51
    It will start with planning and it will go to controlling.
  • 00:50:53
    First, do planning by making proper coordination.
  • 00:50:56
    Organize do staffing, do directing, do controlling.
  • 00:50:59
    Everything should be in a proper sync.
  • 00:51:01
    One after another will continue.
  • 00:51:03
    So, this is a continuous process.
  • 00:51:05
    After that, pervasive.
  • 00:51:07
    Whether it is a small organization or a big organization, everyone needs
  • 00:51:10
    coordination.
  • 00:51:11
    You think, if the activities will be scattered, some department is working,
  • 00:51:15
    some is not working, then how will our goal be achieved?
  • 00:51:17
    It will not be possible.
  • 00:51:18
    So, what does coordination do first?
  • 00:51:21
    Integrates group efforts.
  • 00:51:23
    It brings the groups together.
  • 00:51:24
    Then what does it do?
  • 00:51:27
    Ensures unity of action.
  • 00:51:29
    There should not be a fight in any department.
  • 00:51:31
    Then, it is continuous.
  • 00:51:32
    It will go on and on.
  • 00:51:34
    It will never end.
  • 00:51:35
    It is pervasive.
  • 00:51:36
    Everyone needs it.
  • 00:51:37
    Every type of organization needs it.
  • 00:51:39
    Then, responsibility of all the managers.
  • 00:51:42
    Every manager has the responsibility that in his organization, there should be
  • 00:51:46
    proper synchronization.
  • 00:51:49
    There should be proper coordination.
  • 00:51:50
    And last, deliberate function.
  • 00:51:52
    Deliberate means that it is not optional.
  • 00:51:56
    It is a very important function that every manager has to perform.
  • 00:52:01
    So, what is written?
  • 00:52:02
    As every manager has to coordinate the efforts in a deliberate manner, it is a
  • 00:52:07
    deliberate function.
  • 00:52:08
    So, what happened?
  • 00:52:09
    Let's revise it once.
  • 00:52:10
    Coordination integrates group efforts.
  • 00:52:14
    Ensures unity of action.
  • 00:52:17
    Continuous, pervasive, deliberate, responsibility of all the managers.
  • 00:52:23
    The last topic comes to us, kids.
  • 00:52:26
    Take a screenshot of this.
  • 00:52:28
    Take it.
  • 00:52:29
    Coordination ultimately says that coordination is not a separate function.
  • 00:52:37
    It is the essence of management.
  • 00:52:39
    Why is it called essence?
  • 00:52:40
    Essence means the most essential element.
  • 00:52:43
    MCQ comes that what is considered Coordination is considered as an essence.
  • 00:52:49
    Essence means the most essential.
  • 00:52:51
    Sir, why the most essential?
  • 00:52:53
    Why coordination is the most essential function of every manager?
  • 00:52:57
    Or why it is the essence of management?
  • 00:53:00
    Why?
  • 00:53:01
    The same thing we saw behind because it is required at every level.
  • 00:53:05
    Whether it is top level, whether it is middle level, whether it is lower level.
  • 00:53:08
    It is required at every level.
  • 00:53:09
    And every function needs it.
  • 00:53:12
    Proper coordination is required In every kind of plan.
  • 00:53:16
    Proper coordination is required in organizing that all the departments we make,
  • 00:53:20
    all the departments we make, all of them should be properly made.
  • 00:53:22
    Properly powers should be distributed.
  • 00:53:24
    In staffing, all the requirements should sync with the quality of person.
  • 00:53:30
    Whatever kind of job it is, there should be a person of that kind to work
  • 00:53:33
    there.
  • 00:53:34
    In this way, children, every function needs coordination and it is required at
  • 00:53:38
    every level.
  • 00:53:39
    That is why we call coordination the essence of management.
  • 00:53:43
    Understood?
  • 00:53:46
    the last one is Importance of Coordination.
  • 00:53:49
    Why is coordination so important?
  • 00:53:52
    No.
  • 00:53:52
    1 says growth in size.
  • 00:53:54
    Growth in size means that as an organization grows, as an organization moves
  • 00:54:01
    forward, the number of employees increases in it.
  • 00:54:05
    See, the number of employees increases, the number of branches increases.
  • 00:54:09
    Now, the more people there are, it is equally important to synchronize them.
  • 00:54:14
    The more people there are, the chances of fights and quarrels increase.
  • 00:54:18
    So, as the organization grows, the chances of disputes increase, the chances of
  • 00:54:22
    fights and quarrels increase.
  • 00:54:23
    So, the manager's duty also increases that he should coordinate very well.
  • 00:54:28
    No.
  • 00:54:28
    2 is Functional differentiation.
  • 00:54:31
    Functional differentiation means that in every organization, departments are
  • 00:54:35
    made on the basis of functions.
  • 00:54:37
    Departments are made on the basis of functions.
  • 00:54:39
    Departments are made on the basis of functions.
  • 00:54:41
    For example, Production Manager and Marketing Manager.
  • 00:54:44
    Production Manager will manage all the production.
  • 00:54:46
    Marketing Manager will manage all the marketing.
  • 00:54:49
    Now, what happens in this scenario?
  • 00:54:52
    The production manager tries to make the goods in some other way.
  • 00:54:58
    And the marketing manager says that I have to do the marketing, the goods will
  • 00:55:01
    not sell, you will make like this.
  • 00:55:04
    Production says that he is teaching us.
  • 00:55:06
    And marketing says that he is teaching us.
  • 00:55:10
    We both are experts.
  • 00:55:12
    No one knows better marketing than me.
  • 00:55:13
    Production says that no one knows better production than me.
  • 00:55:16
    Marketing says that you sit at home.
  • 00:55:18
    So, whenever this kind of functional differentiation happens, the chances of
  • 00:55:22
    fights and quarrels increase.
  • 00:55:24
    That's why coordination is needed.
  • 00:55:25
    It is needed to ensure unity of action among interdependent departments.
  • 00:55:30
    They are dependent on each other.
  • 00:55:32
    If production does not make goods, then what will the marketing market do?
  • 00:55:35
    And if production makes goods, if marketing does not market, then how will it
  • 00:55:38
    sell?
  • 00:55:39
    So, both are dependent on each other.
  • 00:55:40
    They will not work without each other.
  • 00:55:42
    That's why coordination is very important in them.
  • 00:55:45
    So, when there is a group, coordination is needed.
  • 00:55:47
    When there is functional differentiation, coordination is needed.
  • 00:55:50
    And when there is specialization, when you are doing all the work with a
  • 00:55:55
    specialist, that means you have appointed a specialist for every work.
  • 00:56:00
    And the specialists consider themselves supreme.
  • 00:56:03
    They say that no one knows better than us.
  • 00:56:06
    So, when the specialists come to your organization, disputes arise there too.
  • 00:56:12
    Among such people who have been working in your organization for a very long
  • 00:56:15
    time.
  • 00:56:16
    Even if they do not have a degree in that work, but they know everything.
  • 00:56:20
    And now the specialists you have appointed, they say that you do not have a
  • 00:56:23
    degree, so you do not know this.
  • 00:56:24
    So, there are chances of fights and quarrels.
  • 00:56:25
    So, there should not be a dispute here too.
  • 00:56:28
    That's why coordination is needed.
  • 00:56:31
    Coordination helps to reconcile the difference in approach of different
  • 00:56:35
    specialists.
  • 00:56:36
    If there is no fight and quarrel among specialists, then coordination is
  • 00:56:39
    needed.
  • 00:56:40
    So, why coordination is important?
  • 00:56:42
    Number one, growth in size.
  • 00:56:44
    When your organization grows, then there are chances of disputes in that
  • 00:56:48
    scenario.
  • 00:56:49
    That's why coordination is needed.
  • 00:56:51
    Number two, functional differentiation.
  • 00:56:53
    When departments are formed on the basis of different functions in your
  • 00:56:57
    organization, there are disputes in them.
  • 00:56:59
    Coordination is needed for that.
  • 00:57:00
    Third, specialization.
  • 00:57:02
    When specialists come to your organization, then there are chances of fights
  • 00:57:05
    and quarrels.
  • 00:57:06
    Coordination is needed there too.
  • 00:57:09
    Screenshot, done sir.
  • 00:57:13
    Thank you very much to all of you.
  • 00:57:16
    Our chapter number one, one shot, we have finished children.
  • 00:57:20
    It was amazing.
  • 00:57:22
    I enjoyed a lot.
  • 00:57:24
    I hope you enjoyed it too.
  • 00:57:26
    Let's do a small homework.
  • 00:57:28
    Sir, what is that small homework?
  • 00:57:30
    What did we learn after objectives?
  • 00:57:34
    Levels.
  • 00:57:35
    What did we learn after levels?
  • 00:57:36
    Nature.
  • 00:57:39
    What did we learn after nature?
  • 00:57:43
    Importance.
  • 00:57:46
    What did we learn after importance?
  • 00:57:49
    Coordination.
  • 00:57:51
    First of all, you have to remember and complete this chart.
  • 00:57:55
    Write below this.
  • 00:57:56
    What levels and functions are performed?
  • 00:57:58
    Science, art, profession.
  • 00:58:00
    Write everything about it.
  • 00:58:02
    After that, 5 out of 5 importance.
  • 00:58:05
    Then coordination and its importance.
  • 00:58:08
    Prepare the whole chart on one page.
  • 00:58:11
    This will be ready.
  • 00:58:12
    After that, now you will get the accountancy video in a while.
  • 00:58:15
    You have to watch it in a great way.
  • 00:58:19
    Don't miss out.
  • 00:58:20
    Day 1 is over.
  • 00:58:21
    You have a chapter too.
  • 00:58:23
    Remember this chapter well today.
  • 00:58:25
    Do it today.
  • 00:58:26
    Do it all night and sleep.
  • 00:58:28
    It is a hard work of a few days.
  • 00:58:30
    If you do it together, we will break it in a good way.
  • 00:58:33
    Meet me in accounts in a while.
  • 00:58:36
    Let's meet and put a class of Fundamentals of Partnership.
  • 00:58:39
    Thank you so much.
  • 00:58:41
    Keep growing, keep glowing, keep smiling.
  • 00:58:43
    Do share the video with all the kids.
  • 00:58:46
    We have to make this series the biggest series of all time for commerce.
  • 00:58:49
    And we all will do it together.
  • 00:58:51
    Do share the video, like it, comment and break it.
タグ
  • GNG 2.0
  • business studies
  • management
  • confidence
  • study plan
  • coordination
  • objectives
  • functions of management
  • academic performance
  • learning resources