These factors, both internal and external, affect the business to a great extent. Every business functions under some particular conditions. Moving on to the next chapter of business studies NCERT book class 12, students will learn the meaning of a business environment. Furthermore, the detailed analysis of Taylor and Fayol’s scientific principles of management gives an insight into the practical application of management in business. The significant difference between unity of command and unity of direction also constitutes a substantial part of this chapter. It also gives an account of the following nature of the principles of management. Thus, this chapter of business studies 12 NCERT focuses mainly on the principles of management proposed by Fayol and Taylor. For that, any business requires a set of principles or rules. Management plays a crucial role in achieving a business objective. For example, multidimensionality, dynamic function, group activity, intangible forces are some of the traits.Īlso, we get to know about the objective, function, three levels and essence of management in great details from this chapter. Moreover, a careful study of this chapter will reveal several distinct characteristics of management. Hence, they will be able to develop a deeper understanding of management after studying this chapter. Students often think these two terms to be synonymous, which is not true. Along with that, it also differentiates between two important factors of any business, efficiency and effectiveness. The first chapter of class 12 NCERT business studies deals with the fundamental nature of management as science, art and profession.
Reference manager 12 downoad pdf#
Hence, download the book in PDF form today and start learning!Ĭhapter 1: Nature and Significance of Management On top of that, the teachers also follow business studies class 12 book NCERT for their classroom curriculum. NCERT book of BST class 12 provides an insight into the aspects of business and financial management so that students can clear their doubts regarding the subject. Furthermore, students who are interested in entrepreneurship will find NCERT business studies class 12 lessons useful.
The Significance of NCERT Books Class 12 Business Studiesīusiness studies is the subject CBSE 12th Board aspirants have to study to get a firm grip on the various concepts related to managing and developing a business venture.
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