Download Free PDF of Revision Notes for CBSE Class 12 Business Studies Chapter 2
Revision Notes for Class 12 Business Studies Chapter 2 Principle of Management are provided here as per the new syllabus prescribed by CBSE. The Revision Notes are very helpful for students in their preparation for examinations. Students should go through these important questions of Chapter 2 - Principle of Management with solutions to score better in the exam.
These notes are written by subject experts keeping in mind the CBSE guidelines. Students can download the PDF of NCERT class 12 revision notes of Business Studies chapter 2 free of cost. These notes are written to impart accurate and reliable knowledge to the students free of cost. Students can achieve an in-depth understanding of Principles of Management after going through business studies class 12 chapter 2 revision notes.
In the Chapter Principle of Management, important concepts of Business Studies are discussed. The solutions are prepared by our subject matter experts in easy language so that students can grab the complex concepts of Business Studies easily through solutions.
FAQs on Principles of Management Class 12 Notes CBSE Business Studies Chapter 2 [Free PDF Download]
1. What is the significance of the Principles of Management?
These principles allow the manager to make the correct decisions at the correct time and is a learning process for the manager every time.
It is the responsibility of the manager to ensure the optimum use of all the resources and the workforce to achieve the organisation’s goal.
Decisions made should be scientific meaning they should be free from any personal bias.
Decision-making should be dynamic to ensure proper functioning during changing times.
Employees and managers should undergo proper training from time to time to ensure growth and smooth functioning of the organisation as a whole.
2. What are the Principles of Management developed by Taylor?
Taylor developed a scientific approach in his principles of management.
Any decision that is made should be made with scientific backing and not with a swing and miss method but we still should keep experimenting with new processes to incorporate any better changes.
Employees and employers should work in harmony to achieve the organisation’s goal to encourage respect among each other and eliminate conflicts.
Cooperation is the key to an organisation’s growth and success.
Every employee is important for the organisation and therefore time and effort should be put into improving the efficiency of each individual.
3. Where can you find important questions of Class 12 Business Studies Chapter 2?
You can find chapter-wise important questions in Business Studies on Vedantu. You can visit the Vedantu website (vedantu.com) for chapter-wise important questions of Class 12 Business Studies. These questions have appeared in previous year’s question papers. Along with the questions, you will get detailed answers which will help you to learn and understand the topics thoroughly and also get an idea about how to write the answers in your Class 12 Business Studies board exam easily.
4. What do you mean by management principles?
Management principles are helpful for managers as it allows them to make informed decisions and manage tasks accordingly. It is based on the principles of truth where it performs the role of a guide through which one can brainstorm ideas and thoughts. They can manage it economically, efficiently, and effectively. To survive in this competitive world, principle management plays a major role as it helps in creating a balanced and calculative approach. To revise these concepts, students can download the revision notes free of cost.
5. “Principles of management achieve results economically.” Explain.?
The principle of management sets some goal-oriented objectives. They are appreciated as it involves the strategy of all the employees. When an employee's strategy is involved in decision-making, they get motivated and consider the objective of the company as their objective. This way they give their best to achieve the target and objective. The output they give increases, which decreases the cost per unit which ultimately increases the profit.
6. Are the revision notes for Chapter 2 of Class 12 Business Studies important for students?
Yes, Revision Notes for Chapter 2 of Class 12 Business Studies is important for students as they have to give board exams in Class 12, which is very crucial from a future perspective. Students get into their dream colleges based on their percentage in Class 12. Board examinations are based on NCERT and having all the important questions and notes of this chapter is important to score well in the examination. You can find the revision notes and important questions of Chapter 2 of Class 12 Business Studies on the Vedantu website as well as the app.
7. Explain the principle of unity of direction.
Unity of direction as the name suggests depicts that there should be one senior over a particular objective and the objective should have one plan which should be executed. This unity helps in creating coordination and similar interest of people who are connected with the objective. The basics behind this thinking are that one idea should work for one objective and one person should head over one objective. If there are two different objectives then there should be two different people to head it.