FINAL EXAM GAP REVISION WITH NCERT KEY WORDS | BUSINESS STUDIES BOARD EXAM 2025 | CH 1TO 3

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Topics Covered.
0:00 - Introduction.
01:50 - Management.
02:11 - What is management?
03:17 - Characteristics or features of Management.
09:22 - Objectives of Management.
09:33 - Organisational objective.
10:41 - Social objective.
11:40 - Personal objective.
12:22 - Importance of Management.
14:55 - Nature of Management.
15:44 - Management as a science.
17:05 - Management as an art.
18:46 - Management as a profession.
20:02 - Levels of management and their functions.
21:39 - Keywords Levels of management.
23:30 - Functions of management.
23:40 - Difference between effectiveness and efficiency.
24:30 - Coordination.
26:07 - Nature or features of coordination.
26:50 - Importance of coordination.
27:36 - Principles of Management.
27:42 - Characteristics /nature/ features of management principles.
31:23 - Importance/Significance of Management Principles.
32:26 - Henri Fayol's 14 principles of Management.
33:30 - Division of work.
33:41 - Authority and responsibility.
34:26 - Discipline.
34:45 - Unity of command.
35:27 - Unity of direction (one head/one unit plan).
36:07 - Subordination of individual interest to general interest.
37:10 - Remuneration to persons.
38:01 - Centralisation and decentralisation.
38:36 - Principle of scalar chain.
39:15 - Principle of order.
39:44 - Principle of equity.
40:54 - Stability of tenure of personnel.
41:38 - Initiative.
42:07 - Esprit de corps.
42:40 - Scientific management.
43:03 - Scientific management principles.
43:06 - Science not rule of thumb.
43:55 - Harmony not discord.
45:03 - Corporation not individualism.
45:43 - Keywords.
46:25 - Development of workers to their greatest efficiency.
46:45 - Scientific techniques of Taylor.
46:50 - Functional foremanship.
48:00 - Standardisation & simplification of work.
49:20 - Work study.
49:25 - Fatigue study.
50:01 - Method study.
50:45 - Time study.
51:16 - Motion study.
51:58 - Differential piece wage rate system (strongest motivator).
52:40 - Mental Revolution.
52:55 - Difference between Taylor and Fayol contribution.
54:57 - Business environment.
55:35 - Meaning of Business environment.
55:55 - Features/characteristics nature of business environment.
59:48 - Importance of business environment.
1:00:56 - Dimensions of business involvement.
1:01:32 - Economical environment.
1:02:26 - Social environment.
1:03:56 - Political environment.
1:06:03 - Legal and technological environment.
1:07:35 - Demonetization & Its aim demonetization.

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