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Society, Management and Accounting

Glossary

General Management: Concept, Skills, Levels, Functions, MBO, Decision Making

Paper I · Unit 3 Section 11 of 11 0 PYQs 22 min

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Glossary

# Term (English) Definition Exam Relevance
1 Management Process of planning, organising, staffing, directing, controlling resources to achieve objectives Core definition
2 Efficiency Doing things right — minimum input for given output; means-focused Management concept
3 Effectiveness Doing the right things — achieving intended outcomes; ends-focused Management concept
4 Technical Skills Proficiency in specific work methods/processes; most important at lower management Katz's skills
5 Human Skills Ability to work with and through people; important at all management levels Katz's skills
6 Conceptual Skills Ability to see organisation as a whole and its environmental context; top management Katz's skills
7 Top Management Board, CEO, MD — strategic planning, long-term decisions, policy formulation Management levels
8 Middle Management Department heads, GMs — implement top-level policies, coordinate departments Management levels
9 Lower Management Supervisors, foremen — direct supervision, day-to-day operations Management levels
10 Planning Setting objectives and determining courses of action to achieve them Management function
11 Organising Arranging resources and establishing authority-responsibility relationships Management function
12 Directing Guiding, motivating, and communicating with subordinates Management function
13 Controlling Measuring actual performance, comparing with standards, taking corrective action Management function
14 MBO Management by Objectives — Peter Drucker (1954); jointly set measurable objectives Core MBO definition
15 SMART Objectives Specific, Measurable, Achievable, Relevant, Time-bound objectives MBO principle
16 Satisficing Herbert Simon's concept: choosing the first satisfactory solution under bounded rationality Decision making
17 Bounded Rationality Simon (1955/Nobel 1978): decisions made under limited information, time, and cognitive constraints Decision theory
18 Programmed Decision Routine, repetitive, structured decision handled by rules/procedures; lower level Decision types
19 Non-programmed Decision Novel, unstructured decision requiring managerial judgment; top level Decision types
20 Groupthink Irving Janis (1972): cohesive group suppresses dissent; makes poor decisions Group decision pitfall
21 Scalar Chain Fayol's 9th principle: formal top-to-bottom line of authority Fayol principles
22 Unity of Command Fayol's 4th principle: one employee, one boss; prevents role conflict Fayol principles
23 Span of Control Number of subordinates a manager can effectively supervise (5–8 complex, 15–20 routine) Organisation
24 Delegation Transfer of authority (not responsibility) from superior to subordinate Organisation
25 Decentralisation Systematic delegation throughout organisation; promotes initiative and local adaptability Organisation

Sources: RPSC 2026 Official Syllabus; Peter Drucker, The Practice of Management (1954); Henri Fayol, Administration Industrielle et Générale (1916); Robert Katz, "Skills of an Effective Administrator" (Harvard Business Review, 1955); Herbert Simon, Administrative Behavior (1947, 1955); Henry Mintzberg, The Nature of Managerial Work (1973); RPSC Mains PYQ 2021 and 2023.