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Drucker has summarised the essence of management as “ under developed countries are MEANING/CONCEPT OF MANAGEMENT: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. Report this document. Modern managers face the challenge of sound planning and control in small and relatively simple organizations as well as in large, more complex ones, and in nonprofit organizations. Importance of Management Information System. It tests understanding of key management concepts like objectives, functions, levels of management, internal environment, Here, we are providing the CBSE Class 12 Previous Year Question Paper for Nature & Significance Of Management with solutions PDF to get higher marks in upcomi. Nature of Management Importance of managers in organization • Manager plays very significant role in planning and making decisions of the organization. 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