This document outlines a lesson plan about the need and importance of management. It includes an introductory discussion about a story of a business starting a footwear manufacturing operation. Students then participate in group discussions about how management helps companies minimize costs, meet changes in the market, and contribute to economic growth. The lesson emphasizes that management is needed for optimal resource use, accomplishing goals, reducing costs, adapting to changes, supporting national growth, and ensuring business stability.

1. LESSON TEMPLATE
Topic: NEED AND IMPORTANCE OF MANANGEMENT
Submitted by
FEBA.M.R.
B.Ed Commerce
Reg.No.13 357 002
BNVCTE, Thiruvallam

2. LESSON TEMPLATE
Name of Teacher : FEBA.M.R Standard : XII
Name of the School : Govt.Model HSS, Venganoor Strength : 60
Subject : Business studies Average age : 17 yrs
Unit : Nature and Significance of Management Duration : 45 mts
Topic : Need and Importance of Management Date : 06/09/2014
Content Outline
Content Analysis
Terms
Facts
Management; Need and Importance
Dynamic, Optimum utilization, scarce resources, goals, challenges, cost, national growth,
Stability.
 Management is very essential for successful functioning of an enterprise.
 Management is the dynamic and life giving element in every business
 Management ensures proper use of physical and human resources to get desired result
 Management leads to efficient performance and higher productivity.
 A good Management can utilize the scarce resources efficiently
 By reducing cost and improving efficiency, Management enables an enterprise to face competition and
earn good profits.
 Management enables the enterprise to minimize the risk and maximize the benefits of opportunities.
 Management regarded as an important element in the economic growth of a nation
 Management stabilized fluctuations of the business.

3. Concept
Major
Curricular objectives
Pre requisites
Teaching Learning
Resources
Teaching Learning
Strategies
Reference
 Fluctuation may occur due to changing policy of the government, pressure from competitors, change in
performance of customers.
Need and Importance of Management
1. Optimum utilization of scarce resources
2. Accomplishment of group goals
3. Minimization of cost
4. Meets the challenges in changes
5. Helps in national growth
6. Brings stability in business
To get an idea about the need and importance of management through general discussion, brain storming and
group discussion .
Students should have an idea about the Management in business organization
Usual class room aids
Chart showing regarding the main points of need and importance of Management
General discussion, Brain storming, group discussion
SCERT Source book, +2 Business studies Text book

4. CLASS ROOM INTERACTION PROCEDURE STUDENTS RESPONSE
PHASE 1.INTRODUCTORY PHASE
After the routine classroom practices, teacher begins the class with the general discussion
among the students. Teacher asked some questions relating to management.
Activity 1.(General discussion and story telling)
Teacher tells a story to the students
A group of individuals visited on an Island where the residents use no footwear. A wonderful idea
struck there, why not manufacture footwear suitable for Islanders and promote them among the
residents. They started a manufacturing unit with an initial plan to manufcture20, 000 pairs of
footwear (planning). They purchased necessary material (organizing) and recruited adequate staff
with the required skills to perform various task (Staffing). The owners gave instructions to
maintain quality standard (Directing).All activities were being carried as per plan (controlling). But
the finance was scarce.
After the story teacher ask some questions to students
 How was they invested money?
 What was the main objective of the business?
 What are the factors that resulted in the success if that business
PHASE 2. DEVELOPMENTAL PHASE
Activity 1. (group discussion)
In order to elaborate the need and importance of Management, teacher gave some instructions
about the group discussion then teacher divides the whole class in to four groups and provide
activity sheets regarding the situational task. Allotted time 10 mts
Group 1.
Discuss why Management is important based on the above story?
Listening
To produce footwear
Making profit
Planning, organizing, staffing,directing,
controlling
Listening
Discussing

5. Questions for hint:
 How can they achieve their goals?
 Was finance scare recourse?
 How they utilize their resources?
 How to accomplish the group goals?
Group 2.
Situation: suppose a soft drink company started in Andhrapradesh. The available water is very
hard. So they cannot use directly. The company has two options. First option is buy bottled
water@Rs.10/-. The second option is buy a purifier. if the management is efficient;
Questions:
 Which option they will select?
 Why?
 Do you think management is needed for the minimization of cost?
Group 3:
Situation: Samsung Ltd. Introduced a new smart phone in the market. In the high competitive
world, Nokia ltd wants to challenge the changes. if the management is efficient ;
Questions:
 What they will do for meet the change?
 Can you identify the importance of efficient management?
Group 4:
Situation: Imagine, a textile manufacturing unit established in your village. It has an efficient
management and it runs with profitable manner.
Through proper management
Yes
Maximum utilized
Through Good management
Discussing
2nd option . buy a purifier
To reduce cost
yes
discussing
they will think for making better one
management needed to meet the change
discussing

6. Questions:
 How it beneficial to the society?
 Does it help in industrial and economic growth of the country?
 Can you identify the importance of efficient management?
Group 5:
Situation: suppose a business organization hasn’t sufficient staffs, management, and co
ordination and co operation.
Questions:
 How long the businesses exist?
 Does management needed for the stability of business?
Activity II: (General discussion)
After the group discussion, teacher invites the group leaders to present their discussion points.
That time teacher explains and clarifies their doubts
Concept to be consolidated
Need and Importance of Management
1. Optimum utilization of scarce resources
2. Accomplishment of group goals
3. Minimization of cost
4. Meets the challenges in changes
5. Helps in national growth
6. Brings stability in business
provide employment opportunities
yes
management helps to economic growth
discussing
no more
yes
listening

7. PHASE 3. CONCLUDING PHASE
Teacher concludes the class by repeating the topic the needs and importance of a good and
efficient management.
REVIEW QUESTIONS
 What are the need and significance of management?
 Does management regarded as an element of economic growth?
 How an efficient management utilize the resources?
FOLLOW UP ACTIVITIES
Prepare an assignment on “Need and Importance of Management”.
Listening
Answering
Listening