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In this video we have talked about Chapter 1 of business studies Class 12 - Nature and significance of Management. Each and every topic of this chapter is explained in much detail with suitable examples. About the tutor: Ms. Anshita Jindal is an experiences Business studies Tutor. She is a board topper in her class 12 exams with 98.25% in best four subjects and an alumni of India's No. 1 Commerce College, Shri Ram College of Commerce (SRCC), New Delhi. Don't Forget to Like, Share, Subscribe to our Channel. Also, leave your valuable feedback in the comment section and help us improve our content. 0:00 Introduction 0:44 Management 2:40 Effectiveness vs Efficiency 5:17 Characteristics of Management 15:20 Objectives of Management 20:39 Importance of Management 23:00 Nature of Management 33:40 Levels of Management 38:35 Functions of Management 43:45 Coordination 47:30 Characteristics of Coordination 50:40 Importance of Coordination