Not only in the field of business but in other field also, has
management come to occupy an
important place. In this reference, it is said that anything minus management is nothing.
The following facts clearly highlight the importance of management.
Management helps in achieving Group goals: it is the most important
characteristics of management that it is goal oriented activity. A manager achieves these
goals by giving proper direction to the efforts of all individuals.Management increases efficiency: a manager increases efficiency through
optimum utilization of all the resources, such as Man, Machine, Material and money.Management creates a Dynamic Organization: to face the changing environment
many changes need to be made in the organization as well. But people resist changes,.
creates a favorable environment through introducing employees to the benefits arising by
adapting changes.Management helps in achieving Personal Objectives: every employee wants to get
suitable remuneration a share in profit, participation in management etc, in the form of
personal objectives. A manager motivates and leads his team in such a manner that
individual members are able to achieve personal goals while contributing to the overall
organization objectives.Management helps in the Development of Society : Management has some
towards society. Managers by fulfilling their social responsibilities help in the
of society. These responsibilities are to provide employment opportunities to prevent
environment from getting pollution, to make available good quality products at a