Question

Discuss the reason for increasing importance of management in modern age

Answer 1

All organizations depend upon group efforts. Group action and joint efforts have become necessary in every walk of life. Management is required wherever two or more people work together to achieve com­mon objectives.

The success in group efforts depends upon mutual cooperation among the members of the group. Management creates teamwork and coordination among specialized efforts.

Management is indispensable in all organizations whether a business firm, a govern­ment, a hospital, a college, a club, etc. Management is a creative force which helps in the optimum utilization of resources.