Question

discuss the six importance of management
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Answer 1

Answer:

It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. Management converts disorganized resources of men, machines, money etc. ... into useful enterprise.

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Answer 2

1. Management helps in Achieving Group Goals:

Organisation consists of number of persons who work as a group. Management helps in achieving group goals by giving a common direction to the individual effort.

For example, an employee’s objective is to earn maximum wages whereas the organisational objective is to maximize output. Employees can achieve their objectives by maximizing output which helps in the achievement of organisational goal too. This is what management strives to achieve.

2. Management Increases Efficiency:

The main aim of every manager in any organisation is to minimise the cost and to increase the output through effective planning, organising, directing, staffing, controlling etc. Efficiency increases when we use fewer resources (i.e. inputs) and achieve more benefit or output.

In any organisation, input resources are men, money, material and machinery. Management uses these inputs efficiently by properly allocating them to reduce the wastage which ultimately decreases cost and thus leads to higher profits.

3. Management Creates a Dynamic Organisation:

The environment in which an organisation works is subject to continuous changes and the people working in the organisation resist change because they don’t want to move from a familiar and secure environment to a new environment.

4. Management helps in Achieving Personal Objectives:

Management not only helps in achieving the organisational objectives but also the personal objectives of the employees. With the help of self motivation and leadership techniques, management helps individuals to develop spirit of cooperation, commitment and team spirit etc. that help them to achieve their personal goals as well.

5. Management helps in the Development of the Society:

An organisation has many obligations towards different groups that constitute it. The process of fulfilling all the objectives must help in growth and development of the organisation as well as society.

6) Management reduce workload and get things done.

Efficient staffing ensures that work is divided among employees according to the roles they have been assigned. The fact that each one of them is good at what he or she is doing means that work will be completed faster and better. Employees stay happy and motivate as there is no pressure in the workplace.