Importance of management in organization
Answers
1. Management helps in achieving group goal:
Management tries to integrate the objectives of individuals along with organisational goal.
Management directs the efforts of all the individuals in the common direction of acheiving organisation of goal .
2. Management improves efficiency:
Managers try to reduce the cost and improve productivity with minimum wastage of resources. Management insists on efficiency and effectiveness in the work through planning, organising, staffing, directing and controlling.
3. Management creates a dynamic organization:
Organisations have to survive in dynamic environment so managers keep making changes in the organisation to match the environmental changes. The employees in the organisation are generally resistant to change. Efficient management motivates employees to adopt changes willingly by convincing them that change is not only beneficial for organisation but it improves the employee’s work also in the competitive world.
4. Management helps in achieving personal objectives:
An efficient manager is the one who brings maximum prosperity for employer as well as employees. Managers lead the people in such a manner that along with organisational goal individual goal of employees is also achieved.