Economy, asked by badarpuraovesh5, 3 months ago

important of management and function​


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Answers

Answered by TulipWine
89

Answer:

  • It helps in Achieving Group Goals
  • Optimum Utilization of Resources
  • Reduces Costs
  • Establishes Sound Organization
  • Establishes Equilibrium
  • Essentials for Prosperity of Society

function:-

  • 1. Planning,

  • 2. Organising,

  • 3. Staffing,

  • 4. Directing, and

  • 5. Controlling.

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Answered by asingh20607
5

important of management :- 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.

Five Functions of Great Management :-

1) Planning

When you think of planning in a management role think about it as the process of choosing appropriate goals and actions to pursue and then determining what strategies to use, what actions to take, and deciding what resources are needed to achieve the goals.

2)Organizing

This process of establishing worker relationships allows workers to work together to achieve their organizational goals.

3)Leading

This function involves articulating a vision, energizing employees, inspiring and motivating people using vision, influence, persuasion, and effective communication skills.

4)Staffing

Recruiting and selecting employees for positions within the company (within teams and departments).

5)Controlling

Evaluate how well you are achieving your goals, improving performance, taking actions. Put processes in place to help you establish standards, so you can measure, compare and make decisions.

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