Question

"In the absence of management, the productive resources will remain resorces and shall never become production."Explain the importance of management in the light of the above statement.

Answer 1

Importance 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.