Question

Lack of proper management results in wastage of time, money and effort. Explain the importance of management in the light of this statement. ​

Answer 1

Answer:

Management is the process of organizing,planning,staffing,d directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organization.

Management is the art of getting things done within time and also with formally assigned groups.

Every activity involved in these processes are done to maximize productions at the same time minimizing costs.

Proper management is equated with efficient n effective use of resources.The lack of proper management results in wastage of resources like Time,Money and effort.

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