Business Studies, asked by avikhan, 4 months ago

Meaning of Management and Importance
of
management​

Answers

Answered by pravinaparikh786
0

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. It directs group efforts towards achievement of pre-determined goals.

Answered by melanie20
4

Answer:

Management is an inevitable element for directing and unifying the group efforts towards a common objective. Since the most of the human aims can be well realized only through collective action, management is universally called for in all such organizations of the society.

It provides new ideas, imaginations and visions to the group working so as to account for better results or performances. It ensures a smooth flow of work in the organization by focusing on strong points, neutralizing weak links, overcoming difficulties and establishing team spirit.

IMPORTANCE OF MANAGEMENT

1. Management helps in Achieving Group Goals

2. Management Increases Efficiency

3. Management Creates a Dynamic Organisation

4. Management helps in Achieving Personal Objectives

5. Management helps in the Development of the Society

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