Business Studies, asked by abhinav5188, 11 months ago

state any five points which highlights the importance of management​

Answers

Answered by prarthana31
4

Answer:

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Answered by 27maanvi
9

Answer:

  1. Universal Process: Wherever there exists human pursuit, there exists management. Without effective management, the intentions of the organisation cannot be accomplished.
  2. The factor of Production: Equipped and experienced managers are necessary for the utilization of funds and labour.
  3. Goal-Oriented: The most significant aim of all management pursuit is to achieve the purposes of a firm. The aims must be practical and reachable.
  4. Supreme in Thought and Action: Managers set achievable goals and then direct execution on all aspects to achieve them. For this, they need complete assistance from middle and lower degrees of management.
  5. The system of Authority: Well-defined principles of regulation, the regulation of proper power and efficiency at all degrees of decision-making. This is important so that each self must perform what is required from him or her and to whom he must report.
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