Question

what is the significance of management in an organisation?​

Answer 1

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.

Management is the art of maximizing efficiency, as a social process, a method of getting things done through others a plan of action and its direction by a co-operative group moving towards a common goal. Effective utilisation of available resources to achieve same objective is management.

Explanation:

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Answer 2

Management is like the soul of a business organization.

Explanation:

1. Management refers to all the activities and functions carried out in an organization to ensure the effective and efficient completion of the tasks.
2. Management is so important in an organization that without management even the basic activities cannot be completed without wastage or confusion.
3. Management is inherent in even the smallest tasks of the business and ensures that the objectives of a firm are achieved in the shortest time duration with minimum wastage.