Question

write five importantance of management ?​

Answer 1

Answer:

Five importance of management are :

1. it directs group efforts towards achievement of pre - determined goals
2. it arranges the factors of production
3. assembles and organises the resources
4. integrates the resources in effective manner to achieve goals
5. it helps in achieving group goals

Answer 2

Explanation:

• Management Helps in Achieving Group Goals : Management is required Not for Itself , but for Achieving the Goals of the Organization . The Task of a Manager is to give a Common Direction to the Individual Effort in achieving the Overall Goal of the Organization.

• Management Increases Efficiency : The Aim of a Manager is to Reduce Costs and Increase Productivity through Better Planning , Organizing, Directing , Staffing and Controlling the Activities of the Organization.

• Management Helps in Achieving Personal Objectives: A Manager Motivates and Leads his Team in such a manner that Individual Members are able to achieve Personal Goals while Contributing to the Overall Organizational Objective . Though Motivation and Leadership the Management helps Individuals to Develop Team Spirit , Co-operation and Commitment to Group Success.

• Management Creates a Dynamic Organization : All Organizations have to Function in an Environment which is Constantly Changing. It is generally seen that Individuals in an Organization resist change as it often means moving from a Familiar , Secure Environment into a Newer and More Challenging One. Management helps People adapt to these changes, so that the Organization is able to Maintain its Competitive Edge.

• Management Helps in the Development of Society : An Organization has Multiple Objectives to Serve the Purpose of the different groups that constitute it.In the Process of Fulfilling all these Management helps in the Development of the Organization and through that it helps in the Development of Society. It helps to provide Good Quality Products and Services , Creates Employment Opportunities, Adopts New Technology for the Greater Good of the People and Leads the Path towards Growth and Development.