Importance of management for every business organization are:
1.Achieving Group Goals:
The management tries to integrate the objectives of the individuals along with the organizational goal. It directs the efforts of all individuals in the general direction of achieving the organizational goal.
2.Increases Efficiency:
Managers try to reduce costs and improve productivity with minimal waste of resources. Emphasizes efficiency and effectiveness in the work through management planning, organizing, staffing, direction, and control.
