The importance of management is
(i) Management helps in achieving group goals:
(a)Management is required not for itself but for achieving the goals of the organisation.
(b)The task of a manager is to give a common direction to the individual effort in achieving the overall goal of the organization
(ii) Management increase efficiency:
(a)The aim of the manager is to reduce cost and increase productivity through better planning, organizing, directing, staffing and controlling the activities of the organization
(b)A manger increase efficiency also through the optimum utilization of all the resources’ such as Man, Machine, Material and money
(iii) Management creates a dynamic organisation:
(a)Organizations have to survive in dynamic environment so managers keep making changes in the organisation to match the environmental changes.
(iv) Management helps in achieving personal objectives:
(a) A manager motivates and leads his team in such a manner that an individual member is able to achieve personal goals while contributing to the overall organizational objective.
(V) Management helps in the development of the society:
Management helps in the development of an organisation and through that it helps in the development of the society.
