1.

Explain briefly the importance of management.

Answer»

Management is considered important due to the following reasons: 

1. Management helps in achieving group goals: Management is required to give a common direction to the individual effort, in order to achieve the group goals of the organisation. 

2. Management increases efficiency: The main aim of every manager is to increase efficiency i.e., to maximise output with minimum cost. This is achieved through better planning, organising, directing and controlling the activities of the organisation. 

3. Management creates a dynamic organisation: All organisations have to function in an environment which is constantly changing. Resistance to change is often observed with individuals management helps people adapt to these changes, so that an organisation is able to maintain its competitive edge. 

4. Management helps for 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 organisational objective. Through motivation and leadership the management helps individuals to develop team spirit, cooperation and commitment to group success.



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