Explain two Importance of Management.

1.	Explain two Importance of Management.
Answer» (i) Overcoming Competition : In this era of cut-throat competition, every organisation is working hard for its survival and growth. So, sound management system is a must for any organisation to heat this competition and proves to be profitable for the organisation. (ii) Optimising Utilisation of Resources : Our needs and desires are endless and to fulfill those needs, resources are available in a limited quantity. So, this scenario is the same for the organisations also. They have limited resources and from those resources only they have to attain the desired results. So, management help in using the resources in the optimum manner for the settlement of an organisation.

Answer»

(i) Overcoming Competition :

In this era of cut-throat competition, every organisation is working hard for its survival and growth. So, sound management system is a must for any organisation to heat this competition and proves to be profitable for the organisation.

(ii) Optimising Utilisation of Resources :

Our needs and desires are endless and to fulfill those needs, resources are available in a limited quantity. So, this scenario is the same for the organisations also. They have limited resources and from those resources only they have to attain the desired results. So, management help in using the resources in the optimum manner for the settlement of an organisation.

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