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why management is so important? Related: Chapter Notes - Chapter 1 - ...
Importance of Management:- "Management it is the life giving element in every business without ate the resources of production remain resources and shall never become production":- Peter Drucker.
‌ Management helps in achieving group goals:-  An organisation consists of number of person who worked as a group. Management helps in achieving group goals by giving a common direction to individual efforts for example employees objective:- to earn maximum wages organisation objective to maximize output . Under Peace wage  system,  wages of a worker is depending upon number of units produced as a result every worker will strike to produce more which indirectly fulfill organisation objective.
‌Management helps in achieving personal objectives:- with the help of self motivation and leadership techniques, Management helps individual to develop sprit of corporation, commitment etc. A manager motivate his team in such manner that individual members are able to achieve personal goal while contributing to the overall organisation objective.
‌ Management increase efficiency:- efficiency means to produce more output with same level of input or to use less input for the same level of output . through management function of POSDC( planning organising staffing directing controlling) organisation aims to achieve efficiency by using fewer resources, more benefit ,reduction of wastage.
‌Management creates a dynamic organisation:- the environment in which an organisation work change continuously. it is a tendency of human to resist change because they don't want to move from family and Secure environment to a new environment . In order to be successful an organisation must change itself and its goals according to the needs of the environment .
‌Management helps in the development of society :-efficient management has multiple objective, social objectives being one of them. fulfilling all the objectives helps in growth and development of the organisation as well as society



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why management is so important? Related: Chapter Notes - Chapter 1 - ...
Management is so important for the organisation to achieve the organisational goal effectively and efficiently.
## Some Reasons Are Given Below ##
1). Management helps in achieving organisational goal.
2). Management increases efficiency.
3). Management increases coordination among the departments, group and employees of the organisation.
4). Management helps in the development of society by providing them good quality goods at reasonable prime and provide the financial support to the community.
5). Management helps the manager to achieve the goal without wasting any resource amd time.
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why management is so important? Related: Chapter Notes - Chapter 1 - Nature and Significance of Management, BST, Class 12, CBSE?
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