The importance of management highlighted in the given statement is that it helps in creating a dynamic organization. This can be explained in the following points:

1. Enhancing Competitive Edge:
Management plays a crucial role in maintaining and enhancing an organization's competitive edge. In today's rapidly changing business environment, organizations must adapt to new technologies, market trends, and customer preferences to stay ahead of their competitors. Effective management ensures that necessary changes are implemented smoothly and efficiently throughout the organization, enabling it to remain competitive.

2. Adapting to Changes:
Change is inevitable in any organization. It could be due to advancements in technology, shifts in market demand, regulatory changes, or internal factors. Management helps people to adopt these changes by providing guidance, resources, and support. They communicate the reasons behind the changes, address any concerns or resistance, and provide training or development opportunities to help employees adapt to the new ways of working.

3. Creating a Learning Culture:
Management fosters a learning culture within the organization, where employees are encouraged to continuously improve their skills and knowledge. They provide opportunities for training, development, and mentorship, enabling employees to stay updated with the latest industry trends and practices. By investing in the professional growth of their employees, management ensures that the organization remains competitive and can adapt to changing circumstances effectively.

4. Encouraging Innovation:
In a dynamic business environment, innovation is crucial for maintaining a competitive edge. Management plays a key role in encouraging and fostering innovation within the organization. They create a supportive environment where employees are empowered to experiment, take risks, and come up with new ideas. By nurturing a culture of innovation, management ensures that the organization can adapt to market changes, introduce new products or services, and stay ahead of the competition.

5. Managing Resources:
Management is responsible for efficiently allocating and utilizing the organization's resources. They ensure that the right people are assigned to the right tasks, monitor progress, and make necessary adjustments. By effectively managing resources, management enables the organization to optimize its operations, reduce costs, and improve overall performance, thereby maintaining its competitive edge.

In conclusion, management's importance lies in its ability to create a dynamic organization that can adapt to changes, enhance its competitive edge, foster innovation, and efficiently utilize resources. By guiding and supporting employees through changes, management helps the organization maintain its relevance and achieve sustained success in a competitive business environment.