Explain need and importance of management.

QuestionsCategory: QuestionsExplain need and importance of management.
Poonam Singh asked 9 months ago

need and importance of management

1 Answers
Afaq Jafri answered 9 months ago

There is many Importance of Management. Some are the following:
Group-Oriented: Management is a group activity. it helps the employees to improve group performance.
Optimum Utilization of Resources: Management helps to optimum utilization of resources,
Management Reduces Costs: Management helps to reduce the cost of manufacturing units.
Management helps to achieve Personal Goals: When people work hard to achieve organisational goals, they automatically achieve their personal goals.
Also read:
Characteristics of Management
What is Management

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