Importance of Management
The importance of management lies in its success, the success of management helps us in solving different problems, but the absence of management increases the problems inside and outside the organization.
so what is the importance of management?
Optimum Utilization of Resources to Achieving Group Goals :
Management makes optimal use of scarce resources by arranges, assembles and organizes it with an effective and efficient way in order to achieve predetermined goals.
Reduces Costs and maximizes profits:
the management plays a role in reducing the costs and maximizes profits by using the minimum of resources and producing the maximum of required goods and services.
Organizing efforts and dividing tasks:
the management plays a role in organizing and dividing the efforts, tasks and responsibilities of every employee and it establishes effective authority & responsibility relationship.
It provides balance and dynamism :
In a changing environment, management must be dynamic and flexible to adapt to all conditions and changes.
Social and economic prosperity:
The management plays a role in contributes to the success of the organization, and as such, it increases economic and social development.
The success of management is the success of the organisation and the success of the organization achieves economic and social development. Every organization has a good and effective management method that will be in continuous progress.
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