Importance of Management : XII Com Business Studies

Management is the process of getting things done through others effectively and efficiently.
Study Material for XII Com

1. Business studies XII Commerce Additional Material @ pratapnaikresources.wordpress.com Welcome to Pratap Naik Classes

2. Management Subtitle Session 3 : Importance of Management

3. Importance of Management Basic objective of management is to achieve organisational goal effectively and efficiently. Keeping in view of above management become necessary because of following reasons Emergence of large sized organisation. Complex nature of managing the organisation Changing nature of society and its constituents. Management Helps in Achieving Group Goals Management is required for achieving organisational goals. Numerous people working in the organisation. The manager gives common direction to the individual effort in achieving the overall goal of the organisation.

4. Importance of Management Management Increases Efficiency Resources are scare in nature & to fulfill demand their contribution should be maximum. Management tries to make effective utilisation of various resources. Manager is to reduce costs and increase productivity through better planning, organising, directing, staffing and controlling the activities of the organisation. Management Creates a Dynamic Organisation Environment is constantly changing . Environmental changes must be adopted in order to survive . Employees always resist for changes. Management helps the employees overcome their resistance to change and adapt as per changing situation to ensure its survival and growth.

5. Importance of Management Management Helps in Achieving Personal Objectives Personal goal is the greatest motivational aspect for employees Through motivation and leadership the Management reconcile personal goals with organisational objectives. Management thus helps the individuals achieve their personal goals while working towards organisational objectives . Management Helps in the Development of Society Management is part of society & its has some social objectives Management all ways try to fulfill the social objectives Management helps in the development of society by producing good quality products, creating employment opportunities and adopting new technology.

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