Importance of management, Management Theories

Assignment Help:

Importance of management:

1. It will be all confusion and no body will know what to do and when to do . It is management which guides and controls the activities of man power for the optimum utilization of company resources, such as men, materials, money, machines, methods etc.

2. Management makes a vital , dynamic and life giving force to the enterprise.

3. Management coordinates activities of dissimilar departments in an enterprise and establishes team spirit among the persons.

4. Management provides new ideas and vision to the organization to do better.

5. Management tackles business problems and provides a tool for the best way of doing things.

6. Management only can meet the challenge of change.

7. Management gives stability to the enterprise by changing and modifying the resources in accordance with the changing environment of the society.

8. Management helps personality development thereby raising efficiency and productivity.

 


Related Discussions:- Importance of management

Hrm, what is eds

what is eds

MIS, How to prepare an estrategy plan for an organization.

How to prepare an estrategy plan for an organization.

Explaning the context and importance of the problem, Decision makers often ...

Decision makers often rely on what are called policy briefs to summarize information about a problem and help them make decisions.   In this exercise, you will read what is called

What is management, What is management Management is the process of des...

What is management Management is the process of designing and maintaining an environment in which individuals working together in groups efficiently achieve selected aims. S

Hiring a new worker costs, suppose there are four workers with the cost of ...

suppose there are four workers with the cost of $2000 per month per worker and every worker makes 1500 units per month.  Hiring a new worker costs $500 and firing one costs $800 (p

Draw equilibrium diagram of a binary system, Draw equilibrium diagram of a ...

Draw equilibrium diagram of a binary system in which the two metals are completely soluble in the liquid state and solid state and label the various zones. What is the maximum n

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd