IMPORTANCE OF MANAGEMENT

1. Truly speaking , no enterprise can survive without management, even if it possesses huge money , excellent machinery and expert man power , because without management , it will be all confusion and nobody 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, like 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 gives new ideas and vision to the organization to do better.