SlideShare a Scribd company logo
1 of 20
Importance of
Management in
Agribusiness
01
A PRESENTATION ON
2
1
• Sudipta Karmaker
• ID: 21280105
Ex-Professor
Dept. of Agribusiness and Marketing
Bangladesh Agricultural University
2
Agribusiness Management
Course title: ADS 505
Institute of Agribusiness and Development Studies
Bangladesh Agricultural University (BAU)
Presented By, Presented To,
1.Introduction
2.Importance
3.Conclusion
Outline
Agribusiness and
Management
Introduction
4
Definition
Agribusiness is the
business of
agricultural Product
Agribusiness Includes
Breeding Distribution Seed supply
Agrichemicals Processing
Crop
production
Marketing
Farm
machinery
What is Managemnt..?
Process of various function
Planning, Organizing,
Leading and Controlling
7
Control businss to
achieve the objectives.
Includes all activities from
planning to its actual
existence.
8
What is Agri-Business
Managemnt..?
The making of Business Deicssions
For agricultural production
That tend to maximize net income
Match with the operator’s objectives.
9
Importance of
Agribusiness
Mangement
Helps in Achieving Group
Goals
11
Assemble and organize the resources.
Join in the resources in effective manner to achieve
goals.
By defining objective, there would be no wastage of
time, money and effort.
It converts disorganized resources of men,
machines, money etc. into useful creativity.
12
Helps in Achieving Personal
Objectives.
Management not only helps in achieving the organizational
objectives, but also the personal objectives of the employee.
Helps individual to develop spirit of cooperation, commitment,
and team spirit etc.
It helps them to achieve their personal goals as well.
13
Reduces Costs
We can get maximum results through minimum input.
Uses physical, human, and financial resources in such
a manner whose readers in best combination
It helps in cost reduction.
14
Increases Efficiency
Efficiency, increase time. We use fewer resources
(i.e.: inputs) and a few more benefits or Output.
In any organization, import creatures are men,
money, materials, and machinery.
Management uses their inputs efficiently by properly allocating them to
reduce the wastage which and ultimately decrease cost and thus leads to
higher profits.
Optimum Utilization of Resources
15
It utilize all the physical and human resource
productively.
Heat leads to efficacy in management and all the
operations.
It makes use of experts, professionals and these
services leads to use of their skills, knowledges and
proper utilization and avoids wastage.
If employees and machines are producing its
maximum, there is no underemployment of any
resources.
16
Establishes Sound Organization
It establishes effective authority and
responsibility relationship.
Example: who is accountable to whom? Who can
give instruction to whom? Who are superior and
who are subordinates….?
Management fills up various positions with right persons, having right skills,
training, and qualification.
Establishes Equilibrium
2
1 It enables the organization to survive in changing environment.
17
3
It adapts organization to changing demand of market/
changing needs of societies.
It is responsible for growth and survival of organization.
Essential for
Prosperity of Society
18
Efficient management leads to better economical
production, which helps in turn to increase the welfare of
people.
It improves standard of living.
Providing better quality goods and services, generating
employment opportunities, increasing the wealth of the
nation, providing fair wages to the workers, etc.
Organization comes with new products and resources,
beneficial for society.
Effective management helps the organization in fulfilling all
these obligations.
Conclusion
Management of Agri-business makes good profit for
organization as well as it helps achieving objectives of
the organization and ensured the well being of
society.
19
Thank you!
20

More Related Content

Similar to ImportanceofManagementinAgribusiness.pptx

5 entrepreneurship internlores
5 entrepreneurship internlores5 entrepreneurship internlores
5 entrepreneurship internloresElabanabari Gbotor
 
Principles of management
Principles of managementPrinciples of management
Principles of managementAkhil Kirty
 
Corporate Governance Engro Foods
Corporate Governance Engro FoodsCorporate Governance Engro Foods
Corporate Governance Engro FoodsUmair Shaikh
 
Recent trends in management, Management of change Management of crises Total...
Recent trends in management, Management of change  Management of crises Total...Recent trends in management, Management of change  Management of crises Total...
Recent trends in management, Management of change Management of crises Total...ManasiMendu
 
Business Ethics and CS_Assingment.pptx
Business Ethics and CS_Assingment.pptxBusiness Ethics and CS_Assingment.pptx
Business Ethics and CS_Assingment.pptxKumarGaurav626264
 
ENTREPRENUER & ENTREPRENURESHIP
ENTREPRENUER & ENTREPRENURESHIPENTREPRENUER & ENTREPRENURESHIP
ENTREPRENUER & ENTREPRENURESHIPMayank Kashyap
 
Entrepreneurship developments
Entrepreneurship developmentsEntrepreneurship developments
Entrepreneurship developmentsNugurusaichandan
 
Introduction_to_Business_ManagementUNIT 1 .pptx
Introduction_to_Business_ManagementUNIT 1 .pptxIntroduction_to_Business_ManagementUNIT 1 .pptx
Introduction_to_Business_ManagementUNIT 1 .pptxDavisJoseph20
 
Entrepreneurship opportunities in Agriculture
Entrepreneurship opportunities in AgricultureEntrepreneurship opportunities in Agriculture
Entrepreneurship opportunities in AgricultureDiraviam Jayaraj
 
Knowledge presentation icar ajm240917
Knowledge presentation icar ajm240917Knowledge presentation icar ajm240917
Knowledge presentation icar ajm240917Ajit Maru
 
project report on aditya birla mutual funds AMC topic marketing of mutual fun...
project report on aditya birla mutual funds AMC topic marketing of mutual fun...project report on aditya birla mutual funds AMC topic marketing of mutual fun...
project report on aditya birla mutual funds AMC topic marketing of mutual fun...robin7017
 
Strategic management final
Strategic management  finalStrategic management  final
Strategic management finalShiekh Hassan
 
MSME entrepreneurship training in India project report
MSME  entrepreneurship  training in India project reportMSME  entrepreneurship  training in India project report
MSME entrepreneurship training in India project reportProf. Harsha Kestur
 

Similar to ImportanceofManagementinAgribusiness.pptx (20)

5 entrepreneurship internlores
5 entrepreneurship internlores5 entrepreneurship internlores
5 entrepreneurship internlores
 
Principles of management
Principles of managementPrinciples of management
Principles of management
 
Functions of Management
Functions of ManagementFunctions of Management
Functions of Management
 
Corporate Governance Engro Foods
Corporate Governance Engro FoodsCorporate Governance Engro Foods
Corporate Governance Engro Foods
 
Recent trends in management, Management of change Management of crises Total...
Recent trends in management, Management of change  Management of crises Total...Recent trends in management, Management of change  Management of crises Total...
Recent trends in management, Management of change Management of crises Total...
 
Managing productivity
Managing productivityManaging productivity
Managing productivity
 
Managing productivity
Managing productivityManaging productivity
Managing productivity
 
Business Ethics and CS_Assingment.pptx
Business Ethics and CS_Assingment.pptxBusiness Ethics and CS_Assingment.pptx
Business Ethics and CS_Assingment.pptx
 
W1007 MANAGEMENT
W1007 MANAGEMENTW1007 MANAGEMENT
W1007 MANAGEMENT
 
ENTREPRENUER & ENTREPRENURESHIP
ENTREPRENUER & ENTREPRENURESHIPENTREPRENUER & ENTREPRENURESHIP
ENTREPRENUER & ENTREPRENURESHIP
 
Management1
Management1Management1
Management1
 
Entrepreneurship developments
Entrepreneurship developmentsEntrepreneurship developments
Entrepreneurship developments
 
Introduction_to_Business_ManagementUNIT 1 .pptx
Introduction_to_Business_ManagementUNIT 1 .pptxIntroduction_to_Business_ManagementUNIT 1 .pptx
Introduction_to_Business_ManagementUNIT 1 .pptx
 
Entrepreneurship opportunities in Agriculture
Entrepreneurship opportunities in AgricultureEntrepreneurship opportunities in Agriculture
Entrepreneurship opportunities in Agriculture
 
TRAITS OF ORGANISATION
TRAITS OF ORGANISATIONTRAITS OF ORGANISATION
TRAITS OF ORGANISATION
 
Knowledge presentation icar ajm240917
Knowledge presentation icar ajm240917Knowledge presentation icar ajm240917
Knowledge presentation icar ajm240917
 
project report on aditya birla mutual funds AMC topic marketing of mutual fun...
project report on aditya birla mutual funds AMC topic marketing of mutual fun...project report on aditya birla mutual funds AMC topic marketing of mutual fun...
project report on aditya birla mutual funds AMC topic marketing of mutual fun...
 
Strategic management final
Strategic management  finalStrategic management  final
Strategic management final
 
MSME entrepreneurship training in India project report
MSME  entrepreneurship  training in India project reportMSME  entrepreneurship  training in India project report
MSME entrepreneurship training in India project report
 
Why management is important,
Why management is important,Why management is important,
Why management is important,
 

Recently uploaded

Booking open Available Pune Call Girls Parvati Darshan 6297143586 Call Hot I...
Booking open Available Pune Call Girls Parvati Darshan  6297143586 Call Hot I...Booking open Available Pune Call Girls Parvati Darshan  6297143586 Call Hot I...
Booking open Available Pune Call Girls Parvati Darshan 6297143586 Call Hot I...Call Girls in Nagpur High Profile
 
Horizon Net Zero Dawn – keynote slides by Ben Abraham
Horizon Net Zero Dawn – keynote slides by Ben AbrahamHorizon Net Zero Dawn – keynote slides by Ben Abraham
Horizon Net Zero Dawn – keynote slides by Ben Abrahamssuserbb03ff
 
Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...
Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...
Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...kauryashika82
 
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...SUHANI PANDEY
 
Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000
Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000
Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000Sapana Sha
 
VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...SUHANI PANDEY
 
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts ServicesBOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Servicesdollysharma2066
 
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...SUHANI PANDEY
 
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Bookingtanu pandey
 
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Proposed Amendments to Chapter 15, Article X: Wetland Conservation AreasProposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas💥Victoria K. Colangelo
 
Call Girls Moshi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Moshi Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Moshi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Moshi Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
Alandi Road ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready ...Alandi Road ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready ...
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...tanu pandey
 
Book Sex Workers Available Pune Call Girls Kondhwa 6297143586 Call Hot India...
Book Sex Workers Available Pune Call Girls Kondhwa  6297143586 Call Hot India...Book Sex Workers Available Pune Call Girls Kondhwa  6297143586 Call Hot India...
Book Sex Workers Available Pune Call Girls Kondhwa 6297143586 Call Hot India...Call Girls in Nagpur High Profile
 
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdfTraining Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdfBasel Ahmed
 
Call Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...
VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...
VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...SUHANI PANDEY
 
The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...
The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...
The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...ranjana rawat
 

Recently uploaded (20)

Booking open Available Pune Call Girls Parvati Darshan 6297143586 Call Hot I...
Booking open Available Pune Call Girls Parvati Darshan  6297143586 Call Hot I...Booking open Available Pune Call Girls Parvati Darshan  6297143586 Call Hot I...
Booking open Available Pune Call Girls Parvati Darshan 6297143586 Call Hot I...
 
Horizon Net Zero Dawn – keynote slides by Ben Abraham
Horizon Net Zero Dawn – keynote slides by Ben AbrahamHorizon Net Zero Dawn – keynote slides by Ben Abraham
Horizon Net Zero Dawn – keynote slides by Ben Abraham
 
Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...
Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...
Call Now ☎ Russian Call Girls Connaught Place @ 9899900591 # Russian Escorts ...
 
9953056974 ,Low Rate Call Girls In Adarsh Nagar Delhi 24hrs Available
9953056974 ,Low Rate Call Girls In Adarsh Nagar  Delhi 24hrs Available9953056974 ,Low Rate Call Girls In Adarsh Nagar  Delhi 24hrs Available
9953056974 ,Low Rate Call Girls In Adarsh Nagar Delhi 24hrs Available
 
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
VIP Model Call Girls Chakan ( Pune ) Call ON 8005736733 Starting From 5K to 2...
 
Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000
Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000
Call Girls In Okhla DELHI ~9654467111~ Short 1500 Night 6000
 
VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Wagholi ( Pune ) Call ON 8005736733 Starting From 5K to ...
 
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts ServicesBOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
BOOK Call Girls in (Dwarka) CALL | 8377087607 Delhi Escorts Services
 
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
VIP Model Call Girls Bhosari ( Pune ) Call ON 8005736733 Starting From 5K to ...
 
young Whatsapp Call Girls in Delhi Cantt🔝 9953056974 🔝 escort service
young Whatsapp Call Girls in Delhi Cantt🔝 9953056974 🔝 escort serviceyoung Whatsapp Call Girls in Delhi Cantt🔝 9953056974 🔝 escort service
young Whatsapp Call Girls in Delhi Cantt🔝 9953056974 🔝 escort service
 
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Pune Airport Call Me 7737669865 Budget Friendly No Advance Booking
 
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Proposed Amendments to Chapter 15, Article X: Wetland Conservation AreasProposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
Proposed Amendments to Chapter 15, Article X: Wetland Conservation Areas
 
Call Girls Moshi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Moshi Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Moshi Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Moshi Call Me 7737669865 Budget Friendly No Advance Booking
 
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
Alandi Road ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready ...Alandi Road ( Call Girls ) Pune  6297143586  Hot Model With Sexy Bhabi Ready ...
Alandi Road ( Call Girls ) Pune 6297143586 Hot Model With Sexy Bhabi Ready ...
 
Book Sex Workers Available Pune Call Girls Kondhwa 6297143586 Call Hot India...
Book Sex Workers Available Pune Call Girls Kondhwa  6297143586 Call Hot India...Book Sex Workers Available Pune Call Girls Kondhwa  6297143586 Call Hot India...
Book Sex Workers Available Pune Call Girls Kondhwa 6297143586 Call Hot India...
 
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdfTraining Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
Training Of Trainers FAI Eng. Basel Tilapia Welfare.pdf
 
Call Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Budhwar Peth Call Me 7737669865 Budget Friendly No Advance Booking
 
VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...
VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...
VIP Model Call Girls Hadapsar ( Pune ) Call ON 8005736733 Starting From 5K to...
 
(NEHA) Call Girls Navi Mumbai Call Now 8250077686 Navi Mumbai Escorts 24x7
(NEHA) Call Girls Navi Mumbai Call Now 8250077686 Navi Mumbai Escorts 24x7(NEHA) Call Girls Navi Mumbai Call Now 8250077686 Navi Mumbai Escorts 24x7
(NEHA) Call Girls Navi Mumbai Call Now 8250077686 Navi Mumbai Escorts 24x7
 
The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...
The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...
The Most Attractive Pune Call Girls Shirwal 8250192130 Will You Miss This Cha...
 

ImportanceofManagementinAgribusiness.pptx

  • 2. A PRESENTATION ON 2 1 • Sudipta Karmaker • ID: 21280105 Ex-Professor Dept. of Agribusiness and Marketing Bangladesh Agricultural University 2 Agribusiness Management Course title: ADS 505 Institute of Agribusiness and Development Studies Bangladesh Agricultural University (BAU) Presented By, Presented To,
  • 5. Definition Agribusiness is the business of agricultural Product
  • 6. Agribusiness Includes Breeding Distribution Seed supply Agrichemicals Processing Crop production Marketing Farm machinery
  • 7. What is Managemnt..? Process of various function Planning, Organizing, Leading and Controlling 7 Control businss to achieve the objectives. Includes all activities from planning to its actual existence.
  • 8. 8 What is Agri-Business Managemnt..? The making of Business Deicssions For agricultural production That tend to maximize net income Match with the operator’s objectives.
  • 10.
  • 11. Helps in Achieving Group Goals 11 Assemble and organize the resources. Join in the resources in effective manner to achieve goals. By defining objective, there would be no wastage of time, money and effort. It converts disorganized resources of men, machines, money etc. into useful creativity.
  • 12. 12 Helps in Achieving Personal Objectives. Management not only helps in achieving the organizational objectives, but also the personal objectives of the employee. Helps individual to develop spirit of cooperation, commitment, and team spirit etc. It helps them to achieve their personal goals as well.
  • 13. 13 Reduces Costs We can get maximum results through minimum input. Uses physical, human, and financial resources in such a manner whose readers in best combination It helps in cost reduction.
  • 14. 14 Increases Efficiency Efficiency, increase time. We use fewer resources (i.e.: inputs) and a few more benefits or Output. In any organization, import creatures are men, money, materials, and machinery. Management uses their inputs efficiently by properly allocating them to reduce the wastage which and ultimately decrease cost and thus leads to higher profits.
  • 15. Optimum Utilization of Resources 15 It utilize all the physical and human resource productively. Heat leads to efficacy in management and all the operations. It makes use of experts, professionals and these services leads to use of their skills, knowledges and proper utilization and avoids wastage. If employees and machines are producing its maximum, there is no underemployment of any resources.
  • 16. 16 Establishes Sound Organization It establishes effective authority and responsibility relationship. Example: who is accountable to whom? Who can give instruction to whom? Who are superior and who are subordinates….? Management fills up various positions with right persons, having right skills, training, and qualification.
  • 17. Establishes Equilibrium 2 1 It enables the organization to survive in changing environment. 17 3 It adapts organization to changing demand of market/ changing needs of societies. It is responsible for growth and survival of organization.
  • 18. Essential for Prosperity of Society 18 Efficient management leads to better economical production, which helps in turn to increase the welfare of people. It improves standard of living. Providing better quality goods and services, generating employment opportunities, increasing the wealth of the nation, providing fair wages to the workers, etc. Organization comes with new products and resources, beneficial for society. Effective management helps the organization in fulfilling all these obligations.
  • 19. Conclusion Management of Agri-business makes good profit for organization as well as it helps achieving objectives of the organization and ensured the well being of society. 19