This document outlines a lesson plan for a business studies class on the need and importance of management. The lesson will be delivered to 12th standard students and last 45 minutes. It will begin with an introductory discussion on whether management is needed in organizations and why. The teacher will then explain the key points through examples, photographs, and relating it to students' prior knowledge from the first chapter. These key points are the optimal utilization of scarce resources, accomplishing group goals, stability, and contributing to national growth. The lesson will conclude by having a student summarize the main points and asking review questions to check understanding.