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Why Management is
Important?
http://www.managementparadise.com/forums/articles/42525-
importance-management.html
www.managementparadise.com
Management is concerned with human beings
whose behavior is highly unpredictable. Ever
since people began forming groups to achieve
goal, they could not achieve as individuals.
Managing has been essential to provide the
coordination of individual’s efforts.
Management is found in every walk of life.
Management does not perform specific jobs. It
motivates other people to perform specific jobs.
Management is not doing the work but getting
the work done through the effort of others.
Management brings together basic resources
popularly known as 6 M’s – Men, Material,
Machines, Methods, Money and Market.
www.managementparadise.com
 This helps to achieve the expected results
quickly and economically in terms of:
(a) Production
(b) Sales
(c) Profit and
(d) Goodwill in the Market
 The importance of management in business is
universally accepted. It acts as a driving force in
business. Modern business is highly competitive
and need efficient and capable management. It is
through management that business activities are
organized and conducted efficiently and
objectives are achieved.
www.managementparadise.com
The following points will
suggest the importance of
management
1) Optimum use of resources: management facilities
optimum utilization of available human and physical
resources, which leads to progress and prosperity of a
business enterprise. Even wastage of all types are
eliminated or minimized.1
2) Competitive strength: Management develops
competitive strength in an enterprise. This enables an
enterprise to develop and expand its assets and
profits.
www.managementparadise.com
3) Cordial industrial relations: Management
develops cordial industrial relation, ensures
better life and welfare to employees and raises
their morale through suitable incentives.
4) Motivates employees: It motivates employees
to take more interest and initiative in the work
assigned and contributes for raising productivity
and profitability of the enterprise.
5) New techniques: Management facilities the
introduction of new machines and new methods
in the conduct of business activities. It also
brings useful technologies developments and
innovation in the management of business
activities.
www.managementparadise.com
Download Importance of
Management
http://www.managementparadise.co
m/forums/articles/42525-
importance-management.html
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www.managementparadise.com

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Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxStudents, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptx
 

Why management is important,

  • 3. Management is concerned with human beings whose behavior is highly unpredictable. Ever since people began forming groups to achieve goal, they could not achieve as individuals. Managing has been essential to provide the coordination of individual’s efforts. Management is found in every walk of life. Management does not perform specific jobs. It motivates other people to perform specific jobs. Management is not doing the work but getting the work done through the effort of others. Management brings together basic resources popularly known as 6 M’s – Men, Material, Machines, Methods, Money and Market. www.managementparadise.com
  • 4.  This helps to achieve the expected results quickly and economically in terms of: (a) Production (b) Sales (c) Profit and (d) Goodwill in the Market  The importance of management in business is universally accepted. It acts as a driving force in business. Modern business is highly competitive and need efficient and capable management. It is through management that business activities are organized and conducted efficiently and objectives are achieved. www.managementparadise.com
  • 5. The following points will suggest the importance of management 1) Optimum use of resources: management facilities optimum utilization of available human and physical resources, which leads to progress and prosperity of a business enterprise. Even wastage of all types are eliminated or minimized.1 2) Competitive strength: Management develops competitive strength in an enterprise. This enables an enterprise to develop and expand its assets and profits. www.managementparadise.com
  • 6. 3) Cordial industrial relations: Management develops cordial industrial relation, ensures better life and welfare to employees and raises their morale through suitable incentives. 4) Motivates employees: It motivates employees to take more interest and initiative in the work assigned and contributes for raising productivity and profitability of the enterprise. 5) New techniques: Management facilities the introduction of new machines and new methods in the conduct of business activities. It also brings useful technologies developments and innovation in the management of business activities. www.managementparadise.com