Management is the process of getting things done through others effectively and efficiently. Study Material for XII Com

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XII Commerce
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MANAGEMENT
Subtitle
Session 3 : Importance of Management

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Importance of Management
Basic objective of management is to achieve organisational goal effectively and efficiently.
Keeping in view of above management become necessary because of following reasons
 Emergence of large sized organisation.
 Complex nature of managing the organisation
 Changing nature of society and its constituents.
Management Helps in Achieving Group Goals
 Management is required for achieving organisational goals.
 Numerous people working in the organisation.
 The manager gives common direction to the individual effort in achieving the overall goal of the
organisation.

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Importance of Management
Management Increases Efficiency
 Resources are scare in nature & to fulfill demand their contribution should be maximum.
 Management tries to make effective utilisation of various resources.
 Manager is to reduce costs and increase productivity through better planning, organising, directing,
staffing and controlling the activities of the organisation.
Management Creates a Dynamic Organisation
• Environment is constantly changing.
• Environmental changes must be adopted in order to survive.
• Employees always resist for changes.
• Management helps the employees overcome their resistance to change and adapt as per changing
situation to ensure its survival and growth.

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Importance of Management
Management Helps in Achieving Personal Objectives
• Personal goal is the greatest motivational aspect for employees
• Through motivation and leadership the Management reconcile personal goals with organisational
objectives.
• Management thus helps the individuals achieve their personal goals while working towards
organisational objectives.
Management Helps in the Development of Society
• Management is part of society & its has some social objectives
• Management all ways try to fulfill the social objectives
• Management helps in the development of society by producing good quality products, creating
employment opportunities and adopting new technology.

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