IMPORTANCE OF MANAGEMENT
1) Acquisition and utilization of resources
Management performs efficient acquisition effective development and utilization and proper coordination of resources.
2) Environmental adaptation.
Management adopts organization to changing environmental forces.
3) Goal achievement
Management achieves goals by balancing the requirement of jobs and people.
4) Problem solving.
Management solves organizational problems. It identifies and evaluates various alternatives and choose appropriate course of action.
5) Performance control.
Management measures and evaluates the actual performance.
6) Social responsibility
Management anticipate and act before hand to social expectations.