Management is a universal activity and integral part of an organization. 

The importances of management are:

1. Achievement of organizational goal: Management helps to achieve group goal. It directs group efforts towards achievement & integrates men, money & material of organization to attain its objective.

2. Reduce cost of production: management aims at increasing efficiency to maximize profit with minimum costs. Management avoids wastages by directing day to day operations. 

3. Survival & growth of organization: management helps an organization to face the tough competition and survive in the changing environment. By better planning, organizing, staffing, directing and controlling management helps the organization to adopt itself to the changing need of the society. 

4. Achieving personal objective: Management creates a good environment to the workers. It helps individual employees to achieve their personal objective through motivation, commitment & team spirit.

5. Prosperity of the society: An effective management accepts its commitments towards workers, investors, customer & society. It provides better quality of goods & services, generates employment avenues, Adopts new technology for the welfare and growth of the society.