State any three points which highlight the importance of management.

1.	State any three points which highlight the importance of management.
Answer» Importance of Management: 1. Management helps in achieving group goals: Management integrates the individual or personal objectives with the organisational goals. It leads the efforts of the individuals towards achieving the organisational goals. 2. Management improves efficiency: Management focuses on reducing cost and improving productivity. This leads to efficiency. 3. Management creates a dynamic organisation: Business environment is ever changing. Managers keep on making changes in the organisation to match the environmental changes.

Answer»

Importance of Management:

1. Management helps in achieving group goals: Management integrates the individual or personal objectives with the organisational goals. It leads the efforts of the individuals towards achieving the organisational goals.

2. Management improves efficiency: Management focuses on reducing cost and improving productivity. This leads to efficiency.

3. Management creates a dynamic organisation: Business environment is ever changing. Managers keep on making changes in the organisation to match the environmental changes.

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