SIGNIFICANCE OR IMPORTANCE OF MANAGEMENT

 

        SIGNIFICANCE OR IMPORTANCE OF MANAGEMENT

1.      Developing society

2.      Protection against throat-cut competition

3.      Necessary for operating large scale units

4.      Increasing Efficiency and Effectiveness

5.      Inculcating creativity

6.      Building Dynamic organization

7.      Integrating various interest group

8.      Management is required to solve labour problems

9.      For survival and growth

10.  For generation of employment and development of nation

11.  To upgrade social living standards

12.  To establish industrial peace and increase national income

13.  To ease poverty

14.  To provide effective leaders in an organization

15.  To develop the feeling of work is worship

16.  Competitive abilities

17.  For achieving goals and objectives of an organization

18.  Necessary for operating large scale unit

19.  Coordination among the different factors of production

20.  Attaining maximum result in minimum efforts