After understanding that management is a universal activity, we now examine some of the reasons that have made management so important: 1) Management helps in achieving group goals: Management helps in achieving the group goals by encourage initiative. The Manager should encourage group effort, coordinate, direct and control resources in such a manner that enterprise work towards achievement of pre-determined organizational goals. 2) Management Increase efficiency: The aim of Manager is to reduce cost and increase productivity through effectively utilization of all the physical & human resources. Management also encourages innovation in the organization. Innovation brings changes and makes the organization more efficient and competitive. 3) Management creates a dynamic organization: All Organization has to function in an environment which is constantly changing. With the change is external environment, the initial co-ordination of organization must be changed. Mana...
Management and business studies ....