The Role and Importance of Management
THE ROLE AND IMPORTANCE OF MANAGEMENT.
Management is indispensable for the success functions of every organization. Every business need repeated stimulus which can only be provided by management. According to Prof. Peter E. Dweker, management is a dynamic life-giving element in an organization without management, the resources of production will remain mere resources and never become productive. 1. Achievement of Organizational Goals.
Management creates teamwork and co-ordination in a group efforts to achieve common goals. Today’s managers must harmonize the common objectives of the group with those of the workers so that workers are motivated to make their best contribution towards the attainment of organizational goals. Managers therefore should provide inspiring leadership to keep the workers working hard. 2. Optimum Utilization of Resources.
Managers must ensure that their organization has adequate resources and at the same time does not have idle resources. To utilize these resources effectively, managers must create and maintain an environment conducive to highest productivity. The mangers have the duty to ensure that workers know their job well enough and use the most current methods of doing work. Managers must provide an opportunity for training to all employees so that they can make best use of the available resource such as skills, knowledge and experience. 3. Survival and Growth
Since business organizations operates in a rapidly changing environment, it is upon the organization to adapt itself to the changing demands of the market and social management keeps in constant touch with the existing business environment and draws the productions about the trends in the future. For example, changes in business environment create risks as well as opportunities. The work of managers as well as opportunities. In this way, managers will facilitate the continuity and prosperity of business. 4. Generation of Employment
Management is indispensable for the success functions of every organization. Every business need repeated stimulus which can only be provided by management. According to Prof. Peter E. Dweker, management is a dynamic life-giving element in an organization without management, the resources of production will remain mere resources and never become productive. 1. Achievement of Organizational Goals.
Management creates teamwork and co-ordination in a group efforts to achieve common goals. Today’s managers must harmonize the common objectives of the group with those of the workers so that workers are motivated to make their best contribution towards the attainment of organizational goals. Managers therefore should provide inspiring leadership to keep the workers working hard. 2. Optimum Utilization of Resources.
Managers must ensure that their organization has adequate resources and at the same time does not have idle resources. To utilize these resources effectively, managers must create and maintain an environment conducive to highest productivity. The mangers have the duty to ensure that workers know their job well enough and use the most current methods of doing work. Managers must provide an opportunity for training to all employees so that they can make best use of the available resource such as skills, knowledge and experience. 3. Survival and Growth
Since business organizations operates in a rapidly changing environment, it is upon the organization to adapt itself to the changing demands of the market and social management keeps in constant touch with the existing business environment and draws the productions about the trends in the future. For example, changes in business environment create risks as well as opportunities. The work of managers as well as opportunities. In this way, managers will facilitate the continuity and prosperity of business. 4. Generation of Employment