Explain Any Five Points Of Importance For Management

Answer: Achieving Goals: Management helps organizations achieve their goals. The role of the manager is to provide collective guidance and direction to the individual efforts to achieve the goals of the organization. 

Increase efficiency: Management contributes to the efficiency of the company by increasing productivity through efficient planning, organization, management, and direction. 

Helps create a dynamic organization.: Management gives organizations the impetus needed to move from one development phase to another, helping them adapt to the changing dynamics of their business environment. 

Helping individuals achieve their goals: Management helps guide individuals towards achieving their goals, which directly impacts the achievement of their organization’s goals. 

Social Development: By developing an organization, management contributes to the growth of the organization. Evolved organizations have a certain moral responsibility to society by creating employment opportunities and providing quality products and services.