Learn what management is and How it works in our detailed blog. Understand the different functions of management, its principles, objectives, and levels. Discover the importance of management in today's business world. Learn how effective management drives growth, innovation, and success across industries. Management is crucial for the success of any organization. It involves planning, organizing, coordinating and directing a group of people to accomplish to achieve specific goals and objectives effectively. To be an effective leader, you must understand how to manage your workforce. Importance of Management Importance of Management – 6 Points According to Drucker, management is the dynamic life-giving element in every organization. It is the activating force that gets things done through people. Without management, an organization is merely a collection of men, machines, money, and material. In its absence, the resources of production remain resources, and never become production. The importance of management can be understood from the following points: 1. Optimum Use ...
