Importance And Importance Of Management

What is Management?

Management is the process of reaching organizational goals by working with and through people and other organizational resources. It is also about deciding how best to use an organisation’s resources to produce goods or services

• Employees

• Equipment

• Money

Types of management in organization

An organization can have different managers under different authority level, known by other titles and at different levels in the management hierarchy.

There are 3 levels of management that are typically found in an organization and these are as follows:

 Administrative or Top – level management

 Executive or Middle – level management

 Supervisory or Low – level management

Assigning jobs and tasks to the employees.

2. Ensuring the quality and quantity of production.

3. Supervise and provide guidance to employees on day-to-day activities.

4. They motivate workers.

5. They are responsible for proving trainings to workers.

6. They communicate decisions taken to the workers and inform the management about performances, difficulties, and demands of workers.

7. They ensure discipline in the business.

8. They have limited authority but important responsibility of getting work done from workers.

9. Apart from basic management skills and experience, they require more technical and communication skills.

THE IMPORTANCE OF MANAGEMENT

All organizations are dependent on group work. Group action and joint efforts have become vital in the stroll of everyday life. Management is needed wherever two or more individuals cooperate to accomplish common targets. The accomplishment in group action relies on shared participation amongst the individuals of the group. Management makes cooperation and coordination among specialized

2) Increase in the specialization of work.

3) Aggressive competition in the market.

4) Sophisticated and capital intensive technology.

5) Increase in complexity of business choices.

6) Need for innovative works.

7) Need for ideal usage of scarce resources.

8) Turbulent environment of business.

9) Need for research and development.

10) Growing regulation of business by the Government.

In a developing country like India, the importance of management can hardly be underscored. Higher effectiveness and higher productivity is the main expectation of the general population, more than 70 per cent of whom are living underneath the poverty line.

A welfare state cannot understand its twin targets of monetary development and social equity without a well sorted management framework. The underlying driver of India’s backwardness lies in the underutilization and confusion of the nation’s resources.

Management is also important in an organization for the following reasons:

1) Encourages team work

2) Improves the employer and employee relationship

3) Encourages innovation

4) Optimum use of resources

5) Providing managers with useful insight into reality

6) Helps in achieving group goals

7) Increases