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    Christine Cordero
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    Management is the process of planning, organizing, directing, and controlling resources and activities of an organization to achieve its goals efficiently. Good management brings profit and reputation to a company, while poor management can cause a company to fail. Management establishes a work environment where employees and employers can collaborate to achieve organizational goals. The importance of management lies in aligning employee goals, utilizing resources best, reducing costs, increasing efficiency, enabling a company to adapt to changes, and allowing it to tackle competition.

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    BMAA 513_L01

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    Management is the process of planning, organizing, directing, and controlling resources and activities of an organization to achieve its goals efficiently. Good management brings profit and reputation to a company, while poor management can cause a company to fail. Management establishes a work environment where employees and employers can collaborate to achieve organizational goals. The importance of management lies in aligning employee goals, utilizing resources best, reducing costs, increasing efficiency, enabling a company to adapt to changes, and allowing it to tackle competition.

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    © All Rights Reserved
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    8 views17 pages

    Bmaa 513 - L01

    Uploaded by

    Christine Cordero
    Management is the process of planning, organizing, directing, and controlling resources and activities of an organization to achieve its goals efficiently. Good management brings profit and reputation to a company, while poor management can cause a company to fail. Management establishes a work environment where employees and employers can collaborate to achieve organizational goals. The importance of management lies in aligning employee goals, utilizing resources best, reducing costs, increasing efficiency, enabling a company to adapt to changes, and allowing it to tackle competition.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 17

    Business Management &

    Application of Architecture 2
    prepared by:
    Ar. ARVIN GABRIEL B. GIGANTE, UAP
    Instructor 1

    https://www.forbes.com/advisor/education/business-administration-degree/
    What Is Management?

    Management is the process


    where a person plans,
    organizes, directs and
    controls the activities and
    resources of the organization
    or company to achieve its
    goal in an effective and
    efficient manner in an ever-
    changing environment.

    https://leverageedu.com/blog/bachelor-of-management-studies/
    It is the process of supervising and

    controlling the business affairs of

    the organization.

    https://tradebrains.in/analyze-management-company-investing/
    Management has always been a core
    aspect of every business.

    https://www.designrush.com/trends/business-growth
    Good management can bring the company
    profit and reputation while poor management
    can just throw the company out of the
    competition.

    https://www.1stformations.co.uk/blog/most-businesses-fail-in-the-first-3-years-here-are-the-reasons-why/
    Management also involves
    establishing a business
    environment for the
    employees and employers so
    that they can work together to
    achieve the organization's goal
    successfully and competently.

    https://www.sagesolution.com.ph/departments-benefit-business-management-consultant/
    "Good management is the art of
    making problems so interesting and
    their solutions so constructive that
    everyone wants to get to work and
    deal with them."
    - Paul Hawken

    https://www.3blmedia.com/news/digging-deep-paul-hawken
    The Importance of

    Management

    The importance of management can


    never be underestimated or ignored as
    it's a proven fact that success of a
    company entirely depends on how well
    it is managed.

    https://myva360.com/blog/12-small-business-goals-to-set-in-2020
    Aligning Goals
    A company consists of

    employers and several

    employees who work

    together.

    https://applebymall.co.uk/goal-setting-for-your-business/
    Best Utilization of

    Resources

    Every employee has their own field where they


    expertise. Through management, the employees
    are given work related to their field of
    knowledge.

    https://gbsn.org/conference/beyond2021/learners-track/business-resources/
    Reducing Cost

    Management helps to combine all the


    factors of productivity and organize them.

    https://importanceoftechnology.net/the-role-of-technology-in-reducing-business-costs/
    Increasing Efficiency

    The main aim of the company is to get the most


    efficient result i.e. to achieve maximum profit by
    maximizing the output and minimizing the input.

    https://www.reviewob.com/what-most-helps-create-productive-employees/quality-speed-efficiency-and-cost/
    Surviving in a Dynamic

    Environment

    Management helps the company to adapt to


    the changing environment in order to remain
    successful.
    Tackling Competition

    In the modern business environment, one can


    pursue their organization in large markets
    through proper management.
    Reference:

    https://www.feedough.com/importance-of-management-
    in-business/

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