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    Rizwan Khan
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    This document discusses the importance of management. Management helps achieve group goals by coordinating individuals. It increases efficiency by using resources optimally to reduce costs and boost productivity. Management also creates a dynamic organization by helping employees adapt to change so the organization can survive and grow with a competitive edge. Additionally, management achieves personal objectives through motivation and leadership while pursuing organizational goals, and contributes to societal development by producing quality products, jobs, and technologies.

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    This document discusses the importance of management. Management helps achieve group goals by coordinating individuals. It increases efficiency by using resources optimally to reduce costs and boost productivity. Management also creates a dynamic organization by helping employees adapt to change so the organization can survive and grow with a competitive edge. Additionally, management achieves personal objectives through motivation and leadership while pursuing organizational goals, and contributes to societal development by producing quality products, jobs, and technologies.

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    4 views9 pages

    Bs 2

    Uploaded by

    Rizwan Khan
    This document discusses the importance of management. Management helps achieve group goals by coordinating individuals. It increases efficiency by using resources optimally to reduce costs and boost productivity. Management also creates a dynamic organization by helping employees adapt to change so the organization can survive and grow with a competitive edge. Additionally, management achieves personal objectives through motivation and leadership while pursuing organizational goals, and contributes to societal development by producing quality products, jobs, and technologies.

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    of 9

    CHAPTER – I

    NATURE AND SIGNIFICANCE OF


    MANAGEMENT
    IMPORTANCE OF MANAGEMENT
    1. MANAGEMENT HELPS IN
    ACHIEVING GROUP GOALS

    • Management creates teams and coordinates with


    individuals to achieve individual goals along with
    organizational goals .
    2. INCREASES EFFICIENCY

    • Management increases efficiency by using


    resources in the best possible manner to reduce
    cost and increase productivity.
    3.CREATES DYNAMIC
    ORGANIZATION

    • Management helps the employees overcome their


    resistance to change and adapt as per changing
    situation to ensure its survival, growth and its
    competitive edge.
    4. ACHIEVING PERSONAL
    OBJECTIVES

    • Through motivation and leadership management


    helps the individuals in achieving personal goals
    while working towards organizational objective.
    5. DEVELOPMENT OF SOCIETY

    • Management helps in the development of society


    by producing good quality products, creating
    employment opportunities and adopting new
    technologies.
    THANKYOU

    Anas Khan

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