Management is an indispensable element for the establishment, proper functioning, and success of all organizations social, political, religious, charitable or business units. If effectively and efficiently organizes and utilizes the human and non-human resources and directs them towards the accomplishment of organizational goals. The concept and practice of management are assuming immense significance in the present day environment.
1. The accomplishment of the organizational goal
Management achieves the organizational goals by properly planning, organizing, staffing, directing, controlling the activities and affairs of the organization. The success of any business organization depends on the extent of its effective and affairs of the organization. The success of any business organization depends on the extent of its effective and efficient attainment of the predetermined objectives or goals by properly utilizing its human and physical resources and facilities, and by coping well with its business environmental elements, such as consumer, suppliers, competitors etc.
2. To run large-scale industry smoothly
production enjoys some certain advantages over small-scale production but silently faces some difficulties also. The main difficulty faced by the enterprise having large-scale production is to coordinate the activities and to manage the distribution of goods and services. Business administration and management help the enterprise in overcoming these problems. With the help of business administration and management, the business enterprise can carry out the large-scale production easily and can manage the proper distribution of goods and services.
3. Proper running of the business
Management successfully leads and motivates the workers to put their maximum efforts, skills, ability, experience in performing their duties and responsibilities.
4. Designing of good and organizational structure
People in an enterprise must be properly organized into well constituted purposeful groups in order to create cooperation and coordination in their thinking and activities. Only then, they will be able to contribute effectively and efficiently towards the achievement of group goals and ultimately the business subjective. For establishing proper control positions and also clear relationships between and among them, the management designs, the required organization structure, and also fill the created positions with right persons.
5. Creation of proper organization climate
The good working climate is a must for people to perform their task and responsibilities enthusiastically and economically. Managers create proper organizational climate by establishing effective reward system, problem-solving system etc.
6. Creating and maintain coordinating
If people in the organization perform their individual activities without caring for and knowing about their linkages with one another, such scattered activities and efforts shall result in all futile exercise, productivity will be hampered. Results shall be dismal and disappointing and objectives shall remain unattained. Hence proper integrates ideas, men, physical resources into an effective operating unit. create and maintain coordination among human and material resources towards the achievement of organizational objectives.
Other Assignments
