Importance of management

Management is not doing the work. It is getting works done.
It is essential to do things efficiently.

• Brings 6M,s together(Men, Material, Machine, Money, Method and Market)
• Develops competitive strength
• Motivates employees
• Helps in innovation / new techniques
• Expansion of business
• Team sprit
• Optimize use of resources
• Achieve group goals
• Establish equilibrium
• Efficient organisation structure and procedures
• Smooth functioning
• Reduces turnover and absenteeism