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Question
Answer the following question:
Management is the dynamic, life giving element in every business. In the context of this statement, explain the importance of management in modern times.
Management is the dynamic, life giving element in every business. In the context of this statement, explain the importance of management in modern times.
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Solution
Management is a
dynamic process of getting things done by others with the aim of achieving
common goals effectively and efficiently.
It is dynamic process as the company
operates in a dynamic environment therefore all the managerial actions are
directed by the dynamic business environment and it is a on-going process as
the management starts at the formation of the company and ends when the company
dissolves.
Management is a dynamic process of getting things done by others with the aim of achieving common goals effectively and efficiently.
It is dynamic process as the company operates in a dynamic environment therefore all the managerial actions are directed by the dynamic business environment and it is a on-going process as the management starts at the formation of the company and ends when the company dissolves.
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