Question

State any five reasons which clarify that management is gaining importance day by day.

Answer 1

Any five reasons which classify that management is gaining importance day by day are:

1. Management helps in achieving group goal.

2. Management improves efficiency by minimizing the wastage of resources that is time, money and effort.

3. Management creates a dynamic organisation which adapt the changing business environment.

4. Management helps in achieving personal objectives.

5. Management helps in development of the society.