Question

How does Management benefit society?

Answer 1

Efficient management creates in the minds of all working personnel a desire to act together as a team to perform their work smoothly. It helps in Achieving Group Goals – It arranges the factors of production, assembles and organizes the resources, integrates the resources in an effective manner to achieve goals. Management teaches you to understand how people behave in organisations, and the nature of power, influence and leadership. These are planning, organizing, staffing, directing, and controlling are the four important factors of management.