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According to Drucker, "Management is the dynamic life-giving element in every organization. Without it, the resources of production remain resources" It is the activating force that gets things done through people. Management is an art of getting things done through others and than seeing it that they do it in best & cheapest way.
The importance of management can be understood from the following points.
- Management helps in achieving group goals. An organization sets certain goals. Management aims at achieving such goals by directing the individual efforts. Management have to coordinate the efforts of all departments towards the goal of the orgnization.
- Management increases efficiency With proper planning. organising, staffing. directing and controlling the activities of the organisation, management increases the efficiency and effectiveness of workers by producing maximum output with minimum cost and in giving time period.
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