What is Management? Management is a social process entailing responsibility for the effective and economical planning and regulation of the operations of an enterprise, in fulfilment of a given purpose or task, such responsibility involves: Importance of Management Importance of Management – 6 Points According to Drucker, management is the dynamic life-giving element in every organization. It is the activating force that gets things done through people. Without management, an organization is merely a collection of men, machines, money, and material. In its absence, the resources of production remain resources, and never become production. The importance of management can be understood from the following points: 1. Optimum Use ... Discover the importance of management in an organization, its role in success, and how effective leadership drives growth and efficiency. Discover the importance of management in today's business world. Learn how effective management drives growth, innovation, and success across industries.
