Why Is Management Important?

Author Topic: Why Is Management Important?  (Read 1252 times)

Offline Tanvir Ahmed Chowdhury

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Why Is Management Important?
« on: January 12, 2017, 02:55:56 PM »
All organizations rely upon group efforts to achieve goals.  And whenever two or more people are required to work together, management is necessary.  According to the U.S. Bureau of Labor Statistics, management positions are projected to continue to grow by an average of 7% percent.  If that is not enough reason to become a believer in management, maybe the reasons below will:
•   Accomplish goals – It is possible to accomplish goals without management, but it would be extremely difficult.  With proper management, an organization is allowed to plan and balance their resources in such a way that every task is completed.  This does not only relate to businesses, but it also applies to our lives.
•   Be more efficient – There are only so many hours in a work day, so it beneficial to make the most of it.  The last thing a company wants its employees to do is to waste time.  With good time management skills, companies are able to get as much work done as possible with the time given to them.
•   Make better decisions – The choices a business makes can make the difference between being successful to being a complete disaster.  Therefore, making rational decisions is vital for a company if they want to do well. With good time management, they will have more time to weigh out the positives from the negatives in their decision making.
•   Earn more profit – When all of the other benefits mentioned above are met, it will usually equal to an increase of profit for the company.  The most successful and profitable businesses in the world attribute a lot of it to their management skills
Tanvir Ahmed Chowdhury

Assistant Professor
Department of Textile Engineering
Faculty of Engineering
Daffodil International University

Offline shalauddin.ns

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Re: Why Is Management Important?
« Reply #1 on: January 17, 2017, 09:13:35 AM »
Thanks for the post.

Offline subrata.te

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Re: Why Is Management Important?
« Reply #2 on: July 19, 2017, 01:08:23 PM »
A very useful post for the graduates. Thank you Sir. I want to add that, these days management is considered as the parallel dimension of Leadership. And both are important to effectively run any organization. So it is also important to consider leadership study while understanding management and managers.
- Subrata Majumder
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Offline Md. Saiful Hoque

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Re: Why Is Management Important?
« Reply #3 on: January 02, 2018, 11:45:44 PM »
Nice post
Lecturer,
Department of TE,
Faculty of Engineering, DIU

Offline munira.ete

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Re: Why Is Management Important?
« Reply #4 on: January 08, 2018, 10:25:35 AM »
Nice post