Skip to main content
Question
Management
Asked a question 2 years ago

Why management is too important for Business?

Where am I?

In StartupTalky you can ask and answer questions and share your experience with others!

Sayantika ChatterjeeTop Contributor
I am a literature student from University of Calcutta and came here to contribute.

Management is basically defined as the maintaining and taking charge of the ongoing that is happening in a company or business. It is very necessary when you are dealing with hundreds of people at the same time. One needs to divide the tasks between people because apparently everyone is working towards the same goal, that is, betterment of the business. A proper management ensures efficiency and effectiveness. The whole process involves planning, directing, organising and taking hold of the things. 

So, why management is important for a business? First and foremost, it helps to achieve our desired goals. A manager need to have a control over his or her employees so that they do not loose focus from their work, leading to wastage of time. He or she mainly guides the way through the whole journey. 

Secondly, it increases the efficiency of work through proper planning within a limited period of time using limited amount of resources. No one got abundant time and resources. Everyone has their own share. Management helps to bring out the potential of the resources. 

Thirdly, one can easily get demotivated doing the monotonous work every day. The manager here comes for the rescue. He or she keeps the spirits of the company up, helping the employees achieve their goals, whether it's personal or company wise. 

Last but not the least, binds the company or business together, no matter what. Keeps every thing under control and avoids chaos.