Describe any five reasons which clarify that management is gaining importance day by day.

0 votes
15 views
asked Jan 10, 2018 in Business Studies by jisu zahaan (28,760 points) 26 376 816
Describe any five reasons which clarify that management is gaining importance day by day.

1 Answer

0 votes
answered Jan 10, 2018 by faiz (82,347 points) 6 6 11

1. Multidisciplinary: Management uses multidisciplinary or several disciplines/subjects like economics, physiology, mathematics, etc. Simultaneously that benefits an organization.
2. Goal oriented: An effective management aims at attaining goal of an organization. Accordingly, all functions and efforts by the management are directed towards achieving these goals.
3. All Pervasive: Management is pervasive or involves human activity across different course of action and level of business.
4. Dynamic function: As a business keeps changing continuously under varying trends, past preferences, etc. Management is also characterized by continuous changes, activities and vigour that creates energy among individuals in an organization to work suitably.
5. Continuous process: Activities under management are conducted as a continuous process with distinguishable and specific activities, techniques and procedures which cannot be performed simultaneously.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

One Thought Forever

“There is a close connection between getting up in the world and getting up in the morning.“
– Anon
~~~*****~~~

...