Explain how management increases efficiency and helps in the development of society.

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asked Jan 10, 2018 in Business Studies by jisu zahaan (28,760 points) 26 374 806
Explain how management increases efficiency and helps in the development of society.

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

Management directs organizational goal towards utilizing the physical and human resources provided by the society in an optimal manner. Management uses functions like planning, organizing, staffing, directing and controlling to achieve organizational goals that further leads to good quality and environment friendly products / services and improves overall standard of living of the society.

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