Give the meaning of Management and explain how it ‘creates a dynamic organization’ and ‘helps in the development of society’.

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asked Jan 10, 2018 in Business Studies by jisu zahaan (28,760 points) 26 374 805
Give the meaning of Management and explain how it ‘creates a dynamic organization’ and ‘helps in the development of society’.

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

Management is the process of getting things done with the aim of achieving goals effectively and efficiently. Management creates a dynamic organization. In order to be successful, an organisation must change itself and its goals according to the needs of the environment. But people in an organisation resist change as it often means moving from a familiar, secure environment into a newer and more challenging one. Management helps people adapt to these changes so that the organisation is able to maintain its competitive edge. Management helps in the development of society by
1. Providing good quality products and services at reasonable prices,
2. Creating employment opportunities, Adopting new technology, etc.

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