ltd, 'Why Management Is Important For Business Business Essay' (m, August 2018) p?vref1 accessed Reference Copied to Clipboard. Influencing can be defined as guiding the activities of organization members in the direction that helps the organization move towards the fulfillment of the goals. THE nature OF management, the basic purpose of management in an organization is to clearly tell those persons who work for the organization what they have to do and when and to ensure that they can and. In the absence of planning all the business activities of the organization will become meaningless. This topic in the helps the reader to accomplish a broad understanding of management and the areas of knowledge and skills required to carry out the major functions of management. For example, the rapid growth of technology means that these days things are done quite differently from the way they were done some years back. Planning is concerned with the success of the organization in the short term as well as in the long term (Rothbauer-Wanish, 2009). These days, in the face of increasing competition, companies are becoming more and more complex in order to increase productivity and beat their competitors. Cite This Essay To export a reference to this article please select a referencing stye below: Essays,. Provides The "Feel Good Factor it is extremely important to keep the workers happy for the successful functioning of the company.
Management links ideas and concepts of all these disciplines and uses them for good-self of the organization. The basic principles of management can be applied anywhere whether they are business or non-business organization. In such a scenario, every employee would know his/her basic rights, duties, immediate superiors and subordinates, along with the knowledge of opportunities awaiting him, as his relation with the company grows. Implementing the plan: After having decided the chef plan and the subsidiary plans, they are to be implemented. Happy and de-stressed workers work with more zeal and enthusiasm. Management also uses some principles and specific methods. Leaders follow their own intuition which may in turn be more benefit to the company. This shows that an effective management is one which actually guides the employee onto a path of efficient and productive work, while leading by example. But if these factors are absent / if these factors are non-existent at workplace, then they lead to dissatisfaction. The assumption of planning is two types: Internal premises: capital, labor, raw material, machinery etc.
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