Monday, 20 June 2016

Why Is Management Important ?

                      Management is the real stuff behind any organisational success . 

A good ,well researched, and scientific management ensures maximum output from a given amount of input.
I state the following reasons for the need of a good management system in an organisation.

1) Real completion in the market : The growing organisational competition has made it clear that maximum economy should be obtained in production . This calls for an organised management to secure the best result .

2) Production Efficiency : A good and scientific management is a dynamic force behind an organisation . It helps in increasing plant efficiency by reducing wastage of time , material and money .
3) Organisational peace : The most important factor for the success of an organisation is industrial peace . a good management ensures cordial relationship between employer and employees . This prevents strikes ,lock outs and so on .

4) Limited financial resources :Due to limited financial resources , it is very essential that factors of production are controlled effectively . This is possible only if industry is run by a well organised management .

5) Expansion of industries : As the size of an industry increases resulting in increased labor , machinery and building , it becomes essential to concentrate more on proper management to harvest the the benefits of large scale production.

6) Complexity of industries : Modern industries have grown quite big in size and large number of jobs are to be performed . For this , large number of departments are required which can be governed only by good industrial organisation.

Enjoy Reading 
HPS Cheema (JBIT Dehradun )
                                                               
http://www.jbitdoon.com/                                                           
       

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