Do You know, Which Management Factor is Responsible for Business’ Success and Growth?

by James Jon on Apr 20, 2018 Education 143 Views

As everyone knows that management is a process which very important to live comfortable and progressive life. Today, it is the management of resources that everyone can get the opportunity to avail them and use them. Without the proper management of things, it is very inconvenient to live on this beautiful creation.

Every organization has an aim or goal which it must want to complete or achieve to see the level of success. But is it possible without the factor of management? No. it is not possible. If one wants to get all things done according to their thinking and ideas then he/she must have to develop an organised strategy of actions. These planned actions are termed as management.

The progress, survival and success of an organisation totally depends on the style of management it recommends and adopt. Most of the business houses are stick to an approach that managerial processes are just waste to company but it is very unfair to say this. 

Management is a process which 100% responsible for one’s growth and success. The following points are enough to prove this: -

  • Optimum use of resources – Resources are very important to the company. These are things which are bring together by the management to form a product which can satisfy the needs and requirements of the customers. Management is always working hard to minimise wastage and to utilize all available resources to its fullest.
  • Helps in recognising the strength – it is the management which help the business houses to know about their strong and weak areas for further development and progress. Today all organizations are facing tough competition so to survive in this competitive world is really difficult for the organization but just because of effective management a company can meet any difficult and complex situations very easily and calmly.
  • Best for human resourcing – Human resource are the basic or key source of the company as these are the one who make everything possible. Management gives great support in the arena of human resourcing. It always creates the situation where employees can feel comfortable and secure. It also tries to reduce absenteeism of employees and also plan their transfers, appointment etc for benefit of the company.
  • Selection of best and suitable technologies – It is the management of the organization which decide about the technology which organization needs or required for fast growth and development.
  • Encourages Initiatives and innovation – Management builds confidence among the employees to take initiative & to innovate strategy regarding the execution of plan so to incur maximum benefits to the company and themselves as a whole.
  • Build co-operative relation among the industry – It is best for an organization to build cordial relations among industry so to ensure peace and harmony among all.

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