Importance of Managment
Today management is what the modern world is all about. Development that has taken place in the world is due to efficient management. The role of the Management is to move an organization towards its purposes or goals by assigning activities that organization member perform. Good management is the art of making problems so interesting and their solutions so constructive that everyone wants to get to work and deal with them. Management is an individual or a group of individuals that accept responsibilities to run an organization. It encourages initiative. Initiative means to do the right thing at the right time without being told or influenced by the superior. When you show initiative, you do things without being told; you find out what you need to know; you keep going when things get tough; and you spot and take advantage of opportunities that others pass by. You act, instead of reacting, at work. Initiative has become increasingly important in today's workplace. Organizations want employees who can think on their feet and take action without waiting for someone to tell them what to do. After all, this type of flexibility and courage is what pushes teams and organizations to innovate, and to overcome competition. Management also encourages innovation in the organization. But where does the innovation come from? An apple in Newton‘s head sparked to deliver an Idea, which plays a vital role in everyone‘s life till today. Innovation can be considered to be as creativity, i.e., to create new ideas and knowledge creation. Innovation brings new ideas, new technology, new methods, new products, new services, etc. This makes the organization more competitive and efficient. Management shares some of its profits with the workers. It provides the workers with good working environment and conditions. It also gives the workers many financial and non-financial incentives. All this improves the quality of life