Question

Explain the following points of importance of management :

(i) Management helps in achieving personal objectives

(ii) Management helps in the development of society

(iii) Management creates a dynamic organisation

Hint:

Explain each point in two lines: personal goals are met through motivation and leadership, society gains goods, jobs and growth, and management helps people accept change.

Answer 1

Step 1: Point (i): Management helps in achieving personal objectives:
Every employee joins a firm with some personal aims, such as a good salary or a chance to grow. A manager motivates and leads the team in such a way that these aims are also met.
While members work for the group goal, they are also able to reach their own goals. This builds team spirit, cooperation and commitment to the success of the group.

Step 2: Point (ii): Management helps in the development of society:
A firm serves many groups with different needs. Management helps the firm meet these varied objectives by running it effectively.
In this way management gives to society quality goods and services at fair prices, creates jobs, adopts new technology and promotes growth. A well run firm thus helps in the development of society.

Step 3: Point (iii): Management creates a dynamic organisation:
Every organisation works in an environment that keeps changing. Employees often resist change because it takes them from a safe, known position to a new and uncertain one.
Management helps people accept and adapt to change. This lets the organisation keep its competitive edge and stay alive in a changing world.

Final Answer:
Management helps individuals meet personal aims, helps society through goods, jobs and growth, and keeps the organisation dynamic by helping people adapt to change.