Important of business management
Management tries to integrate the objectives of individuals along with organizational goal. Management directs the efforts of all the individuals in the common direction of achieving organizational goal. In an organization employee come form different backgrounds. They have different backgrounds. They have different attitudes and different style of working and if every one starts following his own style, it can lead to chaos and confusion in the organization. By giving directions managers bring uniformity and harmony in the action of employees. Management tries to reduce the cost and improve productivity with minimum wastage of resources. Management insists on efficiency and effectiveness in the work through planning, organizing, staffing, directing and controlling. Efficient management always has multiple objectives, they give due importance to social obligations, towards different groups of people such as employees, customers, suppliers etc. it insists on providing quality goods, competitive salary, create employment opportunity etc. by increasing production management also contributes to increase in Gross Domestic Product and leads to growth of nation.