1. Management brings together all available resources like human, financial, and material resources and utilizes them optimally to achieve organizational objectives efficiently. It helps organizations grow, expand, and diversify through effective achievement of goals. 2. Management reduces absenteeism and turnover by motivating employees through incentives and team building, improving productivity and profits. It also encourages innovation by developing a culture that brings new ideas and techniques. 3. Management minimizes waste of resources and motivates employees to do so, bringing higher returns. It always builds team spirit for unity and prosperity within the organization.

1. Need,
Importance
of
Management
By
Asst. Prof. Pratibha Dabhade-Raysoni

2. 1. Management utilizes all resources
to the optimum level.
Management brings all the available resources
together. All these available resources are important
for achieving the objective of the organization which
are:
•Human resources,
•Money,
•Material resources,
Management uses all resources to the optimal level.

3. 2. Expansion and diversification is possible
because of management.
Management helps the organization
to achieve its objectives efficiently,
systematically, easily and
quickly. It helps the organization to
face the cut-throat competition to
grow, expand and diversify.

4. 3. Management reduces employer’s absenteeism
and turnover
Management motivates people. It provides
different incentives to the employees. These
incentives increase the willingness and efficiency of
the employees. This increases the productivity and
profitability of the organization.
Management also develops team spirit and
increases the efficiency within the organization. It in
addition reduces labor turnover and absenteeism.

5. 4. Management encourages initiative
and innovation
Management encourages initiative. This means
it initiative the employees to make their own plans
and to execute these plans. It inspires the employees
to give their suggestions. Initiative gives satisfaction
to the employees and success to the organization.
Management in addition encourages
innovation. It brings good work culture in an
organization. Good work culture brings innovative
ideas, modern methods, and latest techniques to the
organization.

6. 5. Management minimizes wastages
Management minimizes the wastages of human,
material and financial resources. Work is done through
arrangement and coordination of different resources,
and control over it. Managers motivate employees to
reduce wastages. Reduction in wastage's brings a
higher return to any organization.

7. 6. Management always builds a team spirit
Management always builds a team spirit in the
organization. The combine effort of work and unity
lead to the prosperity within the organization. Team
work plays an important part in the success of
organization.

8. 7. Management motivates employees
Management motivates employees by sharing
their profits by the mean of bonus. They also give a
good amount of incentives to the employees. This
motivation zeal the employee to work harder, which
results in higher efficiency in production.

9. 8. Reduction in labour turnover
Management helps to reduce labor turnover in
the organization. Employee turnover takes place when
some employees leave the organization, and others
join in their place. Frequent labor turnover increases
selection and training cost. A high labour turnover
rate is considered to be unfavorable for the
organization’s stability and can even result in a
temporary shutdown.
Management creates a sense of responsibility
among the employees who brings down labor
turnover.

10. 9. Improves the quality of life of the workers
Management provides bonus and incentive to
the employees for their work. It gives a healthy work
environment to the workers. It also provides medical
and insurance faculties to worker and their families. It
provides a financial stability which helps in boosting
life of the workers.

11. 10. Management creates good relations among
employees and the employers.
Management gives more importance to the ‘Human
Element’. It applies positive motivation. All this
improves the relations between the employees and the
employers.

12. 11. Reputation
Efficient and effective management maintains a
good image and goodwill of organization. This is
because consistency in the quality of products and
services offered by the organization and also due to
the social responsibility of organization towards
society.

13. 12. Helps facilitate good communication
Good directing helps to build a two-way
channel of communication between the leadership and
subordinates. Employees can express themselves, and
as a result, matters arising are address appropriately.
Communication is a crucial contributor to the
performance of an organization so it can never be
ignore.

14. Conclusion:
The need and importance of Management are
universally accepted.
The survival progress and success of an organization
greatly depend on its management. There is a wide
gap between Europe and Asia. This gap is called the
‘Science and Technology Gap.’ Even so, in reality, it i
s the ‘Management Gap.’ Japan and Germany were
totally destroyed in the second world war but today
these countries are highly developed. This is because
these countries are well managed.
So, management is required in all aspects of life.

15. References
School management- Principles and Practices
- by Rajput Kuldeepsinh
https://impoff.com/importance-of-management/
http://articles-junction.blogspot.com/2013/08/need-importance-significance-role-of.html