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Showing posts from December, 2022

Critical Ingredient in the Management

  Critical ingredient in the management is important because of the following reasons: ➤  Efficiency and effectiveness of human efforts : Management tries to combine the resources of an organisation in the most productive so as to maximise the benefits and minimise the wastage. This leads to efficiency. Management insists on using innovative ideas to bring out quality and effective products. It creates balance between effectiveness and efficiency of human efforts.   ➤ Harmony in work: Employees who come from different backgrounds have different qualifications and different  styles of working. If everyone is allowed to follow their own style of working, it can lead to chaos and confusion in the organisation. Management brings uniformity in their efforts leading to systematic working with good results. ➤ Nation’s growth: Economic growth of a country depends on how efficiently resources are being utilised. Efficient management makes optimum utilisation of resources. It brings effe