Que: Explain the features and importance of management.
A Features of Management:
Management is a specialty in dealing with matters of time and human relationships as they arise in organizations.
Management is an attempt to create a desirable future, keeping the past and present in mind.
Management is practiced in and is a reflection of a particular historical era.
Management act in a relationship that is a two-way street; each party is influenced by the other. Also, management juggles multiple simultaneous relationships.
Importance of Management:
Management is a function beyond planning, so as to ensure how far the plans are performed and whether those need to be changed depending upon changing environment and conditions.
Major tasks of management make it important for an organization. It is important for an enterprise because it performs the following functions Forecasting
- DX Leadership
- Decision making