Importance of management are:
(i) Management helps in achieving group goals: Management helps in achieving the goals of the organisation by assembling and organizing the necessary resources and building the proper organisation structure, which acts as a vehicle to reach the desired result.
(ii) Aim at increasing efficiency: Management increase efficiency by reducing cost and increasing productivity through better planning, organising, directing and controlling the acti-vities of organisation.
(iii) Create dynamic organisation: In order to be successful, an organisation must change itself and its goals according to the needs of environment. Management helps employees to adapt changes so that the organisation is able to maintain its competitive edge.
(iv) Help in development of society: Management helps the society to develop through providing good quality of products at reasonable rate, increasing employment opportunities, adopting new technology and leading the path towards growth and development.