The points which clarify that management is gaining importance day by day explained as follows :
(i) Achievement of goals : Management helps in the achievement of goals so that the efforts of all the individuals are organised and directed towards the common goals of the organisation.
(ii) Increases efficiency : An increase in efficiency implies minimising the costs and increasing the productivity through the optimum utilisation of resources. as management helps in optimum utilisations of resources, ithelps in increasing efficiency.
(iii) Creates dynamic organisation : Management helps an organisation to adapt to the changes in external factors such as political, social, environment and economical changes.