Management establishes equilibrium within an organization to help it adapt to changes in the external environment, utilizes resources efficiently to achieve organizational goals, and leads to greater societal prosperity by increasing economic production and standards of living. Goals can increase motivation, performance, clarify expectations, and facilitate controlling functions within an organization to evaluate progress towards objectives.
Management establishes equilibrium within an organization to help it adapt to changes in the external environment, utilizes resources efficiently to achieve organizational goals, and leads to greater societal prosperity by increasing economic production and standards of living. Goals can increase motivation, performance, clarify expectations, and facilitate controlling functions within an organization to evaluate progress towards objectives.
Management establishes equilibrium within an organization to help it adapt to changes in the external environment, utilizes resources efficiently to achieve organizational goals, and leads to greater societal prosperity by increasing economic production and standards of living. Goals can increase motivation, performance, clarify expectations, and facilitate controlling functions within an organization to evaluate progress towards objectives.
1.One of the important of management is management establishes equilibrium.
It was enables the
organization to survive in changing environment. It keeps also in touch with the changing environment.With the change is external environment, the initial co-ordination of organization must be changed.So it adapts organization to changing demand of market or changing needs of societies. It is responsible for growth and survival of organization.Next, management is essential for prosperity of society.Efficient management leads to better economical production which helps in turn to increase the welfare of people.Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in hands.Organization comes with new products and researches beneficial for society.Besides that,management efficiently utilizes resources. Management utilizes all the physical and human resources productively.This leads to efficacy in management. Management provides maximum utilization of scarce resources by selecting its best possible alternate use in industry from out of various uses. It makes use of experts, professional and these services leads to use of their skills, knowledge, and proper utilization and avoids wastage.If employees and machines are producing its maximum there is no under employment of any resources.Lastly,management achieves organizational goals.First of all organization set the goals of organization set the goals of organization.These goals must be planned for beforehand,and it is up to a good management structure to come up with proposals and plans of how to achieve them.Proper planning ensures that the organization follows a mapped course towards its vision and mission. 2.One of the benefits of goals is Goals can increase motivation.Goals give you hope and something to aspire too.In itself,having a meaningful goal to think about and envision reaching can be very motivating.As you start towards your long-term goals,you are able to accomplish some short-term goals.With those accomplishments,your long term goal becomes more realistic.The more short-term goals you are able to accomplish the more you believe you will reach your ultimate goal.That feeling of accomplishment fuels your desire and continues to motivate you to achieve even more.Next,goals can increase performance.Prioritising your goals also encourages forward planning and a focus on thinking ahead in your work. With this focus will also come less stress as you are better prepared and clear on what work you need to complete and by when. By having concrete goals in place they serve as a guide in the decision making process.Besides that,goals help to clarify expectation. Just as there are expectations for employee behavior, workers should expect certain behaviors and opportunities from their employers.We said that the following expectations are not only essential for employees to have for their management, but also required by law.It was proper training,support and leadership.Lastly,Goals facilitate the controlling function. Organizational control is an important function because it helps identify errors and deviation from standards so that corrective actions can be taken to achieve goals. The purpose of organizational control is to ensure that a specific function is performed according to established standards. 3. Choose ONE (1) organization; draw their functional departmentalization and product departmentalization. (10 marks)