Please explain what management is its significance and any o

Solution

Management in any discipline plays an important role in accomplishing goals by systematically working with different teams and functions and utilizing the company\'s resources efficiently.

A good management can take a company to great heights and can sustain for decades whereas a poor management can turn even a profitable company out of business.

Senior Management decides future path for a company. The middle level management team makes sure that company\'s processes are being followed and the deadlines are being met by employees.

Without good management, it would be tough for employees to decide on the next step as they work in silos and don\'t know the exact final objective to be accomplished. Also, in case of any issues or bottleneck, they would have no direction to overcome it.

Management makes clearly defined roles and responsibilities for every employee so that there is accountability, visibility and transparency.