Importance of Management

In this world, resources are limited, but human needs are insatiable.Management has important role to play at society , organisational and individual levels.

At larger context management has following importance for society.

1. Sustainable use of resources- Since civilizations have to satisfy their needs but also to care the needs of next generations, since use of resources should be made in the way that they should not deplete but enough restored and conserved for next generations.
2. Need satisfaction of society- Management is responsible for the functioning of organizations which are established to satisfy the needs of society. Organisations serve the society by offering goods and services to satisfy the needs.
3. Employment to public- Management offers employment to workers.
4. Increased per capita income- By employment people earn their livelihood and their income is increased
5. Improved quality of life- Increased income and good service and production facilities are resulted in good quality of life for people.
6. Management is needed in any type of social organisation regardless of what product it offers.

At organisational level Management is very important because- 

1. It makes efficient use of resources. 
2. Gives organisations a clear purpose and direction
3. No organisation can exist without some sort of 'management' and few people who can take care of managerial roles.
4. Management is a major factor of production like man, machinery, manpower and material.
5. Management brings innovations and new energy in the organisation and prevents the natural decline of an organisation. It means each organisation can go to decline with course of time due to entropy, but this is management who brings innovations and new energy,skills and technology into organisations and prevent them from decline( responsible for maintaining negative entropy

 An individual also needs to manage his daily affairs,career, public and even personal life. Avoidance of management at present times is not possible. It is all pervasive.