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Q."Management is the process of dealing with things or people." Validate the statement by highlighting its importance.

Kerala DhseKerala DHSE Plus Two Commerce Board 2021Subjective· 4mImportance★★★★★
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The statement is correct: management is the process of getting organisational work done through people and resources, and its importance lies in achieving goals efficiently, building a dynamic organisation and developing society.

Management is the process of planning, organising, staffing, directing and controlling the efforts of people and the use of resources to achieve organisational goals effectively and efficiently. So the statement that 'management is the process of dealing with things (resources) or people' is valid — management works both through people and through physical/financial resources. Its importance can be highlighted as follows:

  • Helps in achieving group goals — management gives common direction to individual efforts so that organisational objectives are met.
  • Increases efficiency — by using resources with minimum cost and waste (right combination of men, materials, machines and money).
  • Creates a dynamic organisation — it helps the organisation adapt to changes in the environment and survive competition. …

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