Importance of management

"Management is life giving element in every business ,without it ,the resources of production remain resources and shall never become production" -Peter Drucker

"No organisation can be successful for a long time without effective management . To a large extent the achievement of social ,economic and political objectives depends on the able managers." ----Terry

So we can say that without management nothing will be take place 

management for achieving goals of the organisation
mangent for create a dynamic organisation
management for increase efficency
management helps in achieving personal objectives
management helps in the development of the society
management ensures optimum utilisation o resources

OBJECTIVES OF MANAGEMENT


ARE DIVIDED INT O THREE

Organisational                              Social objectives                                    Personal objectives
a. survival                                 a.quality goods and service             a.financial needs (wages)
b. profit                                     b. at reasonable price                      b.peer recognition
c. Growth                                  c.financial support to community  c.personal growth etc     

LEVELS OF MANAGEMENT

THE CAIN OF  AUTHORITY -RESPONSIBILITY RELATIONSHIP IS CALLED
LEVEL OF MANAGEMENT.
Top Management:-
Board of directors ,CEO, CHIEF  OPERATING OFFICER  ,Chairman,Managing Director ,General Manager,president and vice prsident

Middle management :- 

Functional manager,Departmental Heads such as finance manager ,production manager marketing manager operation manager or plant superintendent

Lower level management

Supervisor,Foreman,Inspector etc.

Top Level performing the functions like-----planning and Organising
Middle Level performing the functions like ----staffing and directing
Lower level performing the function  ------- controlling
Management is considered a three -tier activity .The top level management focuses on determination of objectives and policies, Middle level attempt to achieves these objectives through the efforts of lower level managers.