·
Management is a critical element in
the economic
growth of a country
o
By bringing together the four factors of
production management men, money, material, and machines enables a country to
experience a level of economic development. Peter Drucker rightly observes that
without management, a country’s resources of production remains resources and
never become production.
·
Management is essential in all organisational efforts; business or any other enterprise.
o
Enterprise is a business, government agency,
hospital, university or any other type of organisation.
·
Management is the dynamic,
life-giving element in every organisation.
o It
is the element that
coordinates current organisational activities and plans future ones. In the
words of Claude S. George, management is “the central core of our national as
well as personal activities, and the way we manage ourselves and our
institutions reflects with alarming clarity what we and our society will
become.”
