Describe any five reasons which clarify that management is gaining importance day by day.

No doubt, Management is gaining importance day by day. Following points highlight its importance.

1. Multidisciplinary: Management uses multidisciplinary or several disciplines / subjects like economics, physiology, mathematics, etc. Simultaneously that benefits an organization.
2. Goal oriented: An effective management aims at attaining goal of an organization. Accordingly, all functions and efforts by the management are directed towards achieving these goals.
3. All Pervasive: Management is pervasive or involves human activity across different course of action and level of business.
4. Dynamic function: As a business keeps changing continuously under varying trends, tastes, preferences, etc. Management is also characterized by continuous changes, activities and vigour that creates energy among individuals in an organization to work suitably.
5. Continuous process: Activities under management are conducted as a continuous process with distinguishable and specific activities, techniques and procedures which cannot be performed simultaneously.