Explain how management 'increases efficiency' and 'helps in the development ofsociety'.

(ii) Management Creates a Dynamic Organisation: Every organisation works in an everchanging environment. To face the changing environment, many changes need to be madein the organisation as well. But people resist changes. Manager creates a favourableenvironment through introducing employees to the benefits arising by adapting changes.

(iii) Management helps in achieving Personal Objectives: Every employee wants to getsuitable remuneration, a share in profit, participation in management, promotion, etc. in theform of his personal objectives. This objective can only be achieved, if they work while usingtheir full abilities. Managers make employees able through motivation, good leadership andopen communication. As a result, they attain their individual objectives.

(iv) Management helps in the Development of Society: Management has someresponsibility towards society. Managers by fulfilling their social responsibilities help in thedevelopment of society. These responsibilities are to provide employment opportunities, toprevent environment from getting polluted, to make available good quality products at areasonable price, etc.