Essentials for Prosperity of Society

Question

Describe ‘Essentials for Prosperity of Society’ objective of management.

Answer 1

Proficient management leads to the better economical production that helps in turn to raise the welfare of people.

Good management makes a hard task simpler by avoiding wastage of limited resource. It enhances standard of living. It raises the profit that is beneficial to business and society will get utmost output at minimum cost by making employment opportunities that produce income in hands. The organization comes with latest products and researches beneficial for society.