Management is a function, a discipline, a task to be done, and managers practice this discipline, carry out the functions and discharge these tasks-------Peter F. Drucker
Analysis of business failures made over many years shows that a high percentage of these failures was due to unqualified or inexperienced management. The Bank of America has said, in its publication "Small Business Reporter".
"In the final analysis, more than 90% of business failures are due to managerial incompetence and inexperience."
The significance of management is much more in case of developing countries. In recent years development specialists has shown in their research that availabilityof money or technology does not bring development. The limiting factor in almost every case has been the lack of quality on the part of managers.
There are some people or groups who believe that there is no need of management. In fact, they feel that people
Management is critical in the nation's economic and social development also. Efficient management helps a developing country to make better use of resources for the achievement of economic development.
For more of such hot topics read my other posts here :
Visit my new website