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State any three points of importance of Management.

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To easily remember the points of importance of Management, remember the acronym GED or G-E-D: - G - Group Goals achievement - E - Efficiency maximization - D - Dynamic organization creation
Updated On: Jul 18, 2026
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Solution and Explanation

Step 1: Identify what the question is asking.
The question wants any three points that show why management is important for an organisation.
Step 2: Recall the concept of management's importance.
Management brings together human and material resources and directs them efficiently toward the goals of the organisation, so its importance can be seen in several ways.
Step 3: Select and explain three clear points.
First, management helps in achieving group goals by arranging resources and integrating them in a way that individual efforts get combined into a common purpose. Second, management increases efficiency by ensuring optimum use of resources and minimising costs while maximising output. Third, management creates a dynamic organisation because it helps the enterprise survive and grow in a constantly changing environment by adapting to new technology and market conditions.
Step 4: State the final answer.
Any three of these points, achieving group goals, increasing efficiency, and creating a dynamic organisation that can adapt to change, form a complete and correct answer to the question.
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