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Educational Management

Notes special efforts including provision of facilities and incentives. Motivation is actually inspiring
and encouraging people to work more and contribute more to achieve organisational objectives.
It is a psychological process of great significance.
8. Communicating: Communication (written or oral) is necessary for the exchange of facts,
opinions, ideas and information between individual's and departments. In an organisation,
communication is useful for giving information, guidance and instructions. Managers should
be good communicators. They have to use major portion of their time on communication in
order to direct, motivate and co-ordinate activities of their subordinates. People think and act
collectively through communication.

According to Louis Allen, "Communication involves a systematic and continuing process
of telling, listening and understanding".

6.7 Importance of Management

1. Optimum utilisation of resources: Management facilitates optimum utilisation of available human
and physical resources, which leads to progress and prosperity of a business enterprise. Even
wastages of all types are eliminated or minimized.
2. Competitive strength: Management develops competitive strength in an enterprise. This enables
an enterprise to develop and expand its assets and profits.
3. Cordial industrial relation: Management develops cordial industrial relations, ensures better
life and welfare to employees and raises their morale through suitable incentives.
4. Motivation of employees: It motivates employees to take more interest and initiatives in the
work assigned and contribute for raising productivity and profitability of the enterprise.
5. Introduction of new techniques: Management facilitates the introduction of new machines and
new methods in the conduct of business activities. It also brings useful technological
developments and innovations in the management of business activities.
6. Effective management: Society gets the benefits of efficient management in terms of industrial
development, justice to different social groups, consumer satisfaction and welfare and proper
discharge of social responsibilities.
7. Expansion of business: Expansion, growth and diversification of a business unit are possible
through efficient management.
8. Brings stability and prosperity: Efficient management brings success, stability and prosperity
to a business enterprise through cooperation among employees.
9. Develops team spirit: Management develops team spirit and raises overall efficiency of a business
enterprise.
10. Creates sound organisation: A dynamic and progressive management guarantees development
of sound Organisation, which can face any situation - favorable or unfavorable with ease and
confidence.

Give names of some mega projects which have fulfilled by proper managements.

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