Employees of XYZ Ltd are leaving their jobs due to poor management practices. It results in increasing costs and reducing the talent, present in a business. It is mandatory that business owners should understand the importance of management through personal research or formal education, by which they can improve employees' productivity, eliminate redundancy in processes and increase profits
Explain the importance of management in context to the above discussed case study

Explanation

All organisations depend upon efforts of individuals The goals can be achieved effectively only by analysing or realising the importance of management, as it will help in getting optimum utilisation of resources motivate employees, develop team spirit and lead to smooth functioning in an organisation