Any company that does not have a designated person as manager will find that it is much more difficult to lead the company to success. Having management in place is extremely important for several reasons.
Goal Achievement
Every company should set goals for itself. Normally it is management that is responsible for seeing that the goals are reached. They can do this by meeting their responsibilities as a manager.
Implementing and Using Resources
Employees need to have access to all the resources that they need to carry out their tasks. It is the manager who will identify these resourc
es and then make sure that the employees are fully educated on how to use them. If the employees do not have clarity, then they are not able to carry out their tasks as efficiently as they should.
Cost Reduction
Many of the tasks that a manager completes goes a long way in reducing the costs of a company. For example, making sure that the right employees are filling the right positions helps to increase productivity and reduce employee replacements.
Organization
A company that is going to be successful must be organized. If it isn’t, then it affects the company’s bottom line. Management plays a key role in keeping the company organized.