Answers:
1. Encourages initiative
Management provides a platform to all
workers to take equal initiative in developing their enterprise into an
institution and thereby becoming shareholders in the organization.
2. Encourages innovation
This platform encourages workers to come
up with new ideas, new technology, new methods, new products, new services,
etc. thereby ensuring that the organization is more competitive and efficient.
3. Facilitates growth and expansion
Management facilitates growth and
expansion because it not only optimizes utilization of available resources but
also helps in reducing wastage. It increases efficiency by encouraging and
motivating employees for teamwork.