• Ans – Achieves group goals: management gives common direction to individual efforts and avoids conflicting priorities.
• Increases efficiency: sound planning, division of work and control reduce costs and improve resource use.
• Creates a dynamic organisation: employees receive support to adjust to new methods, technology and market conditions.
• Helps achieve personal objectives: motivation, fair rewards and development connect employee aspirations with organisational success.
• Contributes to society: productive enterprises provide useful goods, employment, innovation and responsible use of resources.

The expression “Anything minus management is zero” stresses that money, machines and materials do not organise themselves. Management combines them through people to create useful results; the expression is a practical emphasis, not a mathematical identity.