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Significance of Management
in Tourism

Presentation by : Aditya Ranjan
Encourages Initiative


Management encourages
initiative. Initiative means to do the right
thing at the right time without being told or
influenced by the superior. The
employees should be encouraged to
make their own plans and also to
implement these plans. Initiative gives
satisfaction to employees and success to
organization.
Encourages Innovation


Management also encourages innovation
in the organization. Innovation brings
new ideas, new technology, new
methods, new products, new services,
etc. This makes the organization more
competitive and efficient.
Facilitates growth and
expansion


Management makes optimum utilization
of available resources. It reduces
wastage and increase efficiency. It
encourages team work and motivates
employees. It also reduces absenteeism
and labour turnover. All this results in
growth, expansion and diversification of
the organization.
Improves life of Staffs


Management shares some of its profits
with the Staffs. It provides the workers
with good working environment and
conditions. It also gives the workers many
financial and non-financial incentives. All
this improves the quality of life of the
workers.
Improves corporate image


If the management is good, then the
organization will produce good quality
goods and services. This will improve the
goodwill and corporate image of the
organization. A good corporate image
brings many added benefits to the
organization.
Motivates employees


Management motivates employees by
providing financial and non-financial
incentives. These incentives increase the
willingness and efficiency of the
employees. This results in boosting
productivity and profitability of the
organization.
Optimum use of resources


Management brings together the
available resources. It makes optimum
(best) use of these resources. This brings
best results to the organization.
Reduces wastage


Management reduces the wastage of
human, material and financial resources.
Wastage is reduced by proper production
planning and control. If wastage is
reduced then productivity will increase.
Increases efficiency


Efficiency is the relationship between
returns and cost. Management uses
many techniques to increase returns and
to reduce costs. Higher efficiency brings
many benefits to the organization.
Improves relations


Management improves relations between
individuals, groups, departments and
between levels of management. Better
relations lead to better team work. Better
team work brings success to the
organization.
Reduces absenteeism and
labour turnover


Labour absenteeism and turnover
increases the cost and causes many
problems in the smooth functioning of the
organization. Management uses different
techniques to reduce absenteeism and
labour turnover in the organization.
Encourages Team Work


Management encourages employees to
work as a team. It develops a team spirit
in the organization. This unity bring
success to the organization.
THANK YOU EVERYONE

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Significance of management

  • 1. Significance of Management in Tourism Presentation by : Aditya Ranjan
  • 2. Encourages Initiative  Management encourages initiative. Initiative means to do the right thing at the right time without being told or influenced by the superior. The employees should be encouraged to make their own plans and also to implement these plans. Initiative gives satisfaction to employees and success to organization.
  • 3. Encourages Innovation  Management also encourages innovation in the organization. Innovation brings new ideas, new technology, new methods, new products, new services, etc. This makes the organization more competitive and efficient.
  • 4. Facilitates growth and expansion  Management makes optimum utilization of available resources. It reduces wastage and increase efficiency. It encourages team work and motivates employees. It also reduces absenteeism and labour turnover. All this results in growth, expansion and diversification of the organization.
  • 5. Improves life of Staffs  Management shares some of its profits with the Staffs. It provides the workers with good working environment and conditions. It also gives the workers many financial and non-financial incentives. All this improves the quality of life of the workers.
  • 6. Improves corporate image  If the management is good, then the organization will produce good quality goods and services. This will improve the goodwill and corporate image of the organization. A good corporate image brings many added benefits to the organization.
  • 7. Motivates employees  Management motivates employees by providing financial and non-financial incentives. These incentives increase the willingness and efficiency of the employees. This results in boosting productivity and profitability of the organization.
  • 8. Optimum use of resources  Management brings together the available resources. It makes optimum (best) use of these resources. This brings best results to the organization.
  • 9. Reduces wastage  Management reduces the wastage of human, material and financial resources. Wastage is reduced by proper production planning and control. If wastage is reduced then productivity will increase.
  • 10. Increases efficiency  Efficiency is the relationship between returns and cost. Management uses many techniques to increase returns and to reduce costs. Higher efficiency brings many benefits to the organization.
  • 11. Improves relations  Management improves relations between individuals, groups, departments and between levels of management. Better relations lead to better team work. Better team work brings success to the organization.
  • 12. Reduces absenteeism and labour turnover  Labour absenteeism and turnover increases the cost and causes many problems in the smooth functioning of the organization. Management uses different techniques to reduce absenteeism and labour turnover in the organization.
  • 13. Encourages Team Work  Management encourages employees to work as a team. It develops a team spirit in the organization. This unity bring success to the organization.