Relationship of Management Methods with the Organizational Performance in the Form of Financial or Non-Financial.

Chapter 1
1.0 Introduction
Why do some companies earning high profits and succeed while other companies fail and incurring losses (Jones and Hills 2010)? One of the reasons is because some organizations failed to understand and adapt themselves well into the business environment. The business environment today has become increasingly dynamic, complex and competitive (Palmer and Hartley 2009). The rapid evolvement of technological and other elements in business environment has brings numerous opportunities and threats to an organization (Kumar and Suresh 2009). Therefore, business organizations need to exploit the opportunities and eliminates those threats in order to gain competitive advantages for performance improvement, survival and profit maximization purpose. One of the best ways to gain maximum organizational performance is by having effective management in the daily operation of an organization.
Management is essential in every organization such as business firm, hospital, education institution etc. (PreservereArticle 2012). This indicates that a business will not be able to survive and success without management as management is the catalyst for human resource, raw material and capital to be transformed into output (DailyOjo 2009). In the past, there are some people might question the significance of management, but the latest research has indicated the significance of management in today’s business world (DailyOjo 2009). There are many benefits which are outlined in management. For example, management optimizes the utilization of human and non-humankind resources which brings up the progression and wealth of an organization (Parab 2008). Not only that, business organization is able to expand with an effective management (Parab 2008).
Management provide a clearer direction for managers and employees who manage the company (The Times 100 2013). For example, employers and employees would know the right techniques to handle the information, distribution

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