Where Does Management Fit in With Engineering Career?

Engineering students in general fail to appreciate the importance of management discipline in their "future" career and as a student regard management course as something "foreign" and an "unrelated" to the chosen profession. This attitude of course is understandable given their parochial exposure to real world. As a student you might also have entertained such an attitude and within a short span of time after entering the world of work, you might have felt that " I should have taken management course bit seriously for my own benefit."
Students are always students and the current batch of students(2009-10) who will be studying a course in Management & Entrepreneurship are no different. However they are lucky in a sense to have alumnus like you who can help them change this (rather undesirable) attitude by way of advice, anecdote etc. So kindly tell your juniors what is the "Importance of Management in Engineering career?". More specifically you may describe one or more management principles you came across in working life that you can relate back to management course that you studied ( say annual appraisal meeting etc) and impress upon them. Please put your inputs as comments to this post