All activities performed by a manger to get things done through others are known as management. In different words, management is to handle human and other resources tactfully for the achievement of organizational goals. It’s common in all organized activities. It’s an train of harmonizing males, money, machines, materials and methods towards fulfilling the defined objectives.

Check our list of traits of enterprise management

Goal oriented

Each organization is established for a selected objective. Management is an instrument or system that contributes for the efficient use of human and different resources to achieve predetermined objectives. The primary goal of enterprise administration is to maximise productivity with optimum use of human effort.

Universal activity

Administration is essential where human activity exists. The process of business management could also be different from organization to organization but the primary principles of management are same. It can be said that the management rules are universally applicable.

Social process

Enterprise administration is a part of social process. Management achieves its objectives by, with, and thru the people. It utilizes human resources for the achievement of organizational goals. Administration has to consider not only the organizational goals but additionally the social objectives. It has to fulfill the wants of employees within the organizational resources.

Dynamic/modifiable activity

Administration is a dynamic and steady process. The administration system of right now will not be applicable or efficient for tomorrow. Therefore, management should be dynamic and versatile with the changing atmosphere of the society. Administration has to switch its model according to the time and situation. This flexibility is essential for a company to adjust with the altering setting of the business.

Group activity

The concept of business management isn’t applicable if there may be only one particular person or proprietor. It represents a workforce, class or section of people involved in varied managerial functions. It is essential if there’s a group of individuals involved in performing any activity to achieve widespread goals. Management defines the creatority, responsibility and procedures to perform specific work.

Distinct process

Management as a process includes numerous types of functions. One function of administration is interrelated with one other function. The administration clearly defines the particular process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.

Each science and art

Science is a systematized body of knowledge, principal or fact that’s experimentally proved. Equally, art is the personal skill and ability to apply the scientific principles. Administration is both science and art. It’s a science because it relies on some primary rules of universal application. It is also an artwork because skill and ability is required for performing managerial functions.

A profession

Profession includes the specific type of work, adopted by special knowledge and education. With the development of joint stock corporations and multinational corporations the ownership and administration has been different. Administration of big organizations has been entrusted in the fingers of professionals having particular skill and knowledge.

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