All activities performed by a manger to get things executed via others are known as management. In other 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, cash, machines, supplies and methods towards fulfilling the defined objectives.

Check our list of characteristics of enterprise management

Goal oriented

Every organization is established for a particular objective. Management is an instrument or system that contributes for the environment friendly use of human and different resources to achieve predetermined objectives. The primary objective of business administration is to maximize productivity with optimum use of human effort.

Universal activity

Management is essential the place human activity exists. The process of business management could also be different from organization to organization but the primary ideas of management are same. It may be said that the management rules are universally applicable.

Social process

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

Dynamic/modifiable activity

Management is a dynamic and steady process. The management system of right this moment may not be applicable or effective for tomorrow. Due to this fact, administration should be dynamic and flexible with the altering setting of the society. Management has to change its model according to the time and situation. This flexibility is essential for a corporation to adjust with the altering atmosphere of the business.

Group activity

The idea of enterprise administration just isn’t applicable if there is only one individual or proprietor. It represents a staff, class or section of individuals concerned in varied managerial functions. It is essential if there is a group of people concerned in performing any activity to achieve frequent goals. Management defines the authority, responsibility and procedures to perform specific work.

Distinct process

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

Both science and art

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

A profession

Profession entails the specific type of work, adopted by particular knowledge and education. With the development of joint stock corporations and multinational firms the ownership and administration has been different. Management of huge organizations has been entrusted in the hands of professionals having specific skill and knowledge.

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