All activities performed by a manger to get things carried out by others are known as management. In different words, administration is to manage human and different resources tactfully for the achievement of organizational goals. It is common in all organized activities. It is an exercise of harmonizing males, money, machines, materials and strategies towards fulfilling the defined objectives.

Check our list of traits of enterprise management

Goal oriented

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

Common activity

Administration is essential the place human activity exists. The process of business administration may be totally different from organization to organization however the basic ideas of administration are same. It can be said that the management principles are universally applicable.

Social process

Business management 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 aims but additionally the social objectives. It has to fulfill the wants of workers within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and continuous process. The administration system of in the present day might not be applicable or efficient for tomorrow. Therefore, management must be dynamic and flexible with the changing environment of the society. Management has to switch its style according to the time and situation. This flexibility is essential for an organization to adjust with the altering environment of the business.

Group activity

The concept of business administration will not be applicable if there’s only one particular person or proprietor. It represents a group, class or part of people concerned in various managerial functions. It’s essential if there is a group of people involved in performing any activity to achieve frequent goals. Administration defines the writerity, responsibility and procedures to perform specific work.

Distinct process

Administration as a process involves numerous types of functions. One function of management is interrelated with another function. The administration clearly defines the precise process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.

Each science and artwork

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

A profession

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

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