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

Check our list of traits of enterprise management

Goal oriented

Each group is established for a specific objective. Administration is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The primary objective of business management is to maximise productivity with optimum use of human effort.

Universal activity

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

Social process

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

Dynamic/modifiable activity

Management is a dynamic and steady process. The management system of at this time may not be applicable or effective for tomorrow. Subsequently, management have to be dynamic and flexible with the changing surroundings of the society. Administration has to modify its type according to the time and situation. This flexibility is essential for a corporation to adjust with the altering surroundings of the business.

Group activity

The idea of business management is just not applicable if there’s only one individual or proprietor. It represents a crew, class or section of individuals involved in varied managerial functions. It’s essential if there is a group of individuals concerned in performing any activity to achieve widespread goals. Management defines the writerity, responsibility and procedures to perform particular work.

Distinct process

Administration as a process entails varied types of functions. One operate of management is interrelated with another function. The management clearly defines the specific 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 truth that is experimentally proved. Equally, art is the personal skill and ability to apply the scientific principles. Management is each science and art. It’s a science because it relies on some fundamental rules of universal application. It is also an artwork because skill and ability is required for performing managerial functions.

A profession

Profession involves the specific type of work, followed by special knowledge and education. With the development of joint stock companies and multinational corporations the ownership and management has been different. Management of big organizations has been entrusted in the palms of professionals having particular skill and knowledge.