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

Check our list of traits of business management

Goal oriented

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

Common activity

Management is essential where human activity exists. The process of enterprise management could also be completely different from organization to organization however the basic ideas of administration are same. It may be said that the administration rules are universally applicable.

Social process

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

Dynamic/modifiable activity

Management is a dynamic and continuous process. The management system of at present is probably not applicable or effective for tomorrow. Subsequently, administration should be dynamic and versatile with the altering setting of the society. Management has to modify its model according to the time and situation. This flexibility is essential for a corporation to adjust with the altering setting of the business.

Group activity

The concept of enterprise administration is just not applicable if there is only one particular person or proprietor. It represents a staff, class or section of people involved in various managerial functions. It is essential if there is a group of individuals concerned in performing any activity to achieve widespread goals. Management defines the authority, responsibility and procedures to perform specific work.

Distinct process

Administration as a process includes various types of functions. One function of management is interrelated with another function. The administration clearly defines the specific process of work to achieve predetermined goal. It does not consider the trial and error approach.

Both science and artwork

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

A profession

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

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