All activities performed by a manger to get things finished via others are known as management. In different words, administration is to handle human and different resources tactfully for the achievement of organizational goals. It’s universal in all organized activities. It is an exercise of harmonizing men, money, machines, materials 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 principle goal of enterprise management is to maximize productivity with optimum use of human effort.

Universal activity

Administration is essential where human activity exists. The process of enterprise administration may be totally different from organization to organization but the fundamental ideas of administration are same. It can be said that the administration principles are universally applicable.

Social process

Business 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. Management has to consider not only the organizational objectives but also the social objectives. It has to fulfill the needs of workers within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and steady process. The management system of immediately is probably not applicable or effective for tomorrow. Subsequently, management have to be dynamic and flexible with the changing environment of the society. Management has to modify its model according to the time and situation. This flexibility is essential for a company to adjust with the changing setting of the business.

Group activity

The idea of enterprise administration is just not applicable if there is only one particular person or proprietor. It represents a group, class or section of individuals involved in numerous managerial functions. It’s essential if there is a group of individuals involved in performing any activity to achieve widespread goals. Management defines the creatority, responsibility and procedures to perform particular work.

Distinct process

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

Each science and art

Science is a systematized body of knowledge, principal or truth that’s experimentally proved. Equally, artwork 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 usually an art because skill and ability is required for performing managerial functions.

A profession

Profession involves the precise type of work, followed by particular knowledge and education. With the development of joint stock corporations and multinational companies the ownership and administration has been different. Administration of giant organizations has been entrusted within the hands of professionals having particular skill and knowledge.

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