All activities performed by a manger to get things carried out by means of others are known as management. In other words, management is to handle human and different resources tactfully for the achievement of organizational goals. It’s universal in all organized activities. It is 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 group is established for a particular objective. Management is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The principle goal of enterprise administration is to maximize productivity with optimum use of human effort.

Common activity

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

Social process

Enterprise administration is a part of social process. Administration achieves its objectives 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 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 administration system of right now might not be applicable or efficient for tomorrow. Therefore, management should be dynamic and flexible with the altering atmosphere 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 changing atmosphere of the business.

Group activity

The idea of business management just isn’t applicable if there’s only one particular person or proprietor. It represents a workforce, class or section of people involved in numerous managerial functions. It is essential if there’s a group of people involved in performing any activity to achieve frequent goals. Management defines the authority, responsibility and procedures to perform specific work.

Distinct process

Management as a process entails numerous types of functions. One function 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 fact that is experimentally proved. Similarly, artwork is the personal skill and ability to apply the scientific principles. Administration is each science and art. It’s a science because it is predicated on some basic principles of universal application. It is also an art because skill and ability is required for performing managerial functions.

A profession

Profession entails the particular type of work, adopted by particular knowledge and education. With the development of joint stock companies and multinational companies the ownership and management has been different. Management of giant organizations has been entrusted in the palms of professionals having particular skill and knowledge.