All activities performed by a manger to get things accomplished via 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’s an train of harmonizing men, cash, machines, materials and methods towards fulfilling the defined objectives.

Check our list of traits of business administration

Goal oriented

Every organization 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 maximize productivity with optimum use of human effort.

Common activity

Administration is essential where human activity exists. The process of business management could also be different from group to group however the primary principles of administration are same. It may be said that the management ideas are universally applicable.

Social process

Enterprise management is a part of social process. Administration achieves its goals by, with, and thru the people. It makes use of human resources for the achievement of organizational goals. Administration has to consider not only the organizational objectives but additionally the social objectives. It has to fulfill the wants of staff within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and continuous process. The management system of at present may not be applicable or efficient for tomorrow. Due to this fact, administration should be dynamic and versatile with the changing atmosphere of the society. Management has to switch 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 business management isn’t applicable if there is only one person or proprietor. It represents a group, class or section of people involved in varied managerial functions. It is essential if there is a group of individuals involved in performing any activity to achieve common goals. Administration defines the creatority, responsibility and procedures to perform particular work.

Distinct process

Management as a process involves numerous types of functions. One function of administration 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.

Both science and artwork

Science is a systematized body of knowledge, principal or reality that is experimentally proved. Equally, art is the personal skill and ability to apply the scientific principles. Management is each science and art. It is a science because it is based on some fundamental ideas of common application. It is usually an artwork 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 companies the ownership and management has been different. Management of giant organizations has been entrusted within the palms of professionals having specific skill and knowledge.

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