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

Check our list of characteristics of business management

Goal oriented

Each group is established for a selected 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 objective of business administration is to maximise productivity with optimum use of human effort.

Universal 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 management are same. It may be said that the administration principles are universally applicable.

Social process

Enterprise administration is a part of social process. Management 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 also the social objectives. It has to fulfill the wants of employees within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and steady process. The administration system of at this time will not be applicable or efficient for tomorrow. Therefore, management must be dynamic and flexible with the altering atmosphere of the society. Management has to switch its type according to the time and situation. This flexibility is essential for a corporation to adjust with the changing environment of the business.

Group activity

The idea of business administration isn't applicable if there is only one person or proprietor. It represents a workforce, class or section of people concerned in various managerial functions. It's essential if there's a group of people concerned in performing any activity to achieve common goals. Administration defines the authority, responsibility and procedures to perform specific work.

Distinct process

Administration as a process involves varied types of functions. One function of management is interrelated with one other 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 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. Administration is both science and art. It is a science because it is predicated on some primary principles of universal application. Additionally it is an artwork because skill and ability is required for performing managerial functions.

A profession

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

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