All activities performed by a manger to get things achieved via others are known as management. In different words, management is to manage human and other 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 strategies towards fulfilling the defined objectives.

Check our list of traits of business administration

Goal oriented

Each group is established for a selected 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 enterprise management is to maximise productivity with optimum use of human effort.

Universal activity

Management is essential the place human activity exists. The process of enterprise management could also be completely different from group to organization but the primary rules of management 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 thru the people. It makes use of human resources for the achievement of organizational goals. Administration has to consider not only the organizational targets but also the social objectives. It has to fulfill the needs of employees within the organizational resources.

Dynamic/modifiable activity

Administration is a dynamic and steady process. The management system of right this moment might not be applicable or efficient for tomorrow. Subsequently, management have to be dynamic and versatile with the changing surroundings of the society. Management has to change its style according to the time and situation. This flexibility is essential for a corporation to adjust with the altering atmosphere of the business.

Group activity

The idea of enterprise administration isn't applicable if there is only one individual or proprietor. It represents a staff, class or section of people concerned in various managerial functions. It's essential if there is a group of individuals concerned in performing any activity to achieve frequent goals. Management defines the authority, responsibility and procedures to perform particular work.

Distinct process

Management as a process includes varied types of functions. One function of administration is interrelated with another function. The management clearly defines the particular 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 fact that is experimentally proved. Equally, art is the personal skill and ability to use the scientific principles. Management is each science and art. It is a science because it is based on some basic principles of universal application. It is usually an art because skill and ability is required for performing managerial functions.

A profession

Profession includes 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. Administration of giant organizations has been entrusted within the hands of professionals having particular skill and knowledge.

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