All activities performed by a manger to get things carried out through others are known as management. In different words, management is to manage human and different resources tactfully for the achievement of organizational goals. It's universal in all organized activities. It's an train of harmonizing men, cash, machines, supplies and methods towards fulfilling the defined objectives.

Check our list of characteristics of business management

Goal oriented

Each organization is established for a selected objective. Management is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The main goal of business 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 could also be different from group to group however the fundamental principles of management are same. It can be said that the management principles are universally applicable.

Social process

Enterprise administration is a part of social process. Administration achieves its objectives by, with, and through the people. It utilizes human resources for the achievement of organizational goals. Management 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

Administration is a dynamic and continuous process. The management system of as we speak is probably not applicable or effective for tomorrow. Due to this fact, management must be dynamic and flexible with the changing setting of the society. Administration has to modify its type according to the time and situation. This flexibility is essential for an organization to adjust with the changing surroundings of the business.

Group activity

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

Distinct process

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

Both science and artwork

Science is a systematized body of knowledge, principal or reality that's experimentally proved. Similarly, art is the personal skill and ability to use the scientific principles. Administration is each science and art. It's a science because it is predicated on some primary rules of universal application. It is usually an artwork because skill and ability is required for performing managerial functions.

A profession

Profession entails the specific type of work, followed by particular knowledge and education. With the development of joint stock companies and multinational companies the ownership and management has been different. Management of huge organizations has been entrusted within the hands of professionals having particular skill and knowledge.

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