All activities performed by a manger to get things performed by means of others are known as management. In other words, administration is to manage human and other resources tactfully for the achievement of organizational goals. It's universal in all organized activities. It's an exercise of harmonizing men, 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 specific objective. Management is an instrument or system that contributes for the environment friendly use of human and other resources to achieve predetermined objectives. The primary objective 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 may be totally different from group to organization but the basic ideas of management are same. It may be said that the management ideas are universally applicable.

Social process

Enterprise administration is a part of social process. Management achieves its targets by, with, and through the people. It utilizes human resources for the achievement of organizational goals. Administration has to consider not only the organizational aims but in addition the social objectives. It has to fulfill the wants of employees within the organizational resources.

Dynamic/modifiable activity

Administration is a dynamic and steady process. The administration system of in the present day might not be applicable or effective for tomorrow. Due to this fact, administration should be dynamic and flexible with the changing setting of the society. Management has to change its model 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 business management just isn't applicable if there's only one particular person or proprietor. It represents a group, 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 widespread goals. Administration defines the authority, responsibility and procedures to perform particular work.

Distinct process

Management as a process includes varied types of functions. One perform of management 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 art

Science is a systematized body of knowledge, principal or fact that's experimentally proved. Equally, artwork is the personal skill and ability to use the scientific principles. Administration is each science and art. It's a science because it is based on some fundamental principles of common application. It's also an artwork because skill and ability is required for performing managerial functions.

A profession

Profession includes the specific type of work, followed by special knowledge and education. With the development of joint stock companies and multinational corporations the ownership and administration has been different. Administration of huge organizations has been entrusted within the fingers of professionals having particular skill and knowledge.

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