All activities performed by a manger to get things executed by way of others are known as management. In different words, administration is to manage human and other resources tactfully for the achievement of organizational goals. It is common in all organized activities. It is an exercise of harmonizing men, cash, machines, supplies and strategies towards fulfilling the defined objectives.
Check our list of characteristics of enterprise administration
Goal oriented
Each organization is established for a specific objective. Administration is an instrument or system that contributes for the environment friendly use of human and other resources to achieve predetermined objectives. The principle goal of enterprise management is to maximise productivity with optimum use of human effort.
Common activity
Management is essential where human activity exists. The process of enterprise management may be totally different from group to organization however the primary ideas of administration are same. It can be said that the management ideas are universally applicable.
Social process
Business 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 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 this time will not be applicable or efficient for tomorrow. Due to this fact, management must be dynamic and flexible with the altering surroundings of the society. Management has to switch its fashion according to the time and situation. This flexibility is essential for an organization to adjust with the altering environment of the business.
Group activity
The concept of business administration is just not applicable if there may be only one individual or proprietor. It represents a team, class or part of individuals involved in various managerial functions. It is essential if there's a group of individuals concerned in performing any activity to achieve widespread goals. Management defines the creatority, responsibility and procedures to perform specific work.
Distinct process
Management as a process includes various types of functions. One perform of management is interrelated with another function. The management clearly defines the precise process of work to achieve predetermined goal. It does not consider the trial and error approach.
Each science and art
Science is a systematized body of knowledge, principal or truth that is experimentally proved. Equally, artwork is the personal skill and ability to use the scientific principles. Management is each science and art. It is a science because it is predicated on some basic rules 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 special knowledge and education. With the development of joint stock corporations and multinational corporations the ownership and administration has been different. Management of big organizations has been entrusted within the arms of professionals having particular skill and knowledge.
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