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

Check our list of characteristics of enterprise management

Goal oriented

Every group is established for a specific objective. Administration is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The principle objective of enterprise administration is to maximise productivity with optimum use of human effort.

Universal activity

Administration is essential the place human activity exists. The process of business management could also be different from organization to group but the fundamental principles of administration are same. It may be said that the management rules are universally applicable.

Social process

Enterprise management is a part of social process. Administration achieves its goals by, with, and through the people. It makes use of 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 needs of staff within the organizational resources.

Dynamic/modifiable activity

Administration is a dynamic and continuous process. The administration system of today will not be applicable or efficient for tomorrow. Subsequently, administration must be dynamic and flexible with the changing surroundings of the society. Management has to modify its style according to the time and situation. This flexibility is essential for a corporation to adjust with the altering setting of the business.

Group activity

The concept of enterprise administration shouldn’t be applicable if there is only one particular person or proprietor. It represents a team, class or section of individuals involved in varied managerial functions. It is essential if there’s a group of individuals concerned in performing any activity to achieve frequent goals. Management defines the creatority, responsibility and procedures to perform particular work.

Distinct process

Administration as a process involves various types of functions. One function of administration is interrelated with one other function. The administration clearly defines the precise 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 reality that is experimentally proved. Similarly, art is the personal skill and ability to use the scientific principles. Administration is both science and art. It’s a science because it is based on some basic ideas of universal application. Additionally it is an art because skill and ability is required for performing managerial functions.

A profession

Profession entails the precise type of work, adopted by special knowledge and education. With the development of joint stock firms and multinational corporations the ownership and administration has been different. Management of big organizations has been entrusted in the arms of professionals having specific skill and knowledge.

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