All activities performed by a manger to get things performed by way of others are known as management. In other words, management is to handle 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, materials and methods towards fulfilling the defined objectives.
Check our list of traits of enterprise administration
Goal oriented
Every organization is established for a selected objective. Management is an instrument or system that contributes for the efficient use of human and different resources to achieve predetermined objectives. The primary goal of business administration is to maximize productivity with optimum use of human effort.
Universal activity
Management is essential where human activity exists. The process of business management may be different from group to group but the primary ideas of management are same. It can be said that the administration rules are universally applicable.
Social process
Business administration is a part of social process. Administration achieves its aims 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 also the social objectives. It has to fulfill the wants of employees 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. Subsequently, management have to be dynamic and versatile with the changing atmosphere of the society. Administration has to switch its type according to the time and situation. This flexibility is essential for a corporation to adjust with the changing environment of the business.
Group activity
The idea of business management is not applicable if there’s only one particular person or proprietor. It represents a staff, class or section of individuals concerned in varied managerial functions. It is essential if there’s a group of people 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 involves various types of functions. One perform 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 reality that is experimentally proved. Equally, artwork is the personal skill and ability to apply the scientific principles. Administration is both science and art. It is a science because it is predicated on some basic principles of universal application. It is usually an artwork because skill and ability is required for performing managerial functions.
A profession
Profession entails the particular type of work, followed by special knowledge and education. With the development of joint stock companies and multinational firms the ownership and administration has been different. Management of giant organizations has been entrusted in the arms of professionals having particular skill and knowledge.
Multi-disciplinary in nature
Business administration is multi-disciplinary in nature. Lots of the rules and methods utilized in administration are borrowed form a number of other disciples like psychology, sociology, economics and mathematics.
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