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

Check our list of traits of enterprise management

Goal oriented

Each organization is established for a selected 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 management is to maximize productivity with optimum use of human effort.

Universal activity

Management is essential where human activity exists. The process of enterprise management may be completely different from group to group but the fundamental rules of management are same. It can be said that the management principles are universally applicable.

Social process

Business management 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. Management has to consider not only the organizational targets but also 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 present will not be applicable or efficient for tomorrow. Subsequently, management have to be dynamic and flexible with the altering environment of the society. Management has to modify its model according to the time and situation. This flexibility is essential for a company to adjust with the altering environment of the business.

Group activity

The idea of business management isn’t applicable if there is only one particular person or proprietor. It represents a staff, class or part of people involved in numerous managerial functions. It’s 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 numerous 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 doesn’t consider the trial and error approach.

Each science and artwork

Science is a systematized body of knowledge, principal or truth that is experimentally proved. Similarly, art is the personal skill and ability to apply the scientific principles. Management is both science and art. It is a science because it is based on some fundamental rules of common application. It’s also an artwork because skill and ability is required for performing managerial functions.

A profession

Profession involves the particular type of work, adopted by particular knowledge and education. With the development of joint stock firms and multinational firms the ownership and management has been different. Management of giant organizations has been entrusted in the fingers of professionals having specific skill and knowledge.

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