All activities performed by a manger to get things completed 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 common in all organized activities. It is an train of harmonizing men, money, machines, supplies and strategies towards fulfilling the defined objectives.

Check our list of characteristics of enterprise management

Goal oriented

Each group is established for a selected objective. Management is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The main goal of business management is to maximise productivity with optimum use of human effort.

Common activity

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

Social process

Enterprise management is a part of social process. Management achieves its targets by, with, and thru the people. It utilizes human resources for the achievement of organizational goals. Management has to consider not only the organizational aims 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 right this moment will not be applicable or efficient for tomorrow. Subsequently, management should be dynamic and versatile with the altering environment of the society. Management has to change its type according to the time and situation. This flexibility is essential for a company to adjust with the changing environment of the business.

Group activity

The concept of business management will not be applicable if there is only one individual or proprietor. It represents a team, class or part of individuals concerned in various managerial functions. It is essential if there is a group of people involved 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 function of management is interrelated with another function. The management clearly defines the specific process of work to achieve predetermined goal. It does not consider the trial and error approach.

Both science and artwork

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 relies on some primary principles of universal application. Additionally it is 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 big organizations has been entrusted in the hands of professionals having particular skill and knowledge.

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