All activities performed by a manger to get things carried out by 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’s an exercise of harmonizing men, money, machines, materials and strategies towards fulfilling the defined objectives.
Check our list of traits of enterprise administration
Every group is established for a particular objective. Administration is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The principle goal of enterprise management is to maximize productivity with optimum use of human effort.
Management is essential the place human activity exists. The process of enterprise administration may be different from organization to organization however the basic ideas of administration are same. It may be said that the management principles are universally applicable.
Business administration is a part of social process. Administration achieves its objectives by, with, and through the people. It utilizes human resources for the achievement of organizational goals. Administration has to consider not only the organizational targets but in addition the social objectives. It has to fulfill the needs of employees within the organizational resources.
Management is a dynamic and continuous process. The management system of right now might not be applicable or effective for tomorrow. Due to this fact, management should be dynamic and versatile with the changing atmosphere of the society. Management has to change its type according to the time and situation. This flexibility is essential for an organization to adjust with the altering surroundings of the business.
The concept of business administration isn’t applicable if there’s only one individual or proprietor. It represents a staff, class or section of people involved in numerous managerial functions. It’s essential if there is a group of people involved in performing any activity to achieve common goals. Administration defines the authority, responsibility and procedures to perform specific work.
Administration as a process includes various types of functions. One perform of administration is interrelated with one other function. The administration 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 apply the scientific principles. Administration is each science and art. It’s a science because it relies on some primary ideas of common application. It’s also an art because skill and ability is required for performing managerial functions.
Profession involves the particular type of work, adopted by special knowledge and education. With the development of joint stock companies and multinational corporations the ownership and management has been different. Management of giant organizations has been entrusted in the palms of professionals having specific skill and knowledge.
Multi-disciplinary in nature
Enterprise administration is multi-disciplinary in nature. Most of the ideas and techniques utilized in administration are borrowed form a number of other disciples like psychology, sociology, economics and mathematics.
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