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

Check our list of characteristics of business management

Goal oriented

Each organization is established for a specific objective. Administration is an instrument or system that contributes for the environment friendly use of human and different resources to achieve predetermined objectives. The principle objective of enterprise administration is to maximise productivity with optimum use of human effort.

Common activity

Administration is essential the place human activity exists. The process of enterprise administration may be totally different from group to organization but the primary ideas of management are same. It may be said that the management 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 makes use of human resources for the achievement of organizational goals. Administration has to consider not only the organizational aims but also the social objectives. It has to fulfill the needs of employees within the organizational resources.

Dynamic/modifiable activity

Administration is a dynamic and steady process. The administration system of in the present day is probably not applicable or effective for tomorrow. Due to this fact, management must 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 corporation to adjust with the altering setting of the business.

Group activity

The idea of enterprise administration is just not applicable if there’s only one individual or proprietor. It represents a workforce, class or part of people involved in various managerial functions. It’s essential if there’s a group of individuals concerned in performing any activity to achieve widespread goals. Administration defines the creatority, responsibility and procedures to perform specific work.

Distinct process

Administration as a process involves numerous types of functions. One operate of management is interrelated with another function. The management clearly defines the precise process of work to achieve predetermined goal. It does not consider the trial and error approach.

Each 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 use the scientific principles. Management is both science and art. It’s a science because it relies on some fundamental rules of universal application. Additionally it is an art because skill and ability is required for performing managerial functions.

A profession

Profession involves the precise 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 big organizations has been entrusted in the palms of professionals having specific skill and knowledge.

Multi-disciplinary in nature

Business management is multi-disciplinary in nature. Lots of the principles and methods utilized in management are borrowed form a number of other disciples like psychology, sociology, economics and mathematics.

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