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The Characteristics of Business Management

 

All activities performed by a manger to get things accomplished 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 males, cash, machines, supplies and methods towards fulfilling the defined objectives.

 

 

Check our list of characteristics of enterprise administration

 

 

Goal oriented

 

 

Every group is established for a selected objective. Administration is an instrument or system that contributes for the efficient use of human and different resources to achieve predetermined objectives. The principle goal of enterprise administration is to maximize productivity with optimum use of human effort.

 

 

Common activity

 

 

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

 

 

Social process

 

 

Business administration is a part of social process. Administration achieves its goals by, with, and thru the people. It utilizes human resources for the achievement of organizational goals. Management has to consider not only the organizational objectives but also the social objectives. It has to fulfill the needs of staff within the organizational resources.

 

 

Dynamic/modifiable activity

 

 

Management is a dynamic and steady process. The management system of as we speak is probably not applicable or effective for tomorrow. Subsequently, management have to be dynamic and versatile with the changing environment of the society. Management has to switch its style according to the time and situation. This flexibility is essential for a corporation to adjust with the changing surroundings of the business.

 

 

Group activity

 

 

The concept of business administration shouldn't be applicable if there may be only one particular person or proprietor. It represents a team, class or part of individuals concerned in varied managerial functions. It is essential if there's a group of people concerned in performing any activity to achieve frequent goals. Management defines the creatority, responsibility and procedures to perform specific work.

 

 

Distinct process

 

 

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

 

 

Both science and art

 

 

Science is a systematized body of knowledge, principal or fact that is experimentally proved. Similarly, art is the personal skill and ability to use the scientific principles. Administration is each science and art. It is a science because it relies on some basic rules of universal application. It's also an art because skill and ability is required for performing managerial functions.

 

 

A profession

 

 

Profession entails the specific type of work, adopted by special knowledge and education. With the development of joint stock companies and multinational firms the ownership and administration has been different. Management of huge organizations has been entrusted in the palms of professionals having specific skill and knowledge.

 

 

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