All activities performed by a manger to get things achieved through others are known as management. In other words, administration is to manage human and different resources tactfully for the achievement of organizational goals. It is common in all organized activities. It’s an train of harmonizing men, money, machines, materials and methods towards fulfilling the defined objectives.
Check our list of traits of business administration
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 different resources to achieve predetermined objectives. The main goal of business management is to maximize productivity with optimum use of human effort.
Universal activity
Management is essential the place human activity exists. The process of enterprise administration may be different from organization to organization but the fundamental ideas of management are same. It can be said that the administration ideas are universally applicable.
Social process
Enterprise administration is a part of social process. Management achieves its objectives by, with, and thru the people. It makes use of human resources for the achievement of organizational goals. Administration has to consider not only the organizational objectives but in addition 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 as we speak will not be applicable or efficient for tomorrow. Therefore, administration have to be dynamic and versatile with the changing atmosphere of the society. Administration has to switch its type according to the time and situation. This flexibility is essential for a company to adjust with the altering atmosphere of the business.
Group activity
The idea of business management is just not applicable if there is only one individual or proprietor. It represents a workforce, class or section of individuals concerned in various managerial functions. It’s essential if there is a group of individuals 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 entails numerous types of functions. One function of administration is interrelated with one other function. The administration 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 apply the scientific principles. Administration is each science and art. It’s a science because it is based on some basic ideas of common application. It’s also an artwork because skill and ability is required for performing managerial functions.
A profession
Profession includes the precise type of work, adopted by special knowledge and education. With the development of joint stock corporations and multinational companies the ownership and management has been different. Management of huge organizations has been entrusted within the fingers of professionals having particular skill and knowledge.
Multi-disciplinary in nature
Business management is multi-disciplinary in nature. Many of the principles and methods used in management are borrowed form a number of different disciples like psychology, sociology, economics and mathematics.
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