All activities performed by a manger to get things done through others are known as management. In different words, administration is to manage human and other resources tactfully for the achievement of organizational goals. It’s universal in all organized activities. It is an exercise of harmonizing men, cash, machines, materials and strategies towards fulfilling the defined objectives.
Check our list of characteristics of business administration
Goal oriented
Every group is established for a specific 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 enterprise administration is to maximize productivity with optimum use of human effort.
Universal activity
Management is essential where human activity exists. The process of business administration could also be completely different from organization to group however the primary ideas of administration are same. It can be said that the administration principles are universally applicable.
Social process
Business management is a part of social process. Management achieves its targets 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 staff within the organizational resources.
Dynamic/modifiable activity
Administration is a dynamic and steady process. The administration system of as we speak is probably not applicable or efficient for tomorrow. Due to this fact, management have to be dynamic and flexible with the changing setting of the society. Administration has to modify its style according to the time and situation. This flexibility is essential for a company to adjust with the changing surroundings of the business.
Group activity
The concept of business management is not applicable if there may be only one particular person or proprietor. It represents a group, class or section of people involved in various managerial functions. It is essential if there’s a group of individuals involved in performing any activity to achieve widespread goals. Management defines the writerity, responsibility and procedures to perform particular work.
Distinct process
Management as a process involves numerous types of functions. One operate of management is interrelated with another function. The administration clearly defines the precise process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.
Each science and artwork
Science is a systematized body of knowledge, principal or fact that is experimentally proved. Similarly, art is the personal skill and ability to apply the scientific principles. Management is both science and art. It’s a science because it is predicated on some basic principles of universal application. It’s also an art because skill and ability is required for performing managerial functions.
A profession
Profession involves the precise type of work, followed by particular knowledge and education. With the development of joint stock firms and multinational corporations 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 administration is multi-disciplinary in nature. Most of the rules and techniques used in management are borrowed form a number of different disciples like psychology, sociology, economics and mathematics.
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