All activities performed by a manger to get things performed by way of others are known as management. In other words, management is to manage human and different resources tactfully for the achievement of organizational goals. It’s common in all organized activities. It’s an exercise of harmonizing men, money, machines, supplies and methods towards fulfilling the defined objectives.

Check our list of traits of business administration

Goal oriented

Each organization 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 main objective of business administration is to maximize productivity with optimum use of human effort.

Universal activity

Management is essential where human activity exists. The process of business management may be completely different from group to group but the basic ideas of administration are same. It may be said that the management ideas are universally applicable.

Social process

Enterprise 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. Management has to consider not only the organizational goals but in addition the social objectives. It has to fulfill the wants of workers within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and continuous process. The management system of at the moment might not be applicable or effective for tomorrow. Therefore, management must be dynamic and versatile with the changing surroundings of the society. Management has to switch its model in response to the time and situation. This flexibility is essential for a company to adjust with the altering surroundings of the business.

Group activity

The idea of enterprise management just isn’t applicable if there is only one person or proprietor. It represents a crew, class or part of people involved in various managerial functions. It’s essential if there’s a group of people concerned in performing any activity to achieve frequent goals. Administration defines the authority, responsibility and procedures to perform specific work.

Distinct process

Management as a process involves numerous types of functions. One perform of management is interrelated with another function. The management 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 fact that’s experimentally proved. Equally, art is the personal skill and ability to use the scientific principles. Management is each science and art. It’s a science because it is based on some fundamental rules 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 corporations and multinational firms the ownership and administration has been different. Administration of big organizations has been entrusted in the arms of professionals having specific skill and knowledge.

Multi-disciplinary in nature

Business management is multi-disciplinary in nature. Many of the rules and techniques used in management are borrowed form a number of other disciples like psychology, sociology, economics and mathematics.

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