What is meant by Management? Explain any four characteristics.
Management is the process of conducting a set of functions
like planning, organising, staffing, directing and controlling, in order to get work done in an efficient and effective manner.
Characteristics of Management
Following are the main characteristics of management:-
- Management is a Goal Oriented Process: We need management when we have some goals to be achieved. On the basis of his knowledge and experience, a manager tries to achieve the goals that are pre-decided.
- Management is all Pervasive: All types of activities -business or non-business, need to be managed. If we remove management from these activities, the result will be either a complete failure or having inadequate results. This means that management is necessary to conduct all type of activities. Hence, it is pervasive or universal.
- Management is a Group Activity: Management cannot refer to a single person who completes all activities of an organisation but it is always a group of people who execute the management activities (Managers). Hence, management is therefore a group effort.
- Management is an Intangible Force: Management is that power which cannot be seen. It can only be felt. If any organisation is heading toward higher levels of achievement, it exeplifies good management.
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