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

Check our list of traits of enterprise management

Goal oriented

Each organization is established for a particular 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 enterprise management is to maximise productivity with optimum use of human effort.

Universal activity

Management is essential the place human activity exists. The process of business management may be totally different from organization to organization but the fundamental principles of management 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 goals by, with, and through the people. It makes use of 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 staff within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and continuous process. The management system of at this time may not be applicable or efficient for tomorrow. Subsequently, management must be dynamic and flexible with the changing environment of the society. Management has to switch its type according to the time and situation. This flexibility is essential for a corporation to adjust with the changing environment of the business.

Group activity

The concept of enterprise management will not be applicable if there may be only one individual or proprietor. It represents a team, class or section of individuals concerned in varied managerial functions. It is essential if there’s a group of individuals involved in performing any activity to achieve frequent goals. Management defines the writerity, responsibility and procedures to perform particular work.

Distinct process

Management as a process includes numerous types of functions. One perform of management is interrelated with one other function. The management clearly defines the particular process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.

Both science and artwork

Science is a systematized body of knowledge, principal or reality that is experimentally proved. Similarly, artwork is the personal skill and ability to use the scientific principles. Management is both science and art. It’s a science because it relies on some primary ideas of universal application. It is also an art because skill and ability is required for performing managerial functions.

A profession

Profession includes the particular type of work, adopted by special knowledge and education. With the development of joint stock firms and multinational firms the ownership and management has been different. Management of big organizations has been entrusted in the hands of professionals having specific skill and knowledge.

If you enjoyed this article and you would certainly such as to get additional information relating to diploma in hr management kindly see the webpage.

Antoinette Demko