All activities performed by a manger to get things accomplished via others are known as management. In other words, administration 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 males, money, machines, materials and methods towards fulfilling the defined objectives.
Check our list of traits of business administration
Every group is established for a selected objective. Administration is an instrument or system that contributes for the environment friendly use of human and other resources to achieve predetermined objectives. The primary goal of business administration is to maximize productivity with optimum use of human effort.
Management is essential where human activity exists. The process of business management may be totally different from organization to group but the basic principles of management are same. It can be said that the management principles are universally applicable.
Business administration is a part of social process. Administration achieves its objectives 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 objectives but also the social objectives. It has to fulfill the wants of employees within the organizational resources.
Management is a dynamic and continuous process. The management system of right now is probably not applicable or efficient for tomorrow. Subsequently, management must be dynamic and versatile with the altering atmosphere of the society. Management has to modify its style according to the time and situation. This flexibility is essential for an organization to adjust with the altering setting of the business.
The concept of business management isn’t applicable if there is only one individual or proprietor. It represents a workforce, class or part of people involved in numerous managerial functions. It is essential if there is a group of individuals involved in performing any activity to achieve common goals. Management defines the authority, responsibility and procedures to perform particular work.
Administration as a process includes various types of functions. One perform of management is interrelated with one other function. The administration clearly defines the precise process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.
Both science and art
Science is a systematized body of knowledge, principal or fact that’s experimentally proved. Equally, artwork is the personal skill and ability to apply the scientific principles. Management is both science and art. It’s a science because it relies on some fundamental ideas of universal application. It is also an artwork because skill and ability is required for performing managerial functions.
Profession includes the precise type of work, adopted by special 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 arms of professionals having specific skill and knowledge.
Multi-disciplinary in nature
Enterprise administration is multi-disciplinary in nature. Many of the principles and methods utilized in administration are borrowed form a number of different disciples like psychology, sociology, economics and mathematics.
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