All activities performed by a manger to get things done by means 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 is an train 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. Management is an instrument or system that contributes for the environment friendly use of human and other resources to achieve predetermined objectives. The main objective of business management is to maximize productivity with optimum use of human effort.
Administration is essential the place human activity exists. The process of enterprise administration may be different from group to organization however the basic ideas of management are same. It may be said that the management rules are universally applicable.
Enterprise management is a part of social process. Administration achieves its aims by, with, and thru the people. It makes use of human resources for the achievement of organizational goals. Administration has to consider not only the organizational aims but also the social objectives. It has to fulfill the needs of employees within the organizational resources.
Management is a dynamic and continuous process. The administration system of today will not be applicable or effective for tomorrow. Subsequently, management should be dynamic and flexible with the altering setting of the society. Management has to modify its model according to the time and situation. This flexibility is essential for a company to adjust with the changing surroundings of the business.
The idea of enterprise management just isn’t applicable if there may be only one person or proprietor. It represents a workforce, class or section of people involved in numerous managerial functions. It’s essential if there’s a group of people concerned in performing any activity to achieve common goals. Management defines the authority, responsibility and procedures to perform specific work.
Administration as a process entails numerous types of functions. One function of administration is interrelated with another function. The management clearly defines the particular 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’s experimentally proved. Similarly, art is the personal skill and ability to use the scientific principles. Administration is both science and art. It’s a science because it is predicated on some basic ideas of common application. It’s also an artwork because skill and ability is required for performing managerial functions.
Profession includes the particular type of work, adopted by particular knowledge and education. With the development of joint stock firms and multinational companies the ownership and management has been different. Management of huge organizations has been entrusted within the palms of professionals having particular skill and knowledge.
Multi-disciplinary in nature
Business management is multi-disciplinary in nature. Most of the principles and methods used in administration are borrowed form a number of other disciples like psychology, sociology, economics and mathematics.
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