All activities performed by a manger to get things completed through others are known as management. In different words, management is to handle 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, cash, machines, supplies and methods towards fulfilling the defined objectives.
Check our list of characteristics of enterprise 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 different resources to achieve predetermined objectives. The main goal of enterprise administration is to maximize productivity with optimum use of human effort.
Administration is essential the place human activity exists. The process of business management may be totally different from organization to organization but the primary rules of administration are same. It may be said that the administration principles are universally applicable.
Enterprise administration is a part of social process. Administration achieves its targets by, with, and through the people. It makes use of human resources for the achievement of organizational goals. Administration has to consider not only the organizational targets but also the social objectives. It has to fulfill the wants of employees within the organizational resources.
Administration is a dynamic and continuous process. The administration system of at the moment will not be applicable or effective for tomorrow. Due to this fact, management must be dynamic and versatile with the altering setting of the society. Administration has to change its model according to the time and situation. This flexibility is essential for a corporation to adjust with the changing environment of the business.
The idea of enterprise management is not applicable if there is only one particular person or proprietor. It represents a crew, class or part of individuals involved in numerous managerial functions. It is essential if there is a group of individuals concerned in performing any activity to achieve frequent goals. Administration defines the authority, responsibility and procedures to perform specific work.
Administration as a process involves numerous types of functions. One operate of management is interrelated with another function. The administration clearly defines the particular process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.
Each science and art
Science is a systematized body of knowledge, principal or reality that is experimentally proved. Similarly, artwork is the personal skill and ability to apply the scientific principles. Administration is each science and art. It is a science because it is based on some basic ideas of universal application. It is also an art because skill and ability is required for performing managerial functions.
Profession includes the particular type of work, followed by special knowledge and education. With the development of joint stock corporations and multinational corporations the ownership and management has been different. Administration of huge organizations has been entrusted within the hands of professionals having particular skill and knowledge.
Multi-disciplinary in nature
Enterprise management is multi-disciplinary in nature. Lots of the principles and strategies used in administration are borrowed form a number of different disciples like psychology, sociology, economics and mathematics.
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