All activities performed by a manger to get things carried out via others are known as management. In other words, administration is to manage human and different resources tactfully for the achievement of organizational goals. It’s universal in all organized activities. It’s an train of harmonizing men, cash, machines, supplies and strategies towards fulfilling the defined objectives.
Check our list of characteristics of enterprise administration
Each 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.
Management is essential where human activity exists. The process of enterprise administration may be different from group to group but the fundamental ideas of management are same. It can be said that the administration principles are universally applicable.
Business administration is a part of social process. Management achieves its goals 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 targets 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 administration system of at the moment may not be applicable or effective for tomorrow. Due to this fact, management have to be dynamic and versatile 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 surroundings of the business.
The idea of business management is not applicable if there is only one individual or proprietor. It represents a team, class or part of people involved in varied managerial functions. It is essential if there’s a group of individuals concerned in performing any activity to achieve common goals. Administration defines the writerity, responsibility and procedures to perform specific work.
Management as a process includes varied types of functions. One operate of management is interrelated with another function. The management clearly defines the particular process of work to achieve predetermined goal. It does not consider the trial and error approach.
Each science and artwork
Science is a systematized body of knowledge, principal or reality that’s experimentally proved. Equally, artwork is the personal skill and ability to use the scientific principles. Management is each science and art. It’s a science because it is based on some basic rules 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 particular knowledge and education. With the development of joint stock firms and multinational firms the ownership and management has been different. Administration of giant organizations has been entrusted within the hands of professionals having specific skill and knowledge.
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