All activities performed by a manger to get things completed by way of others are known as management. In different words, management is to manage human and different resources tactfully for the achievement of organizational goals. It is universal in all organized activities. It's an exercise of harmonizing men, money, machines, supplies and methods towards fulfilling the defined objectives.
Check our list of traits of business management
Each organization is established for a particular objective. Administration is an instrument or system that contributes for the efficient use of human and different resources to achieve predetermined objectives. The primary goal of enterprise management is to maximize productivity with optimum use of human effort.
Management is essential the place human activity exists. The process of business management may be totally different from organization to group however the basic rules of management are same. It may be said that the management ideas are universally applicable.
Business management is a part of social process. Administration achieves its goals by, with, and thru the people. It utilizes human resources for the achievement of organizational goals. Administration has to consider not only the organizational targets but in addition the social objectives. It has to fulfill the needs of employees within the organizational resources.
Management is a dynamic and continuous process. The management system of right now is probably not applicable or effective for tomorrow. Due to this fact, management have to be dynamic and flexible with the changing environment of the society. Management has to switch its fashion according to the time and situation. This flexibility is essential for an organization to adjust with the changing surroundings of the business.
The idea of business management shouldn't be applicable if there may be only one particular person or proprietor. It represents a staff, class or section of individuals involved in various managerial functions. It is essential if there's a group of individuals involved in performing any activity to achieve common goals. Management defines the writerity, responsibility and procedures to perform particular work.
Management as a process involves varied types of functions. One perform 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 art
Science is a systematized body of knowledge, principal or truth that is experimentally proved. Equally, art is the personal skill and ability to apply the scientific principles. Management is both science and art. It is a science because it is predicated on some primary principles of universal application. It is also an artwork because skill and ability is required for performing managerial functions.
Profession involves the precise type of work, followed by special knowledge and education. With the development of joint stock companies and multinational firms the ownership and administration has been different. Administration of giant organizations has been entrusted within the hands of professionals having particular skill and knowledge.
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