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All activities performed by a manger to get things executed through 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 train of harmonizing men, cash, machines, materials and methods towards fulfilling the defined objectives.

Check our list of traits of enterprise management

Goal oriented

Each organization is established for a specific objective. Management is an instrument or system that contributes for the environment friendly 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.

Universal activity

Management is essential the place human activity exists. The process of business management may be completely different from group to organization however the primary rules of management are same. It may be said that the management rules are universally applicable.

Social process

Enterprise management is a part of social process. Management achieves its goals by, with, and thru the people. It utilizes human resources for the achievement of organizational goals. Management has to consider not only the organizational goals but additionally the social objectives. It has to fulfill the wants of workers within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and steady process. The management system of at present might not be applicable or effective for tomorrow. Subsequently, management must be dynamic and flexible with the changing environment of the society. Management has to change its model according to the time and situation. This flexibility is essential for an organization to adjust with the changing environment of the business.

Group activity

The concept of business management is not applicable if there's only one particular person or proprietor. It represents a staff, class or part of individuals involved in varied managerial functions. It is essential if there is a group of individuals concerned in performing any activity to achieve frequent goals. Management defines the creatority, responsibility and procedures to perform specific work.

Distinct process

Management as a process entails numerous types of functions. One perform of management is interrelated with one other function. The management clearly defines the particular process of work to achieve predetermined goal. It does not consider the trial and error approach.

Both science and art

Science is a systematized body of knowledge, principal or reality that's experimentally proved. Equally, art is the personal skill and ability to apply the scientific principles. Management is both science and art. It's a science because it is predicated on some primary principles of universal application. It is usually an artwork because skill and ability is required for performing managerial functions.

A profession

Profession includes the particular type of work, adopted by special knowledge and education. With the development of joint stock companies and multinational corporations the ownership and management has been different. Management of huge organizations has been entrusted in the hands of professionals having particular skill and knowledge.

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