Concept of management and it's features

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Management is a process containing a human element and make most efficient use of resources Pro and with people for attending defined organisational objective by most economical and effective planning and execution.

Therefore, management can be viewed as:-

- A process of continuing and inter-related activities

-Concentrate on attaining organisational goal.

- Focus on working with end through human and other organisation resources.

Characteristics of Management:-

Management is an indispensable facet of the economic life of all human beings and of every business organisation too. This is so because it is concerned with leading and effective utilisation of human, physical and financial resources of business, show that the set objective and goal may be accomplished in a desired manner.

There are some features of Management:-

1.Continuous and never ending process.

2.Art of getting work done from people.

3.Management Is result oriented.

4.Multi disciplinary in nature .

5.Group and not an individual activity.

6.Follows established principle or rules.

7.Aided but not replaced by computers .

8.Situational in nature.

9.Separate from ownership.

10.Both art as well as science .

11.Management is all pervasive.

12.Uses of professional approach in work.

13.Management is dynamic in nature.


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