Hello Guys, Here We Are Discussing About The Importance Of Management. Lets We Start The Discussion About This Topic.
NATURE AND CHARACTERISTICS OF MANAGEMENT
Management means different aspects to different authors. Each definition lays emphasis on a particular aspects of management thereby presenting only a partial view of the total concept of management. Over a period of time managerial techniques to manage a business have undergone a change thus the nature of management can be studied as such :
2- Management is a group activity
3- Management is a goal-oriented
4- Management is a factor of production
5- Management is universal in character
6- Management is a social process
7- Management is a system of authority
8- Management is a dynamic function
9- Management is a art and science
10- Management is a profession
This is the main nature and characteristics of management. Each characteristics means—
Management has developed as a separate discipline but it draws knowledge from discipline such as sociology, psychology, economics, statistics, operating research etc. Management intergreats ideas and concept from these disciplines and uses fields is the efficiency of the organisation.
MANAGEMENT IS A GROUP ACTIVITY
Management is an essential part of a group activity. As no individual can satisfy all his desires himself, he unites with his fellow-beings and work in an organised group to achieve what he cannot achieve individually.
MANAGEMENT IS A GOAL-ORIENTED
Management aims to archive economic and social objectives. It exists to achieve some goals or objectives. Group efforts in management are always directed goals or objectives. Group efforts in management are always directed the achievements of some direct archivement.
MANAGEMENT IS A FACTOR OF PRODUCTION
Management is not a end in itself but it means to achieve the group objectives. Just as land, labour, and capital are factors of production and are essential for the production of goods and services.
MANAGEMENT IS UNIVERSAL IN CHARACTER
Management is applicable in all types of organization. It means that where ever there is an human activity there is always management applied. IT shows that management is universal in nature. It use in every industry for smooth working environment.
MANAGEMENT IS A SOCIAL PROCESS
Management consists of getting things done through others. This involves dealing with peoples. Management is a social process entailing responsibility for the effective and economical planning and the regulation of the operation of an enterprise.
MANAGEMENT IS A SYSTEM OF AUTHORITY
Management is a process of directing men to perform a task, authority to accomplish the work from others is implied in the very concept of management. Authority means to do work with the help of others by guiding them how to do work in an perfect way.
MANAGEMENT IS A DYNAMIC FUNCTION
Management is a dynamic function and it has to be performed continuously. It is constantly engaged in the moulding of the moulding of the enterprise in an ever changing business environment.
MANAGEMENT IS AN ART AS WELL AS A SCIENCE
Management is a science because it has developed certain principle which are of universal application. But the result of management depend upon the personal skill of management science.
MANAGEMENT IS A PROFFESION
Management is a recognised as a profession. It has a systematic and specialised body of knowledge consisting of principle, a technique and laws and can be taught as a separate discipline or subject.