It must adopt its changing conditions, so, it is a dynamic system. Management principles, concepts, and prac­tices are used across a wide canvas, and this makes it pervasive. Management is a group activity – Since management is essential to undertake any organised activity, one may infer that management is concerned with a group activity. It is necessary that the objectives of the management should be well defined at all the levels of management. Such countless decisions are based on the data and analysis which constitutes the management. A manager is supposed to get things done, rather than doing things himself, by using authority. Management is a science because it has developed certain principles which are of universal application. The Idea behind Patent Protection Without management, resources of production remain resources merely and never become production. Thus, management is both a science and an art. (vi) In general, individuals have their own goals, which are known as personal goals. Report a Violation 11. According to Drucker, ‘Managers do not wait for the future; they make the future’. Managing Results through Others. It is a means to achieve certain … Synthesis 12. It is the management which plans, organizes, co-ordinates and controls the affairs of the organization. References. A farmer should know the characteristics of the soil and a fisherman must understand the nature of the sea to get the best results from these resources. Management unites the efforts of different individuals in the organisation towards achieving these goals. In fact, any person has to must see his personal goals are below the organizational goals and carry out his work. It is an expression of a favorable or unfavorable evaluation of a person, place, thing, or event. Chief Executive Officer : The highest ranking executive in a company who is responsible for a company's operati... Locational Attributes for a Plant Layout In product markets, the problem of imitation poses a great problem for innovators who are deprived of enjoying ... Executive Development - Options are Wide Open Management seeks to achieve goals. Management is applicable in all types of organisations. “Management is the art of getting things done through people.”. (v) With the Authority (command and control) in their hand they act as a unifying life force to integrate all the resources to achieve organizational goals which aims at satisfying the needs of society. It is the management which makes the people realize the objectives of the group and direct their efforts towards the achievement of these objectives. Self Motivation-Key to Managerial Success Nature and Characteristics of Management . Management integrates the resources and optimises the output. These factors themselves cannot give any production; they need the management to give the desired goals. Management is an all-pervasive activity. Today, we talk of management at every level—a family, a team, a group, a school, a small business organisation such as a ‘kirana’ shop, or a big business entity. Management activities aim at achieving goals or tasks to be accomplished. In earlier days, management and enterprise were lumped into the same factor. So, we can say that the management is a distinct process comprising the above functions. Management aims at achieving some definite goals or objectives. The basic principles of management are applicable in business as well as in other organizations. However, unlike other resources, it cannot be seen; it can only be felt. Vivek S. Sane, “Principles and Practice of Management, 2004”, Symbiosis center for Distance Learning. Management as an Applied Science 17. 7. The characteristics of management can be described as follows: Management is basically multidisciplinary. Hence it is universal in nature. Strategic management nature is different from other aspects of management. Authority is the power to get the work done from others and to compel them to work in a certain manner. From morning till evening, you plan your work, co-ordinate recourses, control yourself to achieve your goals. 3. In such a state, nothing can be opti­mised. “Management is the art of getting things done through and with people in formally organised groups.”- in his book “The Management Theory Jungle”. Similarly, managers should know the nature/characteristics of management if they have to get best results from it. The principles are generally practical guidelines which are flexible and worth of adoption in all the organizations. An efficient management can make the employees to work efficiently and an inefficient management can break the employees and can bring industrial unrest in the business organization. This was possible only because he had able administrators who shared the same kind of wavelength. department, hotel, hospital, hostels, educational institutes, require management for several growth and expansion. 1. Managers at different levels possess varying degrees of authority. In a business organization, the primary goal is to produce and distribute goods and services in order to earn profit. Top 8 Characteristics of Modern Management Thoughts, Useful notes on Management: Introduction, and Concept of Management, Scientific Management: Meaning and Characteristics | Hindi | Management, haracteristics of Management – Most Important Characteristics: Management is Intangible, Goal-Oriented, Universal, Social Process, Group Activity and a Few Others, Characteristics of Management – Some Distinct Characteristics: Goal Orientation, Pervasiveness, Universality, Transferability and a Few Others, Characteristics of Management – Salient Features of Management, Characteristics of Management – Top 14 Characteristics: Distinct Process, Indefinable Force, Management is a Science as well as an Art and a Few Others, Characteristics of Management – 12 Different Characteristics: Multidisciplinary, Goal-Oriented, Economic Resource, Dynamic Nature of Principles and a Few Others. This evolved from the beliefs on participation and centrality of people in productivity that dominated the 20th century. Universal application: The principles of management are universal in nature that means they can be applied to all types of organisations irrespective of their size and nature.