10 most important characteristics of management

10 most important characteristics of management

1. Name - Aritrya das JISU Roll no. – 191112019119 Course - B.sc H&HA Semester - 6sem pre-it 4th semester Paper code - BHM 607 Topic name - 10 most important characteristics of management

2. 10 most important characteristics of management Characteristic # 1. Management is Intangible:As has been pointed out by Terry, management is intangible. It cannot be seen. It is an unseen force. However, its presence can be felt by the results of its efforts in the form of production, sales and profits. Characteristic # 2. Managements Goal-Oriented:Management seeks to achieve goals. These goals may be economic or non-economic. In a business organization, the primary goal is to produce and distribute goods and services in order to earn profit. In a service organization, the goal might be customer service (hospitals, educational institutions, etc.). Characteristic # 3. Management is Universal:Management is an all-pervasive activity. The basic principles of management are applicable in business as well as in other organizations. These principles, however, need careful application depending on situational demands.

3. Characteristic # 4. Management is a Social Process:According to Newman, management is a social process because it deals with people first. To make the best use of human efforts, managers have to create close cooperation among employees in an organization. They have to use resources for the benefit of society as a whole. They have to look after the interests of employees, shareholders, customers, investors, and community. Characteristic # 5. Management is a Group Activity:Management is concerned with getting things done through people. People join groups in order to achieve results collectively Management helps people in realizing their individual as well as group goals in a coordinated manner. Characteristic # 6. Management is a System of Authority:A manager is supposed to get things done, rather than doing things himself, by using authority. Authority is the right to give orders and the power to obtain obedience from subordinates.

4. Characteristic # 7. Management is an Activity:Management is a distinct activity (like playing, teaching, studying). It can be studied, knowledge about it obtained, and skill in its applications acquired. Characteristic # 8. Management is Dynamic:Management is a dynamic and growth-oriented function. It tries to visualize problems before they turn into emergencies and takes suitable steps. It tries to adapt itself to the environmental changes quickly It proposes to take actions to make the desired results to come to pass. According to Drucker, ‘Managers do not wait for the future; they make the future’. Characteristic # 9. Management is a Science as well as an Art:Management is a systematized body of knowledge based on certain principles capable of general application. The principles underlying time and motion studies, morale, motivation, leadership can be applied by persons working in various capacities. Art is the application of knowledge and skills in order to achieve results. Management is an art because it involves the use of know-how and skills, just like any other art such as – music, painting, etc. In recent years, management has developed into a separate, distinct discipline, receiving vital inputs from subjects such as – psychology, sociology, anthropology, economics, etc.

5. Characteristic # 10. Management is Leadership:The management has to lead a team of workers. It must be capable of inspiring, motivating and winning their confidence.