Characteristics of Enterprise Management

All activities performed by a manger to get things performed via others are known as management. In other words, management is to manage human and different resources tactfully for the achievement of organizational goals. It’s common in all organized activities. It’s an train of harmonizing men, money, 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 selected objective. Management is an instrument or system that contributes for the environment friendly use of human and other resources to achieve predetermined objectives. The principle objective of business management is to maximize productivity with optimum use of human effort.

Common activity

Management is essential where human activity exists. The process of enterprise management may be completely different from organization to organization however the primary principles 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 aims by, with, and through the people. It makes use of 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 staff within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and steady process. The management system of today might not be applicable or effective for tomorrow. Subsequently, management should 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 a corporation to adjust with the altering environment of the business.

Group activity

The idea of business management isn’t applicable if there’s only one person or proprietor. It represents a staff, class or part of individuals involved in various 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 involves various types of functions. One operate of management is interrelated with another function. The management clearly defines the precise process of work to achieve predetermined goal. It doesn’t consider the trial and error approach.

Each science and artwork

Science is a systematized body of knowledge, principal or fact that is experimentally proved. Equally, artwork is the personal skill and ability to apply the scientific principles. Management is each science and art. It is a science because it is based on some fundamental ideas of common application. Additionally it is an artwork because skill and ability is required for performing managerial functions.

A profession

Profession involves the particular type of work, followed by special knowledge and education. With the development of joint stock corporations and multinational firms the ownership and management has been different. Management of big organizations has been entrusted within the arms of professionals having particular skill and knowledge.

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