NATURE OF MANAGEMENT or SALIENT FEATURES OF MANAGEMENT

MANAGEMENT

 Management is the art of getting things done through and with people in formally organized groups. (Harold Koontz)

Management is the Co-ordination of all resources through the process of planning, organizing, directing and controlling in order to attain stated goals. (Henry L. Sisk)

Management is the process of working with and through others to achieve organizational objectives in a changing environment.

NATURE OF MANAGEMENT or SALIENT FEATURES OF MANAGEMENT

1) Management is Universal:

Management is required in every form of group activity whether it is a family, a club, a government, an army or a business enterprise.  The approach and style of management may differ from one organanisation to another. But in each case it involves marshalling of human and physical resources towards the attainment of common objectives.

2) Management of is purposeful

Management exists for the achievement of specific objectives   It is a means towards the accomplishment of predetermined goals.  All activities of management are goal oriented.

3) Management is a unifying force

The essence of management lies in the co-ordination of individual efforts into a team.  Management reconciles the individual goals with organizational goals.  As a unifying force, management creates a whole that is more than the sum of individual parts.  It integrates human and other resources.

4) Management is a social process

Management is done by people, through people and for people.  It is a social process became it is concerned with interpersonal relations.  Human factor is the most important element in management.

5) Management is multi disciplinary

Management has to deal with human behavior under dynamic conditions.  Therefore, it depends upon wide knowledge derived from several disciplines like engineering, sociology, psychology, economics, mathematics, anthropology… etc.

6) Management is a continuous process

Management is a dynamic and an on-going process.  The cycle of management continues to operate so long as there is organized action for the achievement of group goals.

7) Management is intangible

Management is an unseen or invisible force.  It cannot be seen but its presence can be felt everywhere in the form of results.  However, the managers who perform the functions of management are very much tangible and visible.

8) Management is situational

Efficient management is always situational or contingency management because there is no one best way of doing things.  Management is all about the application of knowledge to realities in order to attain derived results.

9) Management is essentially an executive function

It deals with the active direction and control of the activities of people to attain predetermined objectives.  Management is a technique by means of which the objectives of human group are determined, clarified and accomplished.

10) Management is an art as well as a science

Management contains systematic body of theoretical knowledge on well as the practical application such knowledge.