Discuss the Characteristics of Management
Posted by Ripon Abu Hasnat on Wednesday, May 28, 2014 | 0 comments
Management is a distinct activity having the following salient
features:
1. Economic Resource:
Management
is one of the factors of production together with land, labor and capital. As
industrialization increases, the need for managers also increases. Efficient
management is the most critical input in the success of any organized group
activity as it is the force which assembles and integrates other factors of
production.
2. Goal Oriented:
Management is a purposeful activity. It coordinates the efforts of
workers to achieve the goals of the organization. The success of management is
measured by the extent to which the organizational goals are achieved.
3. Distinct Process:
Management is a distinct process consisting of
such functions as planning, organizing, staffing, directing and controlling.
These functions are so interwoven that it is not possible to lay down exactly
the sequence of various functions or their relative significance.
4. Integrative Force:
The essence of management is integration of
human and other resources to achieve the desired objectives. All these resources
are made available to those who manage. Managers apply knowledge, experience
and management principles for getting the results from the workers by the use
of non-human resources.
5. System of Authority:
Management as a team of managers represents a
system of authority, a hierarchy of command and control. Managers at different
levels possess varying degree of authority.
6. Multi-disciplinary Subject:
Management has grown as a field of study (i.e.
discipline) taking the help of so many other disciplines such as engineering,
anthropology, sociology and psychology. Much of the management literature is
the result of the association of these disciplines.
7. Universal Application:
Management is universal in character. The
principles and techniques of management are equally applicable in the fields of
business, education, military, government and hospital. Henri Fayol suggested
that principles of management would apply more or less in every situation.
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