The Traits Of Business Administration

The Traits Of Business Administration

All activities performed by a manger to get things done by way of others are known as management. In other words, management is to handle human and different resources tactfully for the achievement of organizational goals. It's common in all organized activities. It is an exercise of harmonizing men, money, machines, materials and methods towards fulfilling the defined objectives.

Check our list of characteristics of enterprise management

Goal oriented

Each group is established for a selected objective. Management is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The principle goal of business administration is to maximize productivity with optimum use of human effort.

Universal activity

Management is essential the place human activity exists. The process of business administration may be totally different from group to organization but the basic rules of administration are same. It can be said that the management rules are universally applicable.

Social process

Business administration is a part of social process. Administration achieves its objectives by, with, and thru the people. It utilizes human resources for the achievement of organizational goals. Management has to consider not only the organizational objectives but additionally the social objectives. It has to fulfill the wants of employees within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and steady process. The administration system of at this time might not be applicable or effective for tomorrow. Therefore, administration have to be dynamic and flexible with the altering environment of the society. Management has to switch its fashion according to the time and situation. This flexibility is essential for a corporation to adjust with the altering surroundings of the business.

Group activity

The concept of business management is just not applicable if there's only one particular person or proprietor. It represents a group, class or part of individuals involved in numerous managerial functions. It is essential if there is a group of people concerned in performing any activity to achieve frequent goals. Management defines the writerity, responsibility and procedures to perform specific work.

Distinct process

Management as a process entails varied types of functions. One operate of management is interrelated with one other function. The management clearly defines the precise process of work to achieve predetermined goal. It does not consider the trial and error approach.

Both science and artwork

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

A profession

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

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