Characteristics of Management:-
(1) Management is a process: - Management is a process that includes various activities which lead to the attainment of predetermined objective. It is social phenomenon because managing of the activities is linked to the people who manage them. Management in also an economic activity because it uses economic sources.
(2) Management is a group activity: - Management is a teamwork or the management always spurs a joint endeavour. It is group of people that operates that the activities of an enterprise and the attainment of the objectives is possible by the collective efforts of a group of people rather than by an individual”s efforts.
(3) Management is a Continuous activity:- In business there is a constant Endeavour of commission and omission of activities is therefore, known as perpetual or a continuous phenomenon. The size and the varying circumstances, has further complicated the process of management.
(4) Management is a an art as well as science: - Management is both an art and science, as well as and are so well knitted, that are inseparable. As an art, the management refers to behavioural service efficiency, skill, constructive thoughts ideas and development through practice etc. Thus, management is a dichotomy of art and science.
(5) Management is a social process:- In business, management is related to the human aspect. All the workers is an organisation are the organs of the society. Thus, their leadership and management are the part of social activities. In this context, Brech remarks, “Presence of human element in management is its testimony of a social activity.”
(6) Management is a profession: - In view of the constantly growing complexities is any business, depends no longer, on the general knowledge, common sense and experience only but deep knowledge of in management is the need of the hour. In management science, an extra knowledge, training facility, since of dedication, good behaviour sense and code of conduct, all in totality along with all the essential characteristics of a profession are involved. Thus management is a profession of which the education is imparted in various universities and academic institutions.
