Introduction
Explore "what is management and its top 10 characteristics ".In this article you will understand the concept of management and its characteristics.
In simple terms, management means "to manage”. We use this term daily while dealing with household chores or office work.Many definitions of management have been derived by various authors and are available in books. Although the explanations of every author differ, the core meaning remains the same.
Some commonly definition given below:
1."Management is the art of getting things done through other."_SOL Book
Explanation:
Management helps instruct other people to do some work in an efficient manner. managers plan, organize, and manage teams to perform tasks efficiently, ensuring that resources are used effectively to achieve organizational goals.
2."Management is the process of performing a set of function (Planning, Organizing, Staffing, Directing, and Controlling) to get work done in an effective and efficient manner."
3."Management is the act of getting things done through people."Joseph Massie
What is Effectiveness and Efficiency in management with example
Efficiency involves minimizing costs and increasing output.
Situation I, firm is able to produce 15000 shirts at cost of ₹200 per shirt and shirt produced within time then we can say firm is effective but not efficient because it done its goal but in cost effective manner.
Situation II, Another firm is able to produce shirts at cost ₹180 per shirt, and the production is also completed within the given time. we can say firm is effective and efficient.
Top 10 characteristics of management with example
Management is goal oriented:
Every organization should choose its goal because we need management when we have some goal to be achieved . Only an organization without goal can say that there is no need of management .
So, we can say that management is goal oriented process.
Management is Pervasive:
- The use of management is universal because the use of management is not restricted to business firms only, it is applicable in profit making, non-profit making, business or non-business organization; even a hospital, school, club and house has to be managed properly.
- Concept of management is used in the whole world whether it is USA, UK and India.
- It is applicable for every level and every department.
Management is a continuous process:
- Management is a continuous process and never ending process.
- As soon as one function of management ends then next function starts .
Management is a Dynamic Function:
- Management is ever changing.
- Management is because management needs to adjust themselves in accordance with changing circumstances.
- As we know business environment never same all time. So management should be dynamic.
- Example:- when jio enters into Indian telecom sector it affects to all telecom companies but Airtel Bharat is maintained their position because of management and quality of service.
Management is group activity:
- It means that a single person cannot do all the work of management themselves , management is done by group of people.
- In the organization, every person do their work based on their position and responsibilities. this team work ensure that the management tasks are carried out successfully, making it is group activity.
Management is intangible:
- Management is not visible as it can only be seen through its results.
- It can be observed by comparing a well-managed organization with a poorly managed organization.
Coordination:
- As we know that management involves a lot of activities.
- All these are interrelated and interdependent on each other.
- It is very important to ensure coordination between various levels and departments in order to ensure coordinated working of an organization.
Decision-making:
- Management helps an managers to take decisions.
- managers use management principals and with their own experience to making decisions.
- Decision-making is an important part of management because it ensures that plans are carried out properly and resources are allocated efficiently.
- Example: From the start of the management process, a manager is aware of the plan and makes decisions based on the requirements of the plan, such as allocating resources, setting deadlines, or prioritizing tasks*.
*Focusing on what needs to be done first.
Management is multi-dimensional:
- Management is a field that has been changing and developing gradually, especially as organizations have become larger and more complicated. This growth has managed to a greater demand for efficient administration. To meet this demand, management has taken ideas and concepts from several well-known areas like science, sociology, economics, and political science.
- Management is a complicated task that involves mainly three parts:
Management of Work:
Every organization perform some activities , such as producing or selling goods. Work can be defined as the goals that must be achieved.
Management of People:
The most important asset of any organization is its people (i.e. employee ).It is crucial to manage this resource effectively to ensure that it contributes to reaching the organization's objectives.
Management of Operations:
Every organization either manufacture a product or provide a service. This involves a production process, which means they have to use operations to convert inputs into outputs. This process is connect management of work and management of people.
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