Home / Management/ Features of management

Features of management


Comments / {{hitsCtrl.values.hits}} Views / Monday, 17 June 2019 00:00

Facebook

Management is an activity concerned with guiding human and physical resources such that organisational goals can be achieved. Nature of management can be highlighted as:

1.Management is goal-oriented: The success of any management activity is assessed by its achievement of the pre-determined goals or objectives. Management is a purposeful activity. It is a tool which helps use of human and physical resources to fulfil the pre-determined goals. For example, the goal of an enterprise is maximum consumer satisfaction by producing quality goods and at reasonable prices. This can be achieved by employing efficient persons and making better use of scarce resources. 

2.Management integrates human, physical and financial resources: In an organisation, human beings work with non-human resources like machines. Materials, financial assets, buildings etc. Management integrates human efforts to those resources. It brings harmony among the human, physical and financial resources.

3.Management is continuous: Management is an ongoing process. It involves continuous handling of problems and issues. It is concerned with identifying the problem and taking appropriate steps to solve it. E.g. the target of a company is maximum production. For achieving this target various policies have to be framed but this is not the end. Marketing and Advertising is also to be done. For this policies have to be again framed. Hence this is an ongoing process.

4.Management is all pervasive: Management is required in all types of organisations whether it is political, social, cultural or business because it helps and directs various efforts towards a definite purpose. Thus clubs, hospitals, political parties, colleges, hospitals, business firms all require management. Whenever more than one person is engaged in working for a common goal, management is necessary. Whether it is a small business firm which may be engaged in trading or a large firm like Tata Iron & Steel, management is required everywhere irrespective of size or type of activity. 

5.Management is a group activity: Management is very much less concerned with individual’s efforts. It is more concerned with groups. It involves the use of group effort to achieve pre-determined goals.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Origins, rise and irrelevance of SLMC

Friday, 20 September 2019

Andreas Johansson’s ‘Pragmatic Muslim Politics: The Case of Sri Lanka Muslim Congress,’ Switzerland: Springer, 2019, is the latest piece of academic research on SLMC, based on Parliamentary Hansards, official party documents and information rec


Questions about Speaker’s candidacy for the presidency?

Friday, 20 September 2019

It is rather unfortunate that Mr. Karu Jayasuriya has issued a statement (17 September), as the Speaker, ‘that he is willing and ready to contest the Presidential Election, on the request of some organisations and individuals, including Maha Sangha


Mr. NOTA and understanding the Presidential Election

Friday, 20 September 2019

The Presidential Election is round the corner, but the public is still confused about the powers of the next president. It can be said that the 19th Amendment has made a significant change in the system of governance despite the fact that it had bee


The dark tower – a lighter loftier look after its initial illumination

Thursday, 19 September 2019

WHERE WERE YOU WHEN THE LIGHTS CAME ON AT THE LOTUS TOWER? Wait, what? Are you being serious? Do you mean in the midst of our sea of troubles – from addressing poverty to abolishing presidencies – a singular erection has stolen their thunder? (I


Columnists More