question_answer

"Management is the process of working with and through others to effectively achieve organisational objectives by efficiently using limited resources in the changing environment." In the light of the above statement, explain any three features of management.

Answer:

The above said statement is true. In the light of above statement, features of management are as follows: (any three) (i) Management is a Goal-oriented Process Objectives refer to the end result to be achieved through operations. They are set for the organisation as well as all departments. Management seeks to achieve these objectives through co-ordinated efforts. (ii) Management is all Pervasive Management is necessary to conduct all types of activities whether it is a business or non-business activity. It is equally applicable in private and public enterprises, small and large enterprises, government and non-government enterprises. So, it is equally required in a petrol pump, a hospital, an office, whether in India, USA or Japan. (iii) Management is a Continuous Process Management is an ongoing process of planning, organising, staffing, directing and controlling which brings the management cycle back to planning. (iv) Group Activity An organisation is a collection of diverse activities and different individuals. Through coordination and teamwork, management unites the efforts of individuals to achieve organizational goals, along with the fulfilment of personal goals of the individuals.