What is the definition of management and what are its characteristics?
Understand the Problem
The question is about defining management and outlining its characteristics, as presented in the document.
Answer
Management is the process of administering and controlling organizational affairs, characterized by universality, goal orientation, continuity, multi-dimensionality, group activity, dynamic function, and intangible force.
Management is the process of administering and controlling the affairs of an organization, and is characterized by being universal, goal-oriented, and a continuous, multi-dimensional, group activity. It acts as a dynamic function and an intangible force that integrates resources efficiently.
Answer for screen readers
Management is the process of administering and controlling the affairs of an organization, and is characterized by being universal, goal-oriented, and a continuous, multi-dimensional, group activity. It acts as a dynamic function and an intangible force that integrates resources efficiently.
More Information
Management integrates human and material resources using the 5 M's: men, machine, material, money, and methods. It focuses on achieving business objectives efficiently and effectively.
Tips
Avoid overlooking the significance of each characteristic of management, as they collectively define its comprehensive nature.
Sources
- What is Management? definition, characteristics, levels and functions - businessjargons.com
- Management : Meaning, Characteristics, Objectives, and Importance - geeksforgeeks.org
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