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## Need for Management - Management is needed in every type of business, whether it is small in size or large in size. - It is needed to manage economic or non-economic, individual or social local, regional, national or public problems. - It is also needed to manage specific resources and operati...

## Need for Management - Management is needed in every type of business, whether it is small in size or large in size. - It is needed to manage economic or non-economic, individual or social local, regional, national or public problems. - It is also needed to manage specific resources and operations such as financial management, personnel management or marketing management. - Management has developed as a specialised knowledge and is considered a 'profession'. - As a science, management has its own principles and as an art it is concerned with the skill applied in improving business performance. - From head of the family to the prime minister of the country, or from the worker to the managing director in company, everybody is engaged in managing different activities he comes across in discharging his entrusted duties. ## Characteristics or Features of Management - Management is a Continuous Activity: There is always a continuous need of the solution of problems and improvements in the business. - That is the reason why management is a continuous process. This activity is going to be complex day-by-day due to the dynamic changes in the size and situations prevailing in the business. - Management is a Group Activity: Management is a team work. According to Koontz O'Donnell, "Its task is that of getting things done through people." - Universal Process: Management involves getting things done through and with the people. - Managers perform the same functions regardless of their place in the organisational structure. - The techniques and tools of management are universally applicable. - A manager can achieve process: he can bring vision, hope, action and achievement for better things of life. - Impact upon the achievement is a vital characteristic management. - Management is an Art as well as a Science: Management is both a science as well as an art. - Art is the best way of doing things. - Management is also the art of getting the work done through and with people. - Art is concerned with the exercise of the know-how for the effective accomplishment of desired results. - As a matter of fact, the process of managing is a fine art. - A science has been defined as an 'organised knowledge'. - A science is a systematic body of knowledge based on certain principles. - Management is a social science. - The process of management is very much related with the behaviour of people at work and their behaviour cannot be predicted in an exact manner. - The science and art of management are complementary. With every improvement in the scientific principles of management, the art of management is bound to improve. - To determine Object : Management refers to all those activities which are concerned with assembling men, money, materials, machines and methods for the accomplishment of the goal of maximum profit through selling its production. - An efficient management tries to achieve its pre-determined objectives with the minimum resources. - Management is a Social Process: Management aims at optimum utilisation of scarce resources of an organisation for the benefit of the community as a whole. - In fact, management is accomplished by, with and through people. - The human factor is inseparable from management. - All business organisations are social organisations as they are constituted from management.