Management Notes

Reference Notes for Management

Characteristics of Management – 7 Major Characteristics of Management | Principles of Management

Characteristics of Management

Characteristics of Management

The term ‘management’ refers to the process of planning, evaluating, organizing, leading, motivating, and controlling the human, financial, physical, and information resources of an organization to meet its objectives. 

By focusing on the use of available resources, such as financial resources, natural resources, technological resources, and personnel resources, management involves establishing the strategy of an organization and coordinating the efforts of its employees (or volunteer workers) to meet its objectives.

To achieve a goal, management involves coordinating and administering tasks.

In addition to selecting the organization’s strategy, administration activities involve coordinating the efforts of staff members to meet these objectives. An organization’s seniority structure can also be defined as management.

You’ll need a certain set of skills in order to function as an effective manager, including planning, communication, organization, and leadership.

In addition to having a thorough understanding of the company’s goals, you will also need to be able to direct employees, sales representatives and other operational functions to accomplish these goals.

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