Management characteristics will elucidate how organizations work, attain their objectives, and sustain effectiveness in a volatile business environment. Management is the integration and regulation of the activities of an organization to successfully achieve its prescribed objectives effectively and efficiently. In this paper, we go in-depth into management’s core characteristics, its objectives, and some guiding principles that run through the practice of management.
Management is the planning, organizing, leading, and controlling of people, finances, technology, and processes to achieve the known objectives of an organization. Management can thus be described as a systematic approach that combines varied activities aimed at ensuring the smooth running of an organization and achieving its goals. Management cuts across all spheres, ranging from business to government, healthcare, and education, to NGOs..
Understanding the characteristics of management is key to grasping how organizations operate and what makes them efficient. These characteristics define the essence of management and distinguish it from other functions.
The major role of management is the efficient and effective use of resources towards the organizational goals. Management not only achieves targets but also increases productivity, and profitability, and improves the general well-being of the organization along with its stakeholders.
1. Profit Maximization
The most essential objective of a business concern is the increase in profit through increasing revenue and decreasing costs. Management provides strategies related to optimizing the usage of resources for increasing profits.
2. Growth and Development
Management looks for the growth of the business in terms of market, customers, new ideas, etc. Strategic planning, research about markets, risk assessment, and others support growth.
3. Employee Satisfaction and Growth
Employees have to be motivated to get the work done. Positive employee engagement and career growth depend upon a good working environment. Management encourages training, development, and motivation of employees to increase productivity.
4. Social Responsibility
The company places major emphasis on ethics, sustainability, and CSR. Management remains on top while competing since it attains a balance between profitability and societal and environmental concerns that keep it in the good books of the brand.
The principles of management are guidelines that guide in an effective decision and successful management of organizations. These principles derive from years of experience and serve as a backbone for good managerial practice.
Tasks should be divided among persons according to their skills and areas of competence to maximize efficiency. Specialization allows faster-accomplishing tasks at higher quality output.
They must have the power to issue instructions and also be liable for their actions. There should always be a difference between authority, such as the right to issue instructions and responsibility, that is, the obligation to act.
The organization needs discipline to ensure that order is maintained and every individual follows the rules and regulations of an organization. It will inculcate respect, obedience, and constructive behavior among its employees.
The employee should have a single report for clarity and not mixed and conflicting instructions. This principle would ensure that there is a line of authority and responsibility.
There should be a single objective of several activities: all endeavors should be directed to achieve the same objective. This reduces duplication of effort and resources.
| Principle | Explanation | Application |
| Division of Work | Specialization of tasks for efficiency. | Assigning specific roles based on expertise. |
| Authority & Responsibility | Balance of power and duty. | Clear job roles and decision-making authority. |
| Discipline | Adherence to rules and standards. | Implementing codes of conduct. |
| Unity of Command | Single reporting line for each employee. | Avoiding confusion in instructions. |
| Unity of Direction | Coordinated activities towards one goal. | Aligning departments to organizational goals. |
From the characteristics of management, it is shown that the process is universal, continuous, and multidimensional and integrates various functions toward the achievement of organizational goals. Its principles will determine managers’ decisions on how to distribute resources in ways that will bring growth, profitability, and an attractive work environment. These are, therefore, aspects of management that any organization must understand to find success in modern competitive environments.
Management is goal-oriented, continuous, universal, multidimensional, and an intangible force that drives organizational activities.
The main objective of management is to utilize resources effectively to achieve organizational goals and enhance productivity and profitability.
They provide guidelines for making decisions, maintaining discipline, and organizing resources efficiently to achieve business objectives.
HR management focuses on recruitment, training, development, employee relations, and performance, aiming to maximize the potential of the workforce.
Unity of command prevents confusion by ensuring that each employee reports to only one manager, streamlining communication and accountability.
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