Marketing91

  • Home
  • All Tutorials
    • Marketing
      • Advertising
      • Branding
      • Sales
      • Retailing
      • Consumer Behavior
      • Customer Management
      • Distribution
      • Market Research
      • Pricing
      • Product Management
      • Strategy
      • STP Marketing
      • Services Marketing
    • Digital Marketing
      • Blogging
      • SEO
      • E-commerce
      • Email marketing
      • Social Media Marketing
      • Facebook Marketing
    • Brands Analysis
      • Marketing Mix
      • SWOT of Brands
      • Strategies
      • Competitors
      • Lists
    • Management
      • Communication
      • Leadership
      • Decision Making
      • Team Management and Delegation
      • Organizational Management
      • Motivation
      • Personal Development
      • Project & Risk Management
      • Time Management
      • Operations Management
    • Careers
      • Interviews
    • Business
      • Business Models
    • Human Resources
    • Skills
  • News
  • About Us
    • Contact Us
  • Academy
Home » Management » 16 Characteristics of Management

16 Characteristics of Management

July 19, 2023 | By Hitesh Bhasin | Filed Under: Management

Management is an ongoing process that requires both tangible and intangible forces to help in achieving organizational goals. It involves the use of practical knowledge, good management skills, and physical resources in such a way as to create a dynamic function.

A successful manager needs multidimensional management capabilities and must be able to use all the tools at their disposal to develop a powerful management table. This involves creating a group activity that can be used to motivate and direct employees toward achieving the organization’s objectives.

Good management skills include being able to listen to others, set clear goals, delegate tasks, and responsibilities effectively, understand how people work together, build an effective team, stay organized, solve problems quickly and efficiently, and positively motivate employees.

A successful manager must also be able to create an environment of trust and respect amongst the team and work together towards achieving common goals.

Table of Contents

  • Management Explained
  • Characteristics of Management
    • 1. Universal
    • 2. Economic Resource
    • 3. Goal Oriented
    • 4. Continuous Process
    • 5. Distinct Process
    • 6. Multi-dimensional
    • 7. Management is both Science and Art
    • 8. Integrative Force
    • 9. Group Activity
    • 10. System Authority
    • 11. Dynamic in Nature
    • 12. Situational In Nature
    • 13. Multi-disciplinary Subject
    • 14. Intangible Force
    • 15. Time Management
    • 16. Improves Efficiency
    • Conclusion

Management Explained

Management is an essential part of any organization and is universally accepted as a social process that involves getting people together to effectively manage work and resources, and produce goods or services. It also applies to the efficient utilization of other factors such as money and time.

For example, Human Resource Management (HRM) deals with managing people in organizations. It is responsible for organizing, planning, and directing the activities of employees to ensure that an organization meets its goals. In sum, effective management is a process that requires effective leadership to coordinate the activities of people to achieve desired objectives.

Characteristics of Management

Some of the important characteristics of management are

1. Universal

Management applies to all types of organizations, regardless of their size and complexity.

All organizations, no matter their wealth, need management to control their activities; management is therefore universal.

2. Economic Resource

Management is an economic resource as it turns a company’s inputs (resources) into outputs (products). It is a process of decision-making that maximizes the use of resources to reach desired goals.

Also Read  Top Must-Have Time Management Skills for Better Management

Management is responsible for the efficient and effective use of resources such as manpower, money, materials, machines, and methods. An effective manager knows how to allocate and utilize resources to achieve organizational goals.

3. Goal Oriented

Management is goal oriented and focuses on reaching those goals with the best use of resources.

Management activities are directed toward the achievement of certain objectives and goals. With this characteristic, management emphasizes the results or outcomes that should be achieved.

4. Continuous Process

Management is a continuous process and it involves planning, organizing, staffing, directing, controlling, and problem-solving.

All of these activities are related and work together to ensure the successful operation of an organization.

5. Distinct Process

Management is a distinct process since it is separate from other activities or processes in the organization.

It is responsible for developing and implementing plans, policies, and procedures that ensure the organization is working towards the desired goals and objectives.

6. Multi-dimensional

Management is multi-dimensional because it involves dealing with a wide range of activities and tasks. It involves the coordination of people, materials, machines, methods, information, and money to achieve organizational goals.

An effective manager must understand all of these components to effectively manage them and ensure success.

7. Management is both Science and Art

Management can be both a science and an art as it combines scientific knowledge and creative skill to get the best out of people.

It involves tasks such as planning, organizing, staffing, directing, and controlling which require scientific knowledge and it also requires creativity in dealing with people and situations.

8. Integrative Force

Management is an integrative force that brings together all the activities of formally organized groups into one cohesive unit.

It is responsible for coordinating the activities of people and other resources to help achieve organizational objectives.

9. Group Activity

Management is a group activity because it involves working with and through others to get the job done.

A manager helps form teams that are capable of achieving organizational goals by using their collective knowledge, skills, and abilities.

10. System Authority

Management is a system of authority and responsibility that involves assigning tasks, setting goals, providing resources and guidance, and monitoring performance.

Also Read  Berlos Model of Communication Explained

A manager is responsible for organizing the work of other people to get the job done efficiently and effectively.

11. Dynamic in Nature

Management is dynamic because it is constantly changing and adapting to the environment in which an organization operates.

A manager must be able to recognize changes in the external and internal environment and adjust the management process accordingly.

12. Situational In Nature

Management is a situational activity as it requires that decisions be tailored to the particular situation.

A manager must be able to assess the environment, identify opportunities and threats, and then make appropriate decisions for the organization.

13. Multi-disciplinary Subject

Management is a multi-disciplinary subject because it draws from many disciplines such as sociology, psychology, economics, and organizational theory.

A manager must be able to understand how different disciplines interact and apply their knowledge in the management process.

14. Intangible Force

Management is an intangible force because it involves dealing with people, ideas, information, processes, technology, and other resources that cannot be seen or touched.

An effective manager needs to be able to understand and motivate people, as well as use technology and information systems effectively.

15. Time Management

Management involves the effective use of time to accomplish goals.

A manager must be able to plan and prioritize tasks and activities, delegate responsibility, and ensure that resources are used efficiently.

16. Improves Efficiency

Management helps to improve organizational efficiency by making sure that activities are effectively coordinated and resources are used in the most effective manner possible.

An effective manager will be able to identify areas of waste and implement strategies to reduce or eliminate it, leading to increased productivity and cost savings.

Conclusion

Management is a complex art, requiring many characteristics to ensure success. Good leaders must possess strong communication skills and the ability to motivate their teams, as well as the necessary problem-solving and decision-making skills.

Additionally, they should have a deep knowledge of the industry in which they work, as well as a strong ethical foundation.

Finally, they must be flexible and be able to adjust their strategies to effectively meet the needs of their organization. All of these characteristics are essential for successful management and leadership.

Also Read  Leadership Development - Definition, Importance, Steps and Advantages

Liked this post? Check out the complete series on Management

About Hitesh Bhasin

Hi, I am an MBA and the CEO of Marketing91. I am a Digital Marketer and an Entrepreneur with 12 Years of experience in Business and Marketing. Business is my passion and i have established myself in multiple industries with a focus on sustainable growth. You will generally find me online at the Marketing91 Academy.

Related posts:

  1. Management Science – Concept, Characteristics and Tools
  2. Effective Management | Functions, Characteristics and Tips
  3. What is Value Based Management? Process of Value Based Management
  4. How to do Risk Management? 7 Step Risk Management Process
  5. Top Must-Have Time Management Skills for Better Management
  6. What Is Risk Management? Importance Of Risk Management
  7. 9 Management Activities which Management has to do
  8. Management Control: Meaning, Types, & Features of Management Control
  9. Management Consulting – Advantages of Management Consulting
  10. 10 Characteristics of Information
Not found what you are looking for? Search this website.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement
Recent Posts
  • Digital Marketing: Definition, Importance, Types, Skills and Tools
  • 9 Characteristics of Quality
  • What is Television Advertising? Characteristics, Types & Examples
  • What is Women Entrepreneurship? Features, Functions and Characteristics
  • Consignment Sales: Definition, Advantages and Disadvantages
Advertisement

Marketing91

MORE INFO

  • About Marketing91
  • Marketing91 Team
  • Privacy Policy
  • Cookie Policy
  • Disclaimer
  • Terms of Use
  • Editorial Policy
  • Advertise
  • Contact us
  • Sitemap

WE WRITE ON

  • Marketing
  • Management
  • Strategy
  • Skills
  • Careers
  • Digital Marketing
  • Business
  • Human Resources
  • Operations Management
  • Marketing News
  • SWOT's
  • Marketing mix's
  • Competitors
  • Strategies
  • Lists
Search
[email protected]

Copyright © 2023 Marketing91 All Rights Reserved