Features and Characteristics of Management Video Lecture | Business Studies CUET Preparation - Commerce

next coming to features and
characteristics of management I think
from the definition itself we can derive
the characteristics of the management
first one it is a goal-oriented process
then we see the definition of Management
it says it is a process of getting
things done furthers with the objective
of achievement of organizational goals
the main purpose of management is to
direct the efforts of all the people
working in an organization towards the
accomplishment of organizational goals
the main purpose is to achieve the
organizational goals effectively and
efficiently therefore it is very rightly
said that management is a goal-oriented
process secondly it is a group activity
it is not a one-man show it is not a
one-man show right we have a production
department we have a sales department we
have a finance department we have a
marketing department right so the job of
management is that we ensure unity of
action of all these groups who are
working towards the achievement of the
organizational goals so it is not a one
man's job it is very much a group
activity right then we say that
management is an intangible force what
is the meaning of intangible I am Angela
right you can touch you can feel this
podium is tangible intangible is
something cannot see and touch and feel
right but its presence can be filled
management is an intangible force whose
presence can be felt when the entire
work is being done as per the plan there
is complete orderliness in the
organization's that's why we say that it
is a well-managed
organization it is a well-managed
organization it's a continuous
like I just told you that it is not a
one-time activity we plan right we
design the authority responsibility
structures right we staff there after
the direct who's to do what right we
motivate we communicate there after we
compare our actual performance with the
standard performance find out deviations
then after analyzing those deviations we
prepare afresh
laughs right so this is it goes on and
on and on it is a continuous process
thereafter this is very important that
management is multi-dimensional
management is multi-dimensional
this means it translates it translates
the goals and objectives of the
organization in terms of what is the
work which is to be done it translates
the entire goals and objectives of the
organizations into verb which is
required to be done the problems which
are required to be solved the decisions
etc which are required to be meet
pouring goals your broad goals and
objectives and who commits translate erm
in terms of problems to be solved
decisions to be made plans to be
established right there are becomes
management of people this is very
important management of people when we
talk about management of people people
means your Human Resources you know when
we compare two organizations they are
going to have round about the same kind
of finances the same kind of technical
support right the technology that they
are going to be using the only factor
which gives an organization of
competitive edge over the other
organization is its human
right Alka finance Karachi Technology Co
he was cornered I guess Akata that is
your human resource so it is your human
resources which are going to give you an
competitive edge over your over the
other organizations so how you manage
your people right how you manage your
human resource human resource management
is a very important aspect of management
the tasks of the manager is to
continuously motivate these people
figure people working in an organization
towards the achievement of the
organizational goals then after we talk
about management of operations that is
we hear talk about you are managing the
production process managing the
production process that is how do we
convert the input and the raw material
into the final product that we are going
to offer to the customers for see right
so when we say management is
multi-dimensional we talked about three
dimensions that is management of
management of people and management of
operations next management is all
pervasive all pervasive meaning it is
present in all the organization's beat
school beat Hospital Reed College beat
overbuilt organization beat an entry of
any organization you talk about
management is present over there and not
only of organizations we talk of
different levels okay at all levels of
organization management is present and
is very much required last but not the
least management is a dynamic function
and it is not something like a rigid
prescription fine
it is management is very flexible it is
capable of changing itself it's capable
of adapting to the changing needs and
requirements of
based external environment right we all
know that external environment in which
the organization operates it keeps on
changing every now and then throwing
various opportunities and challenges
above me right so management
you