Education and Career Forum

what is management ? and nature and features of management and what is the importance of management?

Management is an activity of getting the things done by others.

Below points would cover the nature and features of Management

-Management is a never ending activity. Every time Manager has to perform his main functions
Planning
Organizing
Directing
Controlling

-Result oriented : Manger expects results like Profits and increase in market share.

-Management is an Art and Science

-Management is multidisciplinary in Nature

-Management is intangible

-Management is dynamic in nature

-Management follows established Principles or Rules

-Management is a group and not an individual activity

Importance of Management :
-Management is required to get the best out of the people
-Management is very much important for the business to overcome the competitors by preparing strategies.

One should be good enough at Management skills otherwise he can not people manage the people under him which would result in losses to the organization.