State the characteristics of management.
Management is a continuous, lively and fast developing
science. Management is needed to convert the disorganized resources of men,
machines, materials and methods into a useful and effective enterprise.
management is a pipeline, the inputs are fed at the end and they are proceeded
through management functions and ultimately we get the end results or inputs in
the form of goods, services, productivity, information and satisfaction.
Management is a comprehensive word which is used in different sciences in the
modern business and industrial world. In the narrow sense, it signifies the
technique of taking work from others. In this way a person who can take work
from others is called manager. In the wide sense, the management is an art, as
well as science, which is concerned with the different human efforts so as
achieve the desired objective.