Lesson 5. Special vocational-oriented material for the study of common characteristics of modern management and managerial activity

Read the text №1: Features of Management

Management is related to channeling human and physical resources in order to achieve organizational goals. The characteristics of management are emphasized as follows:

Management is goal-oriented: Accomplishing predetermined goals or objectives determines the success of management activities. It is a focused activity and an instrument to aid human and physical resources in order to reach the predetermined goals.

Example: Producing goods of high quality and affordable costs is the aim of any enterprise and this is accomplished using sparse resources effectively and also employing capable persons.

Management combines Human, Physical and Financial Resources: In an organization, people carry on their work using non-human resources. Management brings about harmony among human, physical and economic resources.

Management is Continuous: Management is a nonstop process as it constantly handles problems and issues that are related to identifying and also solving them.

Example: In order to achieve the goal of maximum production in a company, it is important to make certain policies and then market and advertise the products. This requires more policies to be made and so it is considered as a continuous process.

Management is all pervasive: Management is needed in all organizations such as political, social, and cultural or business as it helps in achieving a fixed goal. It is required in clubs, hospitals, colleges, political parties, business firms, etc as all of these need it regardless of any type of activity. Hence, management is needed wherever many people work for a common goal.

Management is a Group Activity: Management is mostly concerned with groups managing an enterprise and less with individual’s labors. It makes use of group efforts in order to attain predetermined goals.

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