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Q.Define management and explain its characteristics.

Gujarat GsebGujarat Board (GSEB) HSC Commerce Board 2026Subjective· 5mImportance★★★★★
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Management = process of planning, organising, staffing, directing, controlling to reach goals; it is goal-oriented, pervasive, continuous, a group activity, dynamic, multidimensional and intangible.

In this GSEB Class-12 Commerce question:

Definition: Management is the process of getting things done with the aim of achieving goals effectively and efficiently. As Harold Koontz put it, 'Management is the art of getting things done through and with people in formally organised groups.' It involves planning, organising, staffing, directing and controlling resources.

Characteristics of management:

  1. Goal-oriented process - it aims at achieving predetermined organisational goals.
  2. All-pervasive - management is needed in every organisation, business or non-business, at all levels.
  3. Multidimensional - it manages work, people and operations together.
  4. Continuous process - the functions (planning to controlling) go on without end in a cycle.
  5. Group activity - it involves many persons working together toward common goals. …

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