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Q.Explain any five characteristics of Management.

Telangana TsbieTSBIE Telangana Intermediate (2nd Year) Commerce Board 2022Subjective· 5mImportance★★★★★
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Management is a goal-oriented, pervasive, multidimensional, continuous, group and intangible process of coordinating resources to achieve objectives effectively and efficiently. Five of its key characteristics are explained below.

Meaning

Management is the process of planning, organising, staffing, directing and controlling the efforts of people and other resources to achieve organisational goals effectively (right results) and efficiently (least cost).

Five Characteristics of Management

  1. Goal-oriented process - All management activity is directed towards achieving the specific goals of the organisation.
  2. Pervasive (universal) - Management is needed in every organisation - business, social or government - and at all levels.
  3. Multidimensional - It involves management of work, management of people and management of operations together.
  4. Continuous process - Management is an ongoing series of functions (planning, organising, directing, controlling) that never really stops. …

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