Step 1: Feature (i): Management is a group activity:
A firm is made up of many people with different needs and ideas. Management brings them together to work for a common purpose.
Every member contributes to the common goal while having a personal aim. The manager has to unite the efforts of the group, so management is not the job of a single person.
Teamwork and coordination among members is what the manager tries to build.
Step 2: Feature (ii): Management is a dynamic function:
Management has to work in a changing business environment. Tastes, technology and laws keep changing.
A manager must keep adjusting the way the firm works so that it survives and grows in the changed situation. A fixed method will fail after some time.
So management is dynamic in nature and has to adapt to the needs of the environment.
Step 3: Feature (iii): Management is a continuous process:
Management is not done once and finished. Managers keep doing the functions of planning, organising, staffing, directing and controlling, one after another.
These functions are interrelated and go on as long as the business exists. The cycle repeats again and again, so management is a continuous process.
Final Answer:
Management is a group activity (unites many people), a dynamic function (adapts to change) and a continuous process (functions keep repeating).