Question

State any three features of Management.

Hint:

Remember the acronym 'P-G-M-I-C-D-I' for all features:
Pervasive, Goal-oriented, Multidimensional, Intangible, Continuous, Dynamic, and Group activity.
Always link features to real-world examples to gain better marks.

Answer 1

Concept:

• Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims.

• It possesses certain universal characteristics that distinguish it from other organizational activities.
Step 1: Management is a goal-oriented process
Management always aims at achieving certain specified objectives of the organization.
It unites the efforts of different individuals in the organization towards achieving these goals.
These goals should be simple and clearly stated to give a sense of direction.

Step 2: Management is all pervasive
The activities involved in managing an enterprise are common to all organizations.
Whether it is a profit-making business or a non-profit social organization, management is required.
Management is equally important in a small firm as it is in a large multinational corporation.

Step 3: Management is multidimensional
Management is a complex activity that has three main dimensions.
Management of work translates the goals to be achieved into tasks to be performed.
Management of people involves dealing with employees both as individuals and as groups.
Management of operations involves the production cycle where inputs are converted into outputs.