Step 1: Characteristics of management.
Management is a dynamic process, which involves setting goals, planning, organizing, directing, and controlling resources to achieve organizational objectives. Two key characteristics of management are:
1. Goal-oriented: Management is always focused on achieving specific goals and objectives that align with the organization's vision and mission.
2. Pervasive: Management is needed at all levels of the organization, and its principles apply to every department, be it marketing, finance, human resources, etc.
Step 2: Conclusion.
These characteristics highlight the importance of management in guiding an organization toward its goals.