Features of Management : Business Studies Class 12 notes

 Management is a continuous process. And, all the efforts of management has a single preview of achieving goals. The biased output is the result of ineffective management. Hence, it's vital to understand the key points of management.

At the end of this article, you will be able to understand the features of management. Also, read the concept of management for crystal clear understanding of management.

Features of Management 

Management has some vital key points to know about. Your exam will ask you for features and your mind will ask for aspects. Let's clear them in a stroke.

1. Management is Pervasive

The term pervasive defined as universal. Hence, these states management is a pervasive process. The activities of management are common and take place in every organisation in the world.No matter what type of organisation it is, no matter where the organisation is located.

e.g An school located in somewhere in America is also doing activities of management the same as in your country. And many others are following the same.

2. Management is a continuous process

As I have stated in my first lien itself. Management never stops, it consists of a series of activities which repeat themselves. It includes planning, organising, directing, staffing and controlling. Managers simultaneously perform their functions. The task of manger consists of an ongoing series of functions.

3. Management is Multi-Dimensional

Management needs to be done very cautiously buy managers. As it is the backbone of an organisation.

Management has three key dimensions to be managed equally. i.e,

(a) Management of work  

Management of the work assigned to the sectors of the organization is essential for smooth regulation of a firm. NCERT quoted "This is done in terms of the problem to be solved, plans to be executed, budgets to be prepared, responsibilities to be assigned and authority to be delegated."

(b) Management of people

Human resource is the greatest asset to be managed. As a human is the one who accomplishes everything. Delegating, assigning, controlling of human resource is all management of peoples stands for.

(c) Management of operation

Now managing the work taking place is also required. every organization has its own operation for which the firm operates. Operations are soul reorganization hence, to be managed effectively.

4. Management is Goal Oriented process 

Management in an organisation works with a view to achieving the ultimate goal of the organisation. Altogether the team works towards the achievement of desired group goal. Managers makes strategies, plans and operate in order to achieve goals with utmost satisfaction keeping an eye on efficient and effective work.

5. Management is a Dynamic process

The term dynamic is used for adapting nature. The management of any organization must be adaptable in nature to adapt to the changes in the outside environment to make management effective and market-ready. 

NCERT quoted "An organisation interacts with external environment which consists of various social, economical and political factors.: And, flexibility makes them get them survival in the market.

6. Management is Intangible force

Intangible describes the unseen presence just like the feeling of love The thing we can't touch or see but can be felt. Management is an intangible force that cannot be seen but its presence can be felt and results could be analysed through output.

NCERT quoted "The effect of management noticed when an organization achieves its targeted goals according to plans, and employees are happy and satisfied without any chaos."

Tip Of The Day

Trick to learn them easily.

To make it even easier to understand let's create a code to remember the points.

PCMGDI

Now you have code. Let's decode and see how in minimum efforts you can store the theory.

Management is    P = Pervasive

Management is    C= Continous 

Management is    M= Multi-Dimensional

Management is    G =Goal-oriented & Group activity

Management is    D=Dynamic 

Management is     I= Intangible 

It might look weird but, trust me this works magically. Try it and thanks me later. You will get a thousand notes but this is a trick session.