Features of management has a set of specific goal. To accomplish that goal, various activities are managed to accomplish that objective of management: There are total 7 Characteristics of management,
Characteristics | Features of management
- Management is a goal-oriented process
- Management is all pervasive
- Management is multidimen-sional
- Management is a continuous process
- Management is a group activity
- Management is a dynamic function
- Management is an intangible force
You can define it by the seven Characteristics of management
Define the 7 Characteristics of management
① Management is a goal-oriented process
Management has a set of specific goal. To accomplish that goal, various activities are managed to accomplish that objective.that means, Management units the trouble of a different existent in the association towards achieving these goals
② Management is all pervasive
Management is essential in every organization and wherever that organization is, the activities of management will be almost similar and It may change slightly according to the environment.that means, management is needed in every organization and in everywhere
③Management is multidimen-sional
This means that management is not a single activity, rather it is a set of three main activities that has to be managedManagement of Work, Management of people and Management of operations
Management of Work
- All organisation have some goals and to achieve these goals the organisation have to do some work
Management of people
- the task of administration is to make individuals function towards accomplishing the organization’s objectives, by making their stamina efficient and their weak points unimportant
Management of operations
- An organization is set up to do some work and thus work is done in a process or operation.
- This is interlinked with both the administration of jobs and also the management of individuals. deciding what job needs to be done, that will do it, and also how it is to be done
④ Management is a continuous process
Management is a continuous process which never ends. Whenever we feel that the work of management is over now, immediately after that new management is started.that means, The process of monitoring is a collection of continuous, holistic, however distinct features (planning, organizing, directing, staffing as well as regulating).
These jobs are executed by all the managers simultaneously at all times
⑤ Management is a group activity
To manage, i.e. no One person is responsible for managing things, but there is a group of people who manage things at their own level.that means, management can’t be done by a single person. each and every person does the management activity at his/her level
⑥ Management is a dynamic function
Management is not fixed, because management works in a changeable environment. Whenever there is a change in the environment, the management also has to change itself, according to its environment.
⑦ Management is an intangible force
Management is such a force, there is such a power which is not visible to us but it is working in any organization. And we’ll know when our goal is achievedthat means, where targets are fulfilled according to strategies, workers are delighted and completely satisfied, as well as there is orderliness as opposed to the turmoil
Features of strategic management
we are going to discuss characteristics now you can say Management features attributes or qualities of features of strategic management
There are eight features of strategic management features, let me discuss them one by one
- Objective oriented
- Future oriented
- Availability and allocation of resources
- Influence of Environment
- Universal applicability
- Levels of strategy
- Classification of Strategy
So, Explain about characteristics features of strategic management features is that,
① Objective oriented:
The organization strategies are objective oriented and are directed toward the organizational goal to formulate strategies business should know the objectives that are to be pursuedFor Example If any kind of company want to growth after that it has to set complying with goals
- To increase market share
- To enhance consumer contentment
- To improve the a good reputation of the firm
② Future Oriented:
Strategy is a future-oriented plan and formulated to acquire future settings of the organization,
therefore, calculated administration enables management to research today position of the company and also makes a decision to attain the future position of the company by doing interior and also outside evaluation or evaluation of the existing position of the organization
this allows them to develop the most effective approach to achieve region future position our fate of the organizationFor Example, Strategy relating to the following aspects.
- Prosperity of the business in future
- The profitability of the business in future
- The scope to develop and grow in future in different businesses
③ Availability and allocation of Resources:
To implement strategy properly there is need of adequate resources and proper allocation of resources if it is done then business can attain its objectives.For Example, There are three types of resources required by business
- Physical Resources (Plant and Machinery)
- Financial Resources (Capital)
- Human Resources (Manpower)
- Intellectual Resources
you have the fourth one is about intellectual resources intellectual-resources includes brand patents copyright customer lists.
④ Influence of Environment:
The environmental factors affect the formulation and implementation of strategy the business unit by analyzing internal and external environments can find out.
Its strengths and weaknesses as well as opportunities and threats and can formulate its strategy properly
⑤ Universally Applicable:
Startegies Management is that it is universally appropriate and relevant regardless of company nature and also dimension every company unit design strategy for its survival and also growth
the presence of method maintains business relocating the right instructions
⑥ Level of Startegy:
a). Corporate level strategyCorporate-level approach is thorough strategy of action covering the numerous features that are executed by various Asby use these are critical service units which involved in a solitary line of business
for example, business divisions are product lines of divisions or even a specific product or brand targeting a particular group of customers are a geographical location.
you may also heard about the designations of regional head or divisional head same in banking industry we have retail banking division corporate or commercial banking division etc so corporate
b). Business Level StartegyBusiness level strategy which is comprehensive plan directed to attain strategic business units objective here comes the objectives of divisions,
So next same need for allocation of resources among functional areas and also very same coordination between them for giving excellent contribution for attaining corporate-level purposes organization systems consist of divisions product line or other,
centers of service activity within your organization instances for business-level strategy is porters common techniques,
which are cost management strategy distinction approach and also focus technique.
c). Functional Level StartegyFunctional level strategy which is restricted to a specific function it deals with allocation of resources among different operations within that functional area and coordinating them for better contribution to strategic business units and corporate level achievement,
The functional level refers to organizational departments like research and development management information system department human resource practices productions processes marketing offering discounts promotions etc.
For Example, R&D, MIS, HR etc
Revision of Strategy is to be reviewed periodicallyFor Exaple, While Implementing a growth strategy there could be a shortage of resources or recession during the period so retrenchment strategy should be considered
⑧ Classification of Strategy:
Which the organization Existence at the business level and continual concentrate on its existing products and markets
Choose expansion their comprehensions of resource vacuity availability and Past financial performance
Deteriorating financial performance performing from request corrosion and wrong decision by Management
Three Strategy can be used in Combination is Growth, Retrechmenc, and Stability apply them Business unit
Features of principles of management
Henry Fayol was a French mining engineer who turned into a leading industrialist and a successful manager that he suggest 14 Features of principles of management.
① Division of Work
according to this principle, the job is separated right into different kinds such as technical, monetary, business, book-keeping and supervisoryIt is appointed to staff members as per their high qualities and also capabilities
② Authority and Responsibility
Authority is the right to take decision, It is necessary to get points done properly by subordinates
The staff member should follow as well as value the guidelines that regulate the organization
④ Unity of Command
Each member of the organization should receive orders from only one supervisorFor Example, If orders from more than one supervisor come to the employee, then they can get confused.
⑤ Unity of Direction
This principle states that every organization should have a head and a planFor Example, The team that has been formed should get guidance from the same city so that there is no complex and using the same plan, the work should be done with proper coordination.
⑥ Subordination of Individual Intersets to the general Interest
According to this principle, the interest of the individual should be given less importance than the interest of the organization.For Example, Manager should focus on team, not individual records
⑦ The degree of Centralization
According to this principal there must be a proper balance between centralization and decentralization in the organisation
Employees must be provided reasonable reimbursement, wages, or income to maintain them pleased economically as well as Retain them for long period of time withing OrganizationFor Example, Skills, Expertise, knowledge, tenure, cost of living, market trend, profitability of the organization
⑨ Line of Authority | Scalar Chain
Scalar chain indicates the power structure of authority from the top level to the reduced degree for the purpose of communocation.
Thing principle is based on an area for whatever and also everything in its location
Management needs to be reasonable in addition to friendly to the staffs
⑫ Stability of Tenure of Personnel
Employees should not feel insecure about their job, as it affects their efficiency. Therefore, the management should ensure security so that the turnover of the employees is reduced.
According to Henri Foyol, the employees must be right to express new ideas, this makes the employees feel interested and fascinated by their participation in their organization and sometimes even ideas that are relevant to the company are very beneficial.
⑭ Esprit de corpse | Team Work
That is, running any organization is a group activity and the value of human resource organization is assist.For Example, Team Work, We can do any work together in team work, and the difficulties can be solved quickly by Team Work
FAQ [frequiently Asked Question]
What are the features of management?
Define the 7 Characteristics of management, Management has a set of specific goals. To accomplish that goal, various activities are managed to accomplish that objective.
What are the 8 important features of strategic management?
There are eight features of strategic management features, let me discuss them one by one 1. Objective oriented 2. Future-oriented and more
Which of the following are the features of principles of management?
Henry Fayol was a french mining engineer who turned into a leading industrialist and a successful manager that he suggest 14 Features of principles of management.
What are the 5 important features of strategic management?
1. Objective oriented
3. Availability and allocation of resources
4. Influence of Environment
5. Universal applicability
What are the 7 characteristics of management?
1. Management is a goal-oriented process
2. Management is all-pervasive
3. Management is multidimensional
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Summary & Conclusion
So you must have understood by looking at so many features or characteristics of management features that how management’s organization works and how the organization of any company from employees to manager is worked through teamwork, which is different for everyone.
This work is done with the help of a defined, which is easy or convenient for the employees and the manager.
If you have to do or want to do any work, then it will make that work easier by the way of management or features of strategic management features.
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