Question

“Activities involved in managing an enterprise are common to all

organizations”. Identify the characteristic of management reflected in the

above statement​

Answer 1

Answer:

1. Meaning of Management

Management is the process of planning, organising, staffing, directing and controlling the enterprise resources efficiently and effectively for achieving the goals of the organisation.

2. Definition of Management

According to Harold Koontz, ‘Management is the art of getting things done through others and with formally assingned groups.’