In order to be successful an organization must change its goals according to the needs of the environment. which characteristic of management is highlighted in the statement?
Answers
it is dynamic
It is an on-going process which changes according to the requirements
Answer:
Management indicates organizing and coordinating a business's activities to achieve specific objectives. In other words, management exists by planning, organizing, controlling, and leading an organization to attain its specific objectives.
Explanation:
Management exists in the coordination and administration of tasks to achieve a goal. Such administration actions contain setting the organization's strategy and coordinating the efforts of staff to accomplish these goals through the application of available resources.
Management indicates organizing and coordinating a business's activities to achieve specific objectives. In other words, management exists by planning, organizing, controlling, and leading an organization to attain its specific objectives.
Characteristics of Management
Multidisciplinary
Though management includes developed as a different discipline it draws knowledge and concepts from disciplines such as sociology, psychology, economics, statistics, operations research, etc. Management integrates ideas and concepts from these disciplines and utilizes them for enhancing the efficiency of the organization.
Management is a Group Activity
Management exists as an important part of a group activity. As no individual can satisfy all his desires himself, he unites with his fellow beings and works in an organized group to acquire what he cannot accomplish individually.
Management is Goal-Oriented
Management desires to attain economic and social objectives. It exists to achieve some definite goals or purposes. Group efforts in management exist always directed towards the achievement of some pre-determined objectives.
Management is a Factor of Production
Management exists not as an end in itself but as an indication to achieve the group objectives. Just as land, labor, and capital exist as factors of production and exist necessary for the production of goods and services, management is a factor of production that is needed to coordinate the other factors of production for the achievement of pre-determined goals.
Management is a Dynamic Function
Management exists as a dynamic function and it remains to be performed continuously. It is constantly engaged in the molding of the enterprise in an ever-changing enterprise environment. It exists concerned not only with the molding of the enterprise but also with the alteration of the environment itself to secure the victory of the enterprise. In a real sense, it exists a never-ending function.
In this statement, characteristic of the dynamic functioning of management exists highlighted. The management exists supposed to take decisions based on the changing business environment to prevail. For example, polyethylene stands now getting banned in many states. the management of an organization producing polythene requires finding another line of production to survive.
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