Mention the features of modern management techniques??
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Systems approach integrates and uses with profit ideas emerging from different schools of thought. Management freely draws concepts and techniques from many fields of study such as psychology, social psychology sociology, ecology, economics, mathematics, operations research, systems analysis, etc. Modern Management Thought.
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The features of modern management techniques:
- Goal-oriented process in achieving the objectives.
- A universal phenomenon applicable to all
- It is multidimensional as it caters a number of stakeholders.
- It is a continuous process
- It involves group activities.
- It is a dynamic function which makes changes in goal, objectives, and activities.
Management is pre-requisite for carrying out any activity. Modern management techniques are essential for carrying out business.
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