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Nature of management can be described as
follows.
Continuous Process:
Management is a never ending process. It will
remain the part of organization till the
organization itself exists. Management is an
unending process as past decisions always carry
their impact for the future course of action.
Universal in Nature:
Management is universal in nature i.e. it exists
everywhere in universe wherever there is a human
activity. The basic principles of management can
be applied any where whether they are business
or non-business organization.
Multidisciplinary:
Management is basically multidisciplinary.
Though management has developed as a separate
discipline it draws knowledge and concepts of
various other streams like sociology,
psychology, economics, statistics etc.
Management links ideas and concepts of all these
disciplines and uses them for good-self of the
organization.
Management is a group activity.
Management is a vital part of group activity. As
no individual can satisfy all his needs himself,
he unites with his co-workers and work together
as an organized group to achieve what he can not
achieve individually.
Management is goal oriented:
Management is a goal oriented activity. It works
to achieve some predetermined objectives or
goals which may be economic or social.
Dynamic:
Management is dynamic in nature i.e. techniques
to mange business changes itself over a period
of time.
System of authority:
Authority is power to get the work done by
others and compel them to work systematically.
Management can not perform in absence of
authority. Authority and responsibility depends
upon position of manager in organization.
Management is an art:
Management is considered as art as both requires
skills, knowledge, experience and creativity for
achievement of desired results.
Management is Science.
Management is considered as science. Science
tells about the causes and effects of
applications and is based on some specific
principles and procedures. Management also uses
some principles and specific methods. These are
formed by continuous observations.
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