Characteristics of Business Management
The business management always aims at achieving the organizational objectives. The functions and activities of manager lead to the achievement of business organizational objective; if the objective of a company is to sell 1000 computers then manager will plan the course of action, motivate all the employees and organize all the resource keeping in mind the main target of selling 1000 computers. Management is a separate activity which consists of planning, organization, communication, staffing and controlling. The management can also be studied as a separated as a separate activity as it can be studied, experimented and practiced. Management always refers to a people involved in managerial activities. The management functions can not be performed in isolation. Each individual performs his/her role at his/her status and department, and then only management function can be executed. Even the result of management affects every individual and every department of the business organization so it always refers to a group effort and not the individual effort of one person. Management function can not be physically seen but its presence can be felt.
The presence of management can be felt by seeing the orderliness and co-ordinates in the working environment. It is easier to feel the presence of mismanagement as it leads to chaos and confusion in the organization. If the inventory of finished products is increasing day by day it clearly indicates mismanagement of marketing and sales.
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