Question

Discuss in brief any four features of management.

Hint:

Management is a universal and dynamic process that requires flexibility to adapt to changing business environments.

Answer 1

Step 1: Understanding the features of management.
Management is a comprehensive process of planning, organizing, leading, and controlling resources to achieve organizational goals efficiently and effectively. The features of management are its universal nature, goal-oriented approach, continuous process, and multidimensional aspects.
Step 2: Four features of management.
1. Universal Applicability: Management principles can be applied to all types of organizations, whether large or small, public or private.
2. Goal-Oriented: Management is always directed towards achieving specific goals, such as profit maximization, productivity, or customer satisfaction.
3. Continuous Process: Management is an ongoing process, as it involves planning, organizing, directing, and controlling on a continuous basis to ensure smooth operations.
4. Multidimensional: Management involves dealing with various aspects, such as people, resources, and technology, and focuses on both organizational goals and human needs.
Step 3: Conclusion.
These features highlight the dynamic and comprehensive nature of management, which is vital for the smooth functioning of any organization.