English

Characteristics of Management

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Topics

  • Characteristics
  • Key Point Summary
Maharashtra State Board: Class 11

Characteristics

Characteristic Meaning Example
Goal-Oriented Helps achieve specific goals or objectives Business earns profit; cricket team plays to win
Group Activity Involves people working together under a leader The hospital team working under a manager
Intangible Cannot be seen, but its impact is visible The restaurant’s success shows the results of good management
Continuous Process Happens at all stages and never stops Shop owner planning, directing, and reviewing regularly
Situational Adapts to circumstances; one size doesn't fit all Different staffing decisions during peak vs off-peak hours
Universal Applies to all fields and sectors Management in schools, hospitals, businesses, and families
Dynamic Changes with time, tech, and environment Shift from typewriters to computers; UPI used in business
Maharashtra State Board: Class 11

Key Point Summary

  • Management is goal-oriented, always present, works in teams, and adapts to different situations.
  • Its effects are intangible but visible in successful outcomes.
  • Applies everywhere and is always evolving.
  • Effective management creates efficient and effective organizations.

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