Characteristics of Management

On analyzing thoroughly various definitions of management, there are 7 characteristics of management that emerge and they are as following:

1. It is an organization which performs managerial responsibilities. Management is the person who manage. And it is a person who functions as the leader of an organization.
2. A management defines strategic thinking through planning and control.
3. A management plans, organizes, controls and directs people in order to produce a product or service.
4. A management coordinates the activities of parts or departments within an organization for proper functioning.
5. A management provides leadership for the organization.
6. The fundamental task of management is to create maximum value for its customers.
7. Management is essential for building a lasting competitive advantage if it possesses sufficient quality and design in each item that it makes.