Following are the features of management:
1. Management is a group activity - Management consists of a number of persons who work as a group. Their efforts are directed towards the common goals. Members initiate, communicate, coordinate and join their hands for the achievement of organisational objectives.
2. Management is a goal-oriented process - Management aims at common goals through a process of series of continuous Functions viz. planning, organizing, directing, staffing and controlling. These composite functions of management are separately performed by all managers all the time simultaneously to realize organizational goals.
3. Management is all pervasive - Whether it is a commercial organisation or non-commercial organisation, big or small all require management to handle their operations effectively and efficiently.
4. Management is a continuous process - Management is a continuous process consisting of a series of functions viz. planning, organising, directing and controlling. All the managers perform these functions regularly.
5. Management is a dynamic function - The environment in which a business exists keeps on changing. Thus in order to be successful, management must change its goals, plans and politics according to the needs of its environment.
