Management is an art and a science of getting the work done through others minimising the costs, including all the activities from planning to controlling, to achieve the organisational objectives effectively and efficiently in an ever changing environment.

1. Management is a purposeful activity. Management has predetermined goals.

2. Management is the activity that takes place in formal groups or organisation.

3. Management is a challenging task. It uses unorganised resources to produce useful goods and services.

4. Management is a science having well-developed principles, theories, techniques, which are propounded by eminent authors, thinkers and managers on the basis of experience, continuous observation and experimentation and analysis.by using scientific methods.

5. Management is an integrating or coordinating force. Management is a process of integrating or coordinating the physical, financial and human resources for accomplishing organisational goals efficiently and effectively. 

6. Management is concerned with productivity. 

7. Management is an intangible force. Management can’t be seen or touched, but its existence can be felt in the form of good or bad. 

8. Management is an environment-oriented activity. All the organisations work in a dynamic environment which changes frequently and affects the business activities. 

9.  Manager is required to have leadership qualities to get the work done through others. A manager manages through leadership. 

10. Management is a universal activity. Management is performed in all kinds of organisations, irrespective of their nature, type, size and purpose. It is performed in all kinds of organisations engaged in business, politics, religion, etc.