(a)OR(b)

Explain the following features of 'Management':

(i)

Management is a dynamic function.

(ii)

Management is an intangible force.

• (i) Management is a dynamic function: Management is a dynamic function and has to adapt itself to • the changing environment An organization interacts with its external environment which consists of various factors (social, economic and political) and in order to succeed , it has to change itself and its goals according to the needs of the environment. • (ii) Management is an intangible force: Management is an intangible force that cannot be seen but its • presence can be felt in the way the organisation functions. The effect of management is noticeable in an organisation where targets are met according to plans, employees are happy and satisfied, and there is orderliness instead of chaos.• (i) General guidelines: The principles are guidelines to action but do not provide • readymade solutions to all managerial problems. This is so because real business situations are very complex and dynamic and are a result of many factors. • (ii) Cause and effect relationships: The principles of management are intended to establish relationship between cause and effect so that they can be used in similar situations in a large number of cases. • $\displaystyle 18$ The principles of management are less than perfect since they mainly apply to human behaviour and in real life, situations are not identical so accurate cause and effect relationships may be difficult to establish.