Identify the characteristic of Management from the given statement.

"An organization interacts with its external environment which consists of various social, economic and political factors. In order to be successful, an organization must change itself and its goals according to the need of the environment."

Management is a dynamic function

The correct answer is Option (3) → Management is a dynamic function.

Management is a dynamic function is the feature of management that is reflected in the given statement.

Management is a dynamic function: Every organisation works in an environment which keeps on changing. The external environment which consists of various social, economic and political factors keep changing. In order to be successful, an organisation must change itself and its goals according to the needs of the environment.

OTHER OPTIONS

• Management is multidimensional: Management is a complex activity and involves three dimensions namely. Management of work, Management of people (and) Management of operations.

• Management is a continuous process : Management consists of a series of functions like planning, organising, staffing and controlling which are continuous and composite in nature. These functions are simultaneously performed by all managers all the time, Hence, management is considered a continuous process.

• 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.