Principles of managment

In this introductory unit, you will begin your exploration of the practice of management.

Principles of managment

It means Principles of managment head, one plan for a group of activities having similar objectives. It is related to the functioning of departments, or organization as a whole. Necessity It is necessary for fixing responsibility of each subordinates. It is necessary for sound organization.

It avoids duplication of efforts and wastage of resources. Result It leads to better superior sub-ordinate relationship. It leads to smooth running of the enterprise. Therefore it is obvious that they are different from each other but they are dependent on each other i.

But it does not automatically comes from the unity of direction. It implies that managers should be fair and impartial while dealing with the subordinates. They should give similar treatment to people of similar position.

Principles of managment

They should not discriminate with respect to age, caste, sex, religion, relation etc. Equity is essential to create and maintain cordial relations between the managers and sub-ordinate.

But equity does not mean total absence of harshness.

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Arrangement of things is called material order and placement of people is called social order. Material order- There should be safe, appropriate and specific place for every article and every place to be effectively used for specific activity and commodity. Social order- Selection and appointment of most suitable person on the suitable job.

There should be a specific place for every one and everyone should have a specific place so that they can easily be contacted whenever need arises. This principle applies that subordinate should respect their superiors and obey their order.

It is an important requisite for smooth running of the enterprise. Discipline is not only required on path of subordinates but also on the part of management.

Initiative Workers should be encouraged to take initiative in the work assigned to them. It means eagerness to initiate actions without being asked to do so.

It helps in developing an atmosphere of trust and understanding. People then enjoy working in the organization because it adds to their zeal and energy.

As far as possible it should accord satisfaction to both employer and the employees. Wages should be determined on the basis of cost of living, work assigned, financial position of the business, wage rate prevailing etc.

Stability of Tenure Fayol emphasized that employees should not be moved frequently from one job position to another i. As a result, the time, effort and money spent on training the worker will go waste. Stability of job creates team spirit and a sense of belongingness among workers which ultimately increase the quality as well as quantity of work.

Every orders, instructions, messages, requests, explanation etc. In the figure given, if D has to communicate with G he will first send the communication upwards with the help of C, B to A and then downwards with the help of E and F to G which will take quite some time and by that time, it may not be worth therefore a gang plank has been developed between the two.

Gang Plank clarifies that management principles are not rigid rather they are very flexible. They can be moulded and modified as per the requirements of situations Sub-Ordination of Individual Interest to General Interest An organization is much bigger than the individual it constitutes therefore interest of the undertaking should prevail in all circumstances.

As far as possible, reconciliation should be achieved between individual and group interests. But in case of conflict, individual must sacrifice for bigger interests.

For example, for change of location of plant, for change of profit sharing ratio, etc. Fayol cautioned the managers against dividing the employees into competing groups because it might damage the moral of the workers and interest of the undertaking in the long run.

Efforts should be made to create enthusiasm and keenness among subordinates so that they can work to the maximum ability. Efficient employees should be rewarded and those who are not up to the mark should be given a chance to improve their performance.

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He also cautioned against the more use of Britain communication to the subordinates i. There should be no place for misunderstanding.Business Principles of Management has been evaluated and recommended for 3 semester hours and may be transferred to over 2, colleges and universities.

Access this mobile-friendly course at. Principles of management is a broad and general guideline for managerial decision making and behavior of employees towards organization. The Principles of Management are the essential, underlying factors that form the foundations of successful management.

According to . Homework Help in Management from CliffsNotes! Need help with your business and management homework and tests? These articles can enhance your knowledge of mana. Principles of Management teaches management principles to tomorrow’s business leaders by weaving three threads through every chapter: strategy, entrepreneurship and active leadership.

Strategic — All business school teachings have some orientation toward performance and strategy and are concerned with making choices that lead to . Homework Help in Management from CliffsNotes! Need help with your business and management homework and tests? These articles can enhance your knowledge of mana.

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Course: BUS Principles of Management