PRINCIPLES OF MANAGEMENT

CONTENTSDefinitionManagement functions or process

of managementManagerial SkillsOrder of ManagementEfficiency & effectivenessGeneral principles of ManagementManagement as an essential for

any organization ?

Definition - Management “ Management is the process of designing and

maintaining an environment in which individuals working together in group, efficiently accomplish selected goal “

Management is dynamic force which make the business work smoothly and profitability. The survival and successive of an organization are largely depends upon the quality of management. Managing well requires a good knowledge of principles and practices of management. Efficient management is must for modern organization

“Management is the process of getting things done, through & with people in organization”

Management functions or process of management:

There are five types of functions in Management. they are: Planning: Defines the goal & establishing

strategy.Organizing: Includes determine what task has to be done, who is to do them.

Staffing: Include recruitment of people and training towards the project.Leading: Includes the motivating the employees and directing activities.Controlling: It is the process of monitoring the performance.

Managerial Skills

There are three types of skills required by manager. they are:

Conceptual Skills: These skills are required by the employee who are in top level management.

Technical skills: These skills are required by the employee who are in middle level management.

Human Relations skills: These skills are required by the employee in the supervisory level.

Conceptual skills

Technical skills

Human relation skills

Top management

Middle managers First line managers

Operatives or Executives

14 principles of management By- Henry Fayol

1. Division of Work: allows for job specialization. Work should be divided among individuals and groups.2. Authority and Responsibility: Authority right to give orders. Responsibility involves being answerable Whoever assumes authority assumes responsibility3. Discipline: Common efforts of workers. Penalties4. Unity of Command: Employees should have only one boss.5. Unity of Direction: A single plan of action to guide the organization.6. Subordination of individual interests to the general interests of organization.

14 principles of management By- Henry Fayol 7. Remuneration: An equitable uniform payment system that motivates and contribute to success. 8. Centralization: The degree to which authority rests at the top of the organization. 9. Scalar Chain: Chain like authority scale. 10. Order: The arrangement of employees where they will be of the most value to the organization. 11. Equity: The provision of justice and fair dealing 12. Stability of Tenure of Personnel 13. Initiative 14. Esprit de corps: Harmony, general good feeling among employees

Management as an Essential for an organizations ?

• Managers are charged with the responsibility of taking actions that will enable individuals to make their best contributions to group objectives. Management thus applies to small and large organization to, profit and non-for profit enterprises, to manufacturing as well as service industries..

THANK YOU..

BY- SAURAV SHARMA BCA III SEMESTER (BVUSDE)