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Management is an activity: Management is an activity which is concerned withthe efficient utilization of human and nonhuman resources of production.II. Invisible Force: Management is an invisible force. Its existence can be feltthrough the enterprise or institution it is managing.III. Goal Oriented: Management is goal oriented as it aims to achieve somedefinite goals and objectives. According to the Haimann, "Effective management is always management by objectives". Managers and other personnel officersapply their knowledge, experience and skills to achieve the desired objectives.IV. Accomplishment through the efforts of Others : Managers cannot doeverything themselves. They must have the necessary ability and skills to getwork accomplished through the efforts of others.V. Universal activity: Management is universal. Management is required in alltypes or organizations. Wherever there are some activities, there ismanagement. The basic principles of management are universal and can beapplied anywhere and in every field, such as business, social, religious, cultural,sports, administration, educational, politics or military.VI. Art as well as Science: Management is both an art and a science. It is ascience as it has an organized body of knowledge which contains certainuniversal truths and an art as managing requires certain skills which apply moreor less in every situation.VII. Multidisciplinary Knowledge: Though management is a distinct discipline, itcontains principles drawn from many social sciences like psychology, sociologyetc.VIII. Management is distinct from ownership:
In modern times, there is a divorceof management from ownership. Today, big corporations are owned by a vastnumber of shareholders while their management is in the hands of paid qualified,competent and experienced managerial personnel.IX. Need at all levels : According to the nature of task and scope of authority,management is needed at all levels of the organization, i.e., top level, middleand lower level.X. Integrated process: Management is an integrated process. It integrates themen, machine and material to carry out the operations of the enterprise
4.UNITY OF COMMAND: Workers should receive orders from only onemanager. 5.UNITY OF DIRECTION: The entire organization should be movingtowards a common objective in a common direction. 6.SUBORDINATION OF INDIVIDUAL INTERESTS TO THE GENERALINTERESTS: The interests of one person should not take priority over theinterests of the organization as a whole. 7.REMUNERATION: Many variables, such as cost of living, supply of qualified personnel, general business conditions, and success of thebusiness, should be considered in determining a workers rate of pay. 8.CENTRALIZATION: Fayol defined centralization as lowering theimportance of the subordinate role. Decentralization is increasing theimportance. The degree to which centralization or decentralization shouldbe adopted depends on the specific organization in which the manager isworking. 9.SCALAR CHAIN: Managers in hierarchies are part of a chain likeauthority scale. Each manager, from the first line supervisor to thepresident, possess certain amounts of authority. The President possessesthe most authority; the first line supervisor the least. Lower level managersshould always keep upper level managers informed of their work activities. The existence of a scalar chain and adherence to it are necessary if theorganization is to be successful. 10.ORDER: For the sake of efficiency and coordination, all materialsand people related to a specific kind of work should be treated as equally aspossible. 11.EQUITY: All employees should be treated as equally as possible. 12.STABILITY OF TENURE OF PERSONNEL: Retaining productiveemployees should always be a high priority of management. Recruitmentand Selection Costs, as well as increased product-reject rates are usuallyassociated with hiring new workers. 13.INITIATIVE: Management should take steps to encourage workerinitiative, which is defined as new or additional work activity undertakenthrough self direction. 14.ESPIRIT DE CORPS: Management should encourage harmony andgeneral good feelings among employees.