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Class Notes - Principles of Management

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Class Notes - Principles of Management

Uploaded by

himanshu.bcastudent23.23664
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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PRINCIPLES OF MANAGEMENT

MEANING AND DEFINITION OF MANAGEMENT


In general usage the word management identifies the group of people whose job
is directed towards the efforts and activities of the other people towards
common objectives. in simple the management is a process of getting results
with a group of people.
Different authors are defined management in different ways. Combining the
definitions of different thinkers,
Management can be defined as an art of getting work done by the people
and with the people organised in formal groups so as to obtain maximum
output from the available resources.

1. FEATURES OF MANAGEMENT
➢ It is a process – management is a process of planning ,organizing the
efforts of people .
➢ It is social process-management is getting things through the efforts of
the people
➢ Decision making-mangement process involves the decision making of the
various departments
➢ It is universal application
➢ It is required in all levels

FUNCTIONS OF A MANAGER/ MANAGEMENT

1.Planning:
Planning is the process of making decisions about the future. It is the process of
determining enterprise objectives and selecting future courses of actions
necessary for their accomplishment. Planning can also be referred to as the
process of deciding in advance what is to be done, when and where it is to be
done, how it is to be done and by whom it is to be done.
2. Organizing:
Organizing is concerned with the arrangement of an organization’s resources,
i.e., people, materials, technology and finance, in order to achieve enterprise
objectives. It involves decisions about the division of work, allocation of
authority and responsibility and the coordination of tasks.
3. Staffing:
A manager’s greatest responsibility is to select, direct, develop and evaluate the
people of the organization. Staffing is the function of employing suitable
persons for the enterprise. It may be defined as an activity where people are
recruited, selected, trained, developed, motivated and compensated for manning
the various positions.
4. Directing:
The function of guiding and supervising the activities of the sub-ordinates is
known as directing. To get things done, a manager should get along with
people. He should motivate them to give their best. He should also
communicate organizational policies and strategies effectively and get them
implemented.
5. Controlling:
In controlling, performances are observed, measured and compared with what
had been planned. If the measured performance is found wanting, the manager
must find the reasons for the same and take corrective actions.

RESPONSIBILITIES OF A MANAGER
• Accomplishes department objectives by managing staff; planning and
evaluating department activities.
• Maintains staff by recruiting, selecting, orienting, and training employees.
• Ensures a safe, secure, and legal work environment.
• Develops personal growth opportunities
• Accomplishes staff results by communicating job expectations; planning,
monitoring, and appraising job results.
• Coaches, counsels, and disciplines employees.
• Develops, coordinates, and enforces systems, policies, procedures, and
productivity standards.
• Establishes strategic goals by gathering pertinent business, financial, service,
and operations information.
• Defines objectives, identifies and evaluates trends and options, chooses a
course of action, and evaluates outcomes.
SCHOOL OF THOUGHT IN MANAGEMENT
The schools of management thought are theoretical frameworks for the study
of management. Each of the schools of management thought are based on
different assumptions about human beings and the organizations for which they
work...
The school of management can be divided in to mainly three:
1. MANAGEMENT THOUGHT IN CLASSICAL SCHOOL
2. NEO CLASSICAL APPROACH
3. MODERN APPROACH IN MANAGEMENT SCHOOL

MANAGEMENT THOUGHT IN CLASSICAL SCHOOL


Classical management theory is based on the belief that workers only have
physical and economic needs. It does not take into account social needs or job
satisfaction, but instead advocates a specialization of labour, centralized
leadership and decision-making, and profit maximization .

The classical management theory mainly advocates the efficient and effective
output of the employees .it does not consider the value of human being.
In the classical management theory, the people are motivated on by the
economic aspirations.
The Classical Theory of Management – Comprising Three Streams:
(a) Administrative management
(b) Scientific Management; and
(c) Burocratic management

(A) ADMINISTRATIVE MANAGEMENT


The administrative management is contributed by the Hentry Fayol is the father
of modern management. He is a well known management thinker, he wrote the
book of General and industrial management.
The Fayols mainly advocates the how to manage an organisation as whole.
According to Hentry Fayol all the activities of a business organisation can be
classified in six.
(1) Technical activities (production, manufacture, adaptation).
(2) Commercial activities (buying, selling and exchange),
(3) Financial activities (search for and optimum use of capital).
(4) Security activities (protection of property and persons).
(5) Accounting activities (stocktaking, balance sheet, cost, statistics).
(6) Managerial activities (planning, organisation, command, co-ordination and
control).
FAYOLS PRINCIPLES OFMANAGEMENT
1. Division of work-Divide work into specialized tasks and assign
responsibilities to specific individuals. Specialization increases output by
making employees more efficient.

2. Authority and responsibility-Authority is the right to give orders and the


power to obtain obedience. Managers must be able to give orders and authority
gives them this right.
3. Discipline-Employees must obey and respect the rules that govern the
enterprise.
4. Unity of command-An employee should receive commands from only one
superior.
5. Unity of direction- The entire organization should be moving towards a
common objective in a common direction.
6. Subordination of individual interest to the common good. In any
organisation, the interests of employees should not take precedence over the
interests of the organisation as a whole.
7. Remuneration of personnel- Compensation for work done should be fair to
both employees and employers. Fayol did not favour profit-sharing plan for
workers but advocated it for managers.
8. Order- Materials and people should be in the right place at the right time.
9. Centralization- Fayol defined centralization as lowering the importance of
the subordinate role. Decentralization is increasing the importance. The degree
to which centralization or decentralization should be adopted depends on the
specific organization in which the manager is operating.
10. Scalar chain- The graded chain of authority from top to bottom through
which all communications flow is termed as ‘scalar chain’. However, if
following the chain creates communication delays, cross- communication
(gangplank principle) can be permitted, if agreed to by all parties and superiors
are kept informed.
11. Equity- Managers should be fair in dealing with employees. Equity is the
combination of justice and kindness.
12. Stability of tenure- Management should provide systematic human
resource planning and ensure that replacements are available to fill vacancies.

13. Initiative- Management should take steps to encourage worker initiative,


which is defined as new or additional work activity undertaken through self-
direction.
14. Esprit de corps- Management should promote harmony and general good
feelings among employees.

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