3. A principle refers to a fundamental truth.
It establishes cause and effect relationship between
two or more variables under given situation.
They serve as a guide to thought & actions.
These principles are derived: -
•On the basis of observation and analysis
•By conducting experimental studies
INTRODUCTION
4. Management is an “art” of getting things
done through and with people in
formally organized groups.
5. Functions of management is
Planning
Organizing
Staffing
Directing/leading
Controlling
6. Division of Labor
Party of Authority & Responsibility
Principle of One Boss
Unity of Direction
Equity
Order
Discipline
7. Initiative
Fair Remuneration
Stability of Tenure
Scalar Chain
Sub-Ordination of Individual Interest to General Interest
Espirit De’ Corps
Centralization & De-Centralization
8. stressed on the specialization of jobs
work of all kinds must be divided and allotted to
various persons
simpler and results in efficiency
helps the individual in acquiring speed, accuracy in
his performance
Specialization leads to efficiency & economy in
spheres of business
9. co-existing
Authority is given to a person, he should also be
made responsible.
He should also have concerned authority, if anyone is
made responsible.
Authority refers to the right of superiors. responsibility
means obligation for the performance of the job
assigned.
Should be a balanced.
Authority- Responsibility = Irresponsible Behavior
Responsibility- Authority= Ineffective
10. A sub-ordinate should receive orders and be accountable to only
boss at a time.
a sub-ordinate should not receive instructions from more than one
person
Dual sub-ordination should be avoided
The enterprise a disciplined, stable & orderly existence
Harmonious relationship between superiors and sub-ordinates
a sub-ordinate should not receive instructions from more than one
person
11. One head one plan
Related activities should be grouped together
Efforts of all the members of the organization should be directed
towards common goal
Without unity of direction, unity of action cannot be achieved.
Unity of command is not possible without unity of direction.
12. Equity means combination of fairness,
kindness and justice.The employees should
be treat with kindness and equity if
devotion is expected of them.
13. • Concerned with proper & systematic arrangement of
things and people.
• Arrangement of things is called material order
• Placement of people is called social order.
• Material order-should be safe, appropriate and specific place
for every article
• Social order-Selection and appointment of most suitable person
on the suitable job
14. Sincerity, Obedience, Respect of Authority &
Observance of Rules and Regulations of the
Enterprise.
subordinate should respect their superiors and obey
their order.
smooth running of the enterprise
subordinates but also on the part of management.
Discipline can be enforced if -
-Good superiors
- Clear & fair agreements with workers
- Sanctions are judiciously applied
15. Encouraged to take initiative in the work assigned to them
Initiate actions without being asked to do
Management should provide opportunity to its
employees
Helps in developing an atmosphere of trust
Enjoy working in the organization because it adds to their
zeal and energy
Suggest improvement in formulation & implementation of
place
16. Paid to the workers should be fair of the efforts
Satisfaction to both employer and the employees
Determined on the basis of cost of living, work
assigned etc,
Provision of other benefits such as free education,
medical & residential facilities to workers
Management creates harmonious relationship and
pleasing atmosphere of work.
17. Employees should not be moved frequently
from one job position to another
Once they are appointed their services should be
served
Time is required for an employee to get used to
a new work –fayol
Money spent on training the worker will go
waste
Stability of job creates team spirit& a sense of
belongingness among workers
-ultimately increase the quality as well
as quantity of work
18. The chain of superiors ranging from the ultimate
authority to the lowest
Every orders, instructions etc. has to pass
through Scalar chain.
For the sake of convenience & urgency, this path
can be cut this short cut -Gang Plank
Temporary arrangement between two different
points to facilitate quick & easy communication
Modified as per the requirements of situations.
19. An organization is much bigger than the
individual
As far as possible, reconciliation should be
achieved between individual and group
interests.
Case of conflict, individual must sacrifice for
bigger interests
In order to achieve this attitude
- Employees should be honest & sincere.
- Proper & regular supervision of work.
- Reconciliation of mutual differences
20. It refers to team spirit
Inspires workers to work harder
Interest of the undertaking in the long run.
The managers should infuse team spirit &
belongingness
Espirit De’ Corps following steps should be
undertaken
should be encouraged to develop informal relations among themselves.
employees should be rewarded
create enthusiasm and keenness among subordinates
proper co-ordination
21. Centralization-concentration of authority at the top level
De-centralization-disposal of decision making authority to all
the levels of the organization
Increases the role of subordinate is decentralization & Decreases
the role of subordinate is centralization
It is not feasible, organization should strike to achieve a lot
between the two.
22. As we all know that a building cannot attain
stability without proper foundation . An
organization also cannot be stable in it’s long
run and achieve it’s long term goal without
following these 14 principles of management.
Organization and these principle are like
complimentary goods which completes each
other, like car and petrol.
Editor's Notes
By
N.VIDIVARASI 1ST MBA
INTRODUCTION
Initiative
Fair Remuneration
Stability of Tenure
Scalar Chain
Sub-Ordination of Individual Interest to General Interest
Espirit De’ Corps (can be achieved through unity of command
Centralization & De-Centralization
Initiative
Fair Remuneration
Stability of Tenure
Scalar Chain
Sub-Ordination of Individual Interest to General Interest
Espirit De’ Corps
Centralization & De-Centralization
proper co-ordination
should be encouraged to develop informal relations among themselves.
create enthusiasm and keenness among subordinates
employees should be rewarded