Principles Of Management Flashcards
What is managerial principles?
A managerial principle are board and general guidelines for decision-making and behaviour.
what are nature/characteristics/features of principles of management?
- Universal Applicability
- General Guidelines
- Formed by practice and experimentation
- Flexible
- Mainly behavioural
- Cause and Effect Relationship
- Contingent
Importance/Significance of Principles of Management
- Provides managers with useful insights into reality
- Optimum utilisation of resources and effective administration
- Scientific Decisions
- Meeting Changing Environment Requirements
- Fulfilling social responsibility
- Management training education and research
What are the principles of scientific management?
- Science not rule of thumb
- Harmony not discord
- Cooperation not individualism
- Development of each and every person to his or her greatest efficency and prosperity
What are the techniques of scientific management?
- Functional Foremenship
- Standardisation and Simplification of work
- Method study
- Motion study
- Time study
- Fatigue Study
- Differential piece wage system
What are Fayols principles of management?
- Division of work
- Authority and Responsibility
- Discipline
- Unity or command
- Unity of direction
- Subordination of individual interest to general interest
- Renumeration of employees
- Centralisation and Decentralisation
- Scalar Chain
- Order
- Equity
- Stability of Personnel
- Initiative
- Espirit de corps
What is mental revolution?
Mental Revolution involves a change in the attitude of workers and management towards one another from competition to cooperation.
Difference between unity of command and direction.
Unity of command
1. Meaning - one subordinate should receive orders from and should be responsible to only one superior
2. Aim - it prevent dual subordination
3. Implications - it affects an individual employee
Unity of direction
1. Meaning - each group of activities having same objectives must have one head and one plan
2. Aim - It prevents overlapping of activities
3. Implications - It affects entire organisation
