Principles of management
Nature of Principles of Management
Principles of management are statements of fundamental truth which provides guidelines for
management decision making and action. The nature of management principle are:
1. Universal applicability: Management principles ha/e universal application in all
types of organizations.
2. General guidelines: The principles are guidelines to action.
3. Formed by practice and experimentation: The principles of management are
formed by experience and experimentation of managers.
4. Flexible: The principles of management are not rigid. They are flexible and can be
modified according to the situation.
5. Influencing human behaviour: Management principles aim at influencing behaviour
of human beings.
6. Cause and effect relationship: The principles of management establish the relation
between the cause and effect.
Significance of the Principles of Management
1) Increase efficiency: The understanding of the management principles provides
guidelines to the managers for handling effectively the complex problems.
2) Optimum utilization of resources: The principles of management help in the
optimum utilization of resources through division of work, delegation of authority,
etc.
3) Scientific decision: Management principles help in thoughtful decision-making. Such
decisions are free from bias and prejudices.
4) Meeting the changing environmental requirements: Management principles are
flexible and can be modified to meet changing requirements of environment.
, 5) Fulfilling social responsibility: Management principles help the managers to fulfil
the social responsibilities towards the society.
Taylor’s Scientific Management
Fredrick Winslow Taylor (1856-1915) is known as the Father of Scientific Management. His
book ‘Principles of Scientific Management is published in 1911.
In the words of Taylor, “Scientific management means knowing exactly what you want men
to do and seeing that they do it in the best and cheapest way”.
Principles of Scientific Management
1) Science and not the rule of thumb: The first principle of scientific management
requires scientific study and analysis of each element of job in order to replace old rule of
thumb approach.
2) Harmony, not discord: As per this principle, there should be complete harmony
between the management and workers. Taylor called for complete mental revolution on the
part of both management and workers. Both the parties should realize each other’s
importance and work towards the profits of the firm.
3) Co-operation not individualism: There should be complete co-operation between
the labour and the management instead of individualism. According to Taylor, there should
be an almost equal division of work and responsibility between workers and management.
4) Development of each and every person to his or her greatest efficiency and
prosperity: The growth and development of an organisation depends on the efficiency and
Nature of Principles of Management
Principles of management are statements of fundamental truth which provides guidelines for
management decision making and action. The nature of management principle are:
1. Universal applicability: Management principles ha/e universal application in all
types of organizations.
2. General guidelines: The principles are guidelines to action.
3. Formed by practice and experimentation: The principles of management are
formed by experience and experimentation of managers.
4. Flexible: The principles of management are not rigid. They are flexible and can be
modified according to the situation.
5. Influencing human behaviour: Management principles aim at influencing behaviour
of human beings.
6. Cause and effect relationship: The principles of management establish the relation
between the cause and effect.
Significance of the Principles of Management
1) Increase efficiency: The understanding of the management principles provides
guidelines to the managers for handling effectively the complex problems.
2) Optimum utilization of resources: The principles of management help in the
optimum utilization of resources through division of work, delegation of authority,
etc.
3) Scientific decision: Management principles help in thoughtful decision-making. Such
decisions are free from bias and prejudices.
4) Meeting the changing environmental requirements: Management principles are
flexible and can be modified to meet changing requirements of environment.
, 5) Fulfilling social responsibility: Management principles help the managers to fulfil
the social responsibilities towards the society.
Taylor’s Scientific Management
Fredrick Winslow Taylor (1856-1915) is known as the Father of Scientific Management. His
book ‘Principles of Scientific Management is published in 1911.
In the words of Taylor, “Scientific management means knowing exactly what you want men
to do and seeing that they do it in the best and cheapest way”.
Principles of Scientific Management
1) Science and not the rule of thumb: The first principle of scientific management
requires scientific study and analysis of each element of job in order to replace old rule of
thumb approach.
2) Harmony, not discord: As per this principle, there should be complete harmony
between the management and workers. Taylor called for complete mental revolution on the
part of both management and workers. Both the parties should realize each other’s
importance and work towards the profits of the firm.
3) Co-operation not individualism: There should be complete co-operation between
the labour and the management instead of individualism. According to Taylor, there should
be an almost equal division of work and responsibility between workers and management.
4) Development of each and every person to his or her greatest efficiency and
prosperity: The growth and development of an organisation depends on the efficiency and
