PRINCIPLES OF MANAGEMENT
The course Principles of management is a fundamental course which gives an
overview of what is management. It discusses various theories of management,
principles and the concepts of management for learning higher level courses. we
will also discuss about why do we study management universality and cost and
rewards of being manager. There is a shifting focus in management from
mainstream orientation to multi-stream orientation. mainstream approach
focuses on profit maximization. multi-stream orientation emphasizes on
responsibility towards all stakeholders. management involves coordinating and
overseeing the work activities of others other employees. The basic functions of
management are planning, organizing, stuffing, leading and controlling. The
main prime concern of managers is always to have efficiency and effectiveness.
managers are someone who can coordinate and oversee the work of other
employees. they are classified as first line managers, middle managers and top
managers. first line managers are individuals. are individuals who manage non-
managerial employees or the workers. they supervise work of workers or non -
managerial workers or the staff. middle managers are managers responsible for
making organization wide decisions and establishing plans and goals to
influence the entire performance of organizations.
Organization is defined as a collection of individuals or a group of individuals
working for a well-defined purpose or distinct purpose in a deliberate structure.
with complexity the organizations, nature and the business environment has
changed and the structure does not remain intact. the structure changes from
taller hierarchical structures to a flatter structure. tall hierarchical structures have
decision making power bestowed with the top management. flatter structures
have decisions being given to people at different hierarchical levels.
management involves basically planning and decision making, organizing,
leading and controlling. organizing determines how the best group activities and
resources can how to attain objectives. leading function motivating members of
the organization to work in best interest of organization. controlling emphasizes
The course Principles of management is a fundamental course which gives an
overview of what is management. It discusses various theories of management,
principles and the concepts of management for learning higher level courses. we
will also discuss about why do we study management universality and cost and
rewards of being manager. There is a shifting focus in management from
mainstream orientation to multi-stream orientation. mainstream approach
focuses on profit maximization. multi-stream orientation emphasizes on
responsibility towards all stakeholders. management involves coordinating and
overseeing the work activities of others other employees. The basic functions of
management are planning, organizing, stuffing, leading and controlling. The
main prime concern of managers is always to have efficiency and effectiveness.
managers are someone who can coordinate and oversee the work of other
employees. they are classified as first line managers, middle managers and top
managers. first line managers are individuals. are individuals who manage non-
managerial employees or the workers. they supervise work of workers or non -
managerial workers or the staff. middle managers are managers responsible for
making organization wide decisions and establishing plans and goals to
influence the entire performance of organizations.
Organization is defined as a collection of individuals or a group of individuals
working for a well-defined purpose or distinct purpose in a deliberate structure.
with complexity the organizations, nature and the business environment has
changed and the structure does not remain intact. the structure changes from
taller hierarchical structures to a flatter structure. tall hierarchical structures have
decision making power bestowed with the top management. flatter structures
have decisions being given to people at different hierarchical levels.
management involves basically planning and decision making, organizing,
leading and controlling. organizing determines how the best group activities and
resources can how to attain objectives. leading function motivating members of
the organization to work in best interest of organization. controlling emphasizes
