What is Management?
Definition:
Management is the process of planning, organizing,
leading, and controlling the efforts of people to achieve
specific goals effectively and efficiently.
Example:
In a company, the manager plans how to produce goods,
organizes workers, leads them to complete tasks, and
checks performance.
Principles of Management
The principles of management are general rules and
guidelines that help managers in decision-making and
managing people and resources effectively.
14 Principles of Management by Henri Fayol:
Division of Work:
Work should be divided among individuals to increase
efficiency.
Example: One worker makes wheels, another assembles
the car.
Authority and Responsibility:
Managers must have the authority to give orders and the
responsibility to ensure they are completed.
, Discipline:
Employees must obey and respect the rules and
agreements.
Unity of Command:
Each employee should receive orders from only one
supervisor.
Unity of Direction:
The organization should have one plan and one leader for
a group of activities.
Subordination of Individual Interest:
The interests of the organization must come before
personal interests.
Remuneration:
Fair payment should be given to employees for their work.
Centralization:
The decision-making should be balanced between top
management and employees.
Scalar Chain (Chain of Command):
A clear line of authority from top to bottom should exist.
Definition:
Management is the process of planning, organizing,
leading, and controlling the efforts of people to achieve
specific goals effectively and efficiently.
Example:
In a company, the manager plans how to produce goods,
organizes workers, leads them to complete tasks, and
checks performance.
Principles of Management
The principles of management are general rules and
guidelines that help managers in decision-making and
managing people and resources effectively.
14 Principles of Management by Henri Fayol:
Division of Work:
Work should be divided among individuals to increase
efficiency.
Example: One worker makes wheels, another assembles
the car.
Authority and Responsibility:
Managers must have the authority to give orders and the
responsibility to ensure they are completed.
, Discipline:
Employees must obey and respect the rules and
agreements.
Unity of Command:
Each employee should receive orders from only one
supervisor.
Unity of Direction:
The organization should have one plan and one leader for
a group of activities.
Subordination of Individual Interest:
The interests of the organization must come before
personal interests.
Remuneration:
Fair payment should be given to employees for their work.
Centralization:
The decision-making should be balanced between top
management and employees.
Scalar Chain (Chain of Command):
A clear line of authority from top to bottom should exist.
