Chapter-2 Principles Of Management

CHAPTER-2

PRINCIPLES OF MANAGEMENT

FAYOL’S PRINCIPLES OF MANAGEMENT

DAD U C USSR? O I SEE

1. Division Of Work

2. Authority And Responsibility

3.Discipline

4. Unity Of Command

5. Centralisation And Decentralisation

6. Unity Of Direction

7. Subordination Of Individual Interest To         General Interest

8. Scalar Chain

9. Remuneration Of Employees

10. Order

11. Initiative

12. Stabilityof Tenure Of Personnel

13. Equity

14. Espirit De Corpsee


PRINCIPLES OF SCIENTIFIC MANAGEMENT

SCIENCE leads to DEVELOPMENT by HARMONY and COOPERATION.

1.Science, not rule of Thumb
2.Development of each person to his or her        greatest Effeciency
3.Harmony not Discord
4.Cooperation, not individualism


TAYLOR’S TECHNQUES OF SCIENTIFIC MANAGEMENT

My Sweet Simple Mother and Father Taught Taylor’s Different Functions

1.Motion Study
2.Standardization and            Simplification
3.Method Study
4.Fatigue Study
5.Time Study
6.Differential Piece Wage        System
7.Functional foremanship

Chapter-1 Nature And Significance Of Management

CHAPTER-1 

NATURE AND SIGNIFICANCE OF MANAGEMENT

Features Of Management

My Charming Dad Is Giving Grand Party (MCD PIG2)

1.MultiDimensional
2.Continous
3.Dynamic
4.Intangible
5.Group Activity
6.Group Goals
7.Pervasive

IMPORTANCE OF MANAGEMENT

GDP depends upon Efficiency of Society

1. Achieving Group Goals
2. Dynamic Organisation
3. Achieving Personal Objectives
4. Increases efficiency
5. Helps in Development of Society

MANAGEMENT AS AN ART

CAT

1. Based on practice             and  Creativity
2. Personalised Application
3. Existence of Theoretical       knowledge

MANAGEMENT AS SCIENCE

 USP

1. Universal validity
2. Systematic Body of             knowledge
3. Principles based on           Experimentation

NATURE OF COORDINATION

Police Controls DRUG

1. Pervasive Function
2. Continuous Process
3. Deliberate Function
4. Responsibility of All         Managers
5. Unity of Action
6. Integrates Group Efforts