Principles of Management.
Meaning of Principles of Management; Management principles are the statements of fundamental truth. These principles provide guidelines for managerial decision making and action. The management principles are both descriptive and prescriptive.
Nature of principles of Management:
. Management principles are universal -can be applied in different organisations eg. business, goverment, military, hospital, university etc.
. Management principles are flexible guidelines.
. There is a cause and effect relationship in some management principles.
. Principles of management are designed to influence human behaviour.
. Management principles must be applied carefuly depending upon the organisational requirements and situation standards.
Significance of principles of management
. Management principles serve as guidelines for the managers to manage with different situations.
. It helps in understanding of Nature of management.
. Management Principles aimed at influencing human behaviour.
. Management principles improves the managers efficency who will work for social objectives.
. Management principles provide new ideas, imagination and visions to the managers and the organisation.
. Guide to research.
Fayol's principles of Management.
. Division of work
. Authority and Responsibilty
. Unity of command
. Unity of direction
. Scalar chain
. Stability of tenure
. Espirit of corps
. Subordination of Individual Interest to general Interest .
Meaning of Scientific management : Scientific principles were given by F.W. Taylor and his followers are known as scientific management thinker who insisted on the introduction of scientific methods in the management. It aims at replacement of traditional techniques by scientific techniques. It is the systematic approach to handle management problems. It helps to discover the best method of doing a work at lower cost.
Characterstics of scientific management;
. It implies scientific techniques in method of work ,recuritment ,selection and training of workers.
. It rejects the age old method of "rule of thumb or 'hit or miss'approach.
. A complete change in the mental atitude of the workers as well as the management is done with the help of scientific management.
Principles of Scientific Management;
. Development and Application of Scientific Methods.
. Scientific selection ,training and development of workmen.
. Close co-operation between workers and management.
. Division of responsibility between workers and management.
. Maximum prosperity for employers and employees.
Techniques of Scientific Management:
. Time study
. Motion study.
. Functional Foremanship
. Differential piece rate plan.
Criticism of scientific management;
. From point of Employers; Expensive and Time consuming.
. From point of Employees /Workers; Reduce employment opportunities ,Insurity and uncertainity.
Did you like this resource? Share it with your friends and show your love!
Responses to "
Principles of Management.
No responses found. Be the first to respond...
Notify me by email when others post comments to this article.
Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
No HTML formatting and links to other web sites are allowed.
This is a strictly moderated site. Absolutely no spam allowed.
to fill automatically.
(Will not be published, but
to validate comment)
Type the numbers and letters shown on the left.
Subscribe to Email
Get Jobs by Email
Forum posts by Email
Articles by Email
Awards & Gifts
Last 7 Days
N K Ravishankara
ISC Technologies, Kochi - India. © All Rights Reserved.