Management Approaches and Principles

Study Notes

.Transactional Management: Focuses on efficiency and effectiveness of individual tasks and transactions.
Transformational Management: Emphasizes innovation, creativity, and empowerment to achieve organizational goals.
Collaborative Management: Encourages teamwork, communication, and shared decision-making.

Division of Labor: Breaking down tasks into smaller, manageable parts to increase efficiency.
Authority and Responsibility: Clearly defining roles and duties to ensure accountability.
Unity of Command: Each employee should report to only one supervisor to avoid confusion.
Span of Control: The number of employees a manager can effectively supervise.
Scalar Chain: A clear line of authority from top to bottom to ensure effective communication.
Delegation: Assigning tasks and responsibilities to others to free up time and develop skills.
Flexibility: Adapting to changing situations and environments.

Division of Work: Specialization to increase efficiency.
Authority: The right to give orders and take responsibility.
Discipline: Obedience to organizational rules and regulations.
Unity of Direction: A single plan of action for the entire organization.
Unity of Command: Each employee reports to only one supervisor.
Subordination of Individual Interests: Organizational goals take priority over individual interests.
Remuneration: Fair compensation for employees.
Centralization: Decision-making authority is concentrated at the top.
Scalar Chain: A clear line of authority from top to bottom.
Order: Materials and equipment are organized to maximize efficiency.
Equity: Fair treatment of all employees.
Stability of Tenure: Job security to promote stability and growth.
Initiative: Encouraging employees to take initiative and suggest improvements.
Esprit de Corps: Promoting teamwork and unity among employees.

Transactional management focuses on efficiency and effectiveness of individual tasks and transactions to achieve organizational goals.
Transformational management emphasizes innovation, creativity, and empowerment to achieve organizational goals.
Collaborative management encourages teamwork, communication, and shared decision-making to achieve organizational goals.

Division of Labor: Breaking down tasks into smaller, manageable parts to increase efficiency and productivity.
Authority and Responsibility: Clearly defining roles and duties to ensure accountability and effective decision-making.
Unity of Command: Each employee should report to only one supervisor to avoid confusion and ensure clear communication.
Span of Control: The number of employees a manager can effectively supervise is limited to ensure effective management.
Scalar Chain: A clear line of authority from top to bottom ensures effective communication and decision-making.
Delegation: Assigning tasks and responsibilities to others to free up time, develop skills, and increase productivity.
Flexibility: Adapting to changing situations and environments is essential for organizational success.

Division of Work: Specialization increases efficiency and productivity.
Authority: The right to give orders and take responsibility is essential for effective management.
Discipline: Obedience to organizational rules and regulations ensures stability and order.
Unity of Direction: A single plan of action for the entire organization ensures everyone is working towards the same goal.
Unity of Command: Each employee reports to only one supervisor to avoid confusion and ensure clear communication.

Subordination of Individual Interests: Organizational goals take priority over individual interests for the greater good.
Remuneration: Fair compensation for employees motivates and retains them.
Centralization: Decision-making authority concentrated at the top ensures effective decision-making.
Scalar Chain: A clear line of authority from top to bottom ensures effective communication and decision-making.
Order: Materials and equipment organized to maximize efficiency and productivity.

Equity: Fair treatment of all employees promotes stability and growth.
Stability of Tenure: Job security promotes stability and growth.
Initiative: Encouraging employees to take initiative and suggest improvements promotes innovation and growth.
Esprit de Corps: Promoting teamwork and unity among employees promotes a positive work environment and organizational success.