Principles Of Management PDF

PRINCIPLES OF MANAGEMENT Management  Management is the activity of getting the work done through the efforts of others  Achieves business objectives by bringing together basic resources like Men, Materials, Methods, Machines, Money and Market Definition:- To Manage is to f...

PRINCIPLES OF MANAGEMENT Management  Management is the activity of getting the work done through the efforts of others  Achieves business objectives by bringing together basic resources like Men, Materials, Methods, Machines, Money and Market Definition:- To Manage is to forecast and to plan, to organize, to command, to Coordinate, and to control – Henry Fayol Levels of Management and Objectives Top Level  Setting and laying out plans to achieve business objectives  Frame Policies and Procedures  Design organizational framework  Arrange resources to put plans into practice  Reviews and remedial measures  Middle Level  Lower Level Levels of Management and Objectives Middle Level  Selection of efficient manpower  Setting proper procedures and operating routines for respective departments  Link between the lower level and Top level  Reports and Statistical information for Top Level Levels of Management and Objectives Lower Level  Directing and Supervision of the workforce for day to day activities  Link between the management and Workers  Communicating the policies and procedures to the workforce  Maintaining discipline  Reporting actual performance of workers and their difficulties to the management Characteristics of Management  Management is a process  Management is action based  Involves achieving results through the efforts of others  Management is a group activity  Management is universal  Management is an Art, Science as well as a profession  Management is innovative Role of Management  Optimum utilization of resources  Cordial Industrial Relations  Motivates Employees  Expansion of Business  Stability and Prosperity  Teamwork  Smooth Functioning  Controlling attrition and absenteeism Functions of Management  Planning  Organizing  Staffing  Directing  Motivating  Communicating  Coordinating  Controlling