Management Theory and practice

Internal Assignment

Question 1:

Answer:

The recently founded business Sachin Ethanol manufactures ethanol from the waste

products of sugarcane production. When it comes to a company's performance,

management is the single most crucial factor. The goal is to concentrate on every

facet of planning, organising, leading, and regulating in order to manage the

organisation efficiently and accomplish the goal of the firm. The role of the trainer is

to instruct newly hired management students on management concepts in order to

establish standards for considering and making managerial choices that are

beneficial to the development of the organisation. It provides assistance to

supervisors in effectively organising and allocating work in order to preserve the

work values and culture of the organisation and increase the level of satisfaction

experienced by employees. The managers can define the set of duties and goals to

fulfil in a timely manner with the assistance of the management principles. This helps

managers maximise revenue and use corporate resources in the most effective

manner possible.

Henri Fayol's 14 Principles of Management

Fourteen principles of management are:

Division of Work: The first principle emphasises delegating tasks to different members of
the team so that everyone may gain experience and expertise as a whole and get the job
done. When put into practise, this approach helps employees develop their skills and stays
with them as they advance in their careers, which in turn helps businesses thrive. There is a
strong bias against multitasking society.
2. Authority: The second principle looks at authority and responsibility. It shows the
manager how to find a good balance between managing the employees and making sure
that each employee's instructions are carried out well.

3. Discipline: It helps the business function smoothly and effectively, and it fosters an
organisational culture in which coworkers value and respect one another by enforcing
compliance with corporate laws and regulations to maximise profits and professional
growth.

4. Unity of command: It provides the organisation with the clear guidance that employees
must effectively comply with the commands of the management to maintain discipline and
security.

5. Unity of direction The Henry Fayol concept states that all the staff members need to be
operated in a healthy atmosphere and execute particular jobs under the watch of the
supervisors. When employees complete their assigned responsibilities as directed by a
management, the manager may expect consistent outcomes.

6. Prioritizing collaborative appeal above individual wants and interests The principal
should support the organisation and give specific help to encourage the staff members to
raise morale and needs. They should not do anything that would be detrimental to the
individual's interests.

7. Compensation: Paying employees fairly for their sincere efforts would encourage them
to put out extra effort and produce high-quality work for the business. A permanent
performance incentive is included as part of the earnings.

8. Centralization - The top-down approach aids the management in making effective use of
authority to oversee all departments while maintaining a healthy balance of authority
through established processes.

9. Scalar Chain: This concept concentrates on the efficient communication procedure

between managers and workers to manage all the divisions and understand the wants and
requirements of the staff members to maintain staff member interaction and assist the staff
members in fully comprehending the structure for the expansion of the organisation.

10. Order: According to this concept, organisations should make efficient use of their
resources, including their human resources, cash, and materials, at the appropriate time and
location to promote growth and contribute to the elimination of abuse.

11. Equity - Managers should learn equity (including fairness and kindness) to deal with
issues and inspire employees to be loyal to the company.

12. Equilibrium of assignment of principle: The principal oversees the firm to ensure that
there is as little employee turnover as possible, and that maximum advantage is taken of the
organization's effectiveness. This is accomplished by providing outstanding training to carry
out the specifics in an efficient manner.

13. Initiative: The principle advises the supervisors to take the initiative to stimulate and
encourage staff members to improve their spirits and feel appreciated and respected. This
is in response to the fact that the supervisors have been given the responsibility of
motivating and encouraging staff members.

14. Spirit of teamwork: This is the final concept that Henry Fayol outlines, and it focuses on
the need of fostering a sense of teamwork and collaboration among employees in order to
improve the overall health of the business, as well as the employees' ability to be productive
and efficient.

Conclusion

Henry Fayol's 14 principles provide a framework for managing a company's human

resources, as well as developing an approach to inspiring and training employees so that
they may do their task effectively and advance the company's goals. To adequately manage
discipline and work values, it is essential that the principal develop a thorough awareness of
the obligations placed on them. A company's managers' dependability depends on several
factors, including their technical competence, which allows them to efficiently manage all
elements of the business and properly deal with any problems that arise. In addition, if you
want to succeed as a manager or business owner, this concept will help you make better
decisions and better coordinate your company's activities to achieve your goals. To sum up,
the principles are highly effective in fostering staff members' growth in skill and output
toward the achievement of the organization's stated goals.

Question 2

Answer 2:

Management is a potent strategy that considers planning to manage, organise and using resources
properly to achieve organisational goals and carry out a given task. The recently formed
management group is split up while they discuss an issue. The online forum's chairman is needed
to shed light on whether or not management is an art, a science, or both. Management may be seen
of as either a scientific discipline or an artistic practise, depending on how you define these
concepts. Business organisations need the truth, a universally accepted concept that science can
supply, to survive and thrive. Managers may also benefit from this knowledge since it clarifies the
nature of the relationships between various factors. Meanwhile, the necessary expertise for
accomplishing a goal is expanded through the provision of artistic aid. It helps the manager
continue developing his or her abilities and inventiveness, and it increases his or her productivity
so that the best possible outcome may be achieved.

Management as science
Knowledge and specific facts supplied by science help to clarify phenomena, elucidate the
connection between cause and effect, and identify the role of the many factors. It lays out the
scientific principles and essential facts for managing the available resources, highlights the
necessity for specialised knowledge for overcoming challenges, and suggests ways forward. The
scientific method imparts knowledge, while the creative process helps cultivate the abilities
necessary to solve a wide range of managerial challenges.

Scientific principles supply the underlying truth and conform to the requirements of the
organization's superiors, thus they are widely recognised as a sound foundation upon which to
build. Businesses of all stripes can benefit from adhering to this overarching philosophy, since it
fosters qualities like unified command, pride in one's job, and discipline among employees.

Experimentation and monitoring: The principles are based on medical evidence, including
examination and research that are in line with logic to deliver monitoring and practical experiences
to better the workforce and satisfy the organisation.
Management science's contribution to our understanding of the interdependencies between factors,
authorities at various levels, and the need to achieve results may be illustrated by considering the
domino effect. When this balance is disturbed, it has a significant negative impact on a company's
ability to expand. For instance, if workers are compensated well and provided with favourable
perks, they will be more likely to work toward the success of the company. However, if they are
treated unfairly, item activity and expansion will suffer.

Prediction and trustworthiness: scientific concepts hold up to scrutiny. They both yield the same
outcomes, which helps the business plan ahead and get timely, appropriate replies. The company's
management and caring for its employees are bolstered by Henry Fayol's philosophy of unity of
the customer. In contrast to their bosses, workers often find it difficult to understand and implement
policies that have negative consequences. However, the main argument was that a single manager
can efficiently handle all operations.

Management as an art

Understanding, expertise, and the application of academic and practical principles comprise the
art of management.
Learning the theory is not enough to become an effective manager and leader who can steer a
company toward productive outcomes and skillfully navigate whatever challenges it faces. Having
a firm grasp of management as an art form equips managers with the practical skills they need to
effectively make choices and deal with a wide range of scenarios.
Ability to handle responsibilities effectively and become a great manager depends on one's own
personal talent, which may be honed and augmented by gaining relevant practical knowledge.
Management of the Earth facilitates managers' creative and ingenious problem-solving in service
of the company's mission and vision, as well as their ability to make effective use of available
resources for the advancement of the organisation and the management of its personnel in order to
foster the growth of the latter's innovative corporate image.

Bring excellence and aim: Skillful management aids businesses in achieving their objectives, and
ongoing training keeps managers sharp and ensures that all tasks are completed to maximise
productivity and revenue. The result is a supervisor who is up to the task of thwarting any potential
dangers, providing valuable services to the company, and fostering a happy, productive work
environment for everyone.
Conclusion

The study's findings underscore the significance of combining scientific method and creative
expression in the pursuit of organisational excellence. The most important aspect of every business
is its management system, and the art and science of management are essential to its success in
this regard. The supervisors' competency, knowledge, and experience increase via the arts and
sciences, helping them to become more competent, innovative, and flawless problem-solvers and
providers of solid solutions that contribute to the expansion of their businesses. Training helps
managers develop the skills necessary to effectively oversee all departments and employees,
allowing them to deliver superior results for their organisations and the people in the communities
in which they live. This is made possible through the combination of scientific knowledge and
practical experience gained through advancement in the field. On top of that, management aide
supervisors are expected to follow all company rules and regulations, be trustworthy, and work
together with staff members to cut expenses and increase revenue
.

Question 3:

Answer3a):

While Lemon Tree is a well-known Indian resort brand, internal tensions are preventing it
from keeping pace with the competition and stunting its growth. Here, the scientist has
attempted to dissect the causes of the dispute in order to propose effective solutions for the
growth of the organisation.

Disagreement and conflict are natural aspects of every group setting. Disagreements arise
in the workplace as a result of a lack of communication, decision-making, and understanding,
which has a detrimental impact on productivity and market share. The dispute can be
attributed to a wide range of causes. When the right decisions are not made in a timely
manner to fix the problem, things change dramatically. In the hotel industry, for instance,
Lemon Tree is having problems due to ineffective management of these issues and an
insufficient focus on finding effective solutions.

Misunderstandings between workers and their superiors often arise as a result of a failure
in communication. Disengagement, anxiety, and altered behaviour all result from social
conflict. Disagreement arises when people in an organisation use vastly different strategies,
models, and mental frameworks for conducting their daily operations. Due to the intense
level of rivalry in today's business environment and the consequent strain on the company's
resources, rival companies are another common cause of discord. When there is a lack of
quality and authority, it leads to a loss of control between employees and the boss, which
inevitably leads to friction. As a direct result of the conflict, the employees' ability to maintain
a healthy work-life balance is thrown off, which has a negative impact on both the business
and its bottom line. Misinterpreting the causes of conflict in an organisation is prevalent due
to a lack of clarity and a lack of sources. Staffing shortages may contribute to tensions since
they place a greater burden on the remaining employees. Dissatisfaction and irritation from
from having to multitask is a certain recipe for arguments. As a result of the subpar working
conditions, employees are agitated and prone to fighting with one another. All the
differences and arguments can't be managed since there is no drive and no management
framework. Disputes about the organization's structure and internal connections sap
morale, make it harder for employees to do their jobs well, and slow down progress toward
the organization's goals.

Conclusion

All human interactions inevitably lead to some sort of conflict, which has a negative effect on
the productivity of the company's employees. The organisation needs to deal with the issue
and provide useful services in order to improve productivity. In addition, it's important to
strengthen lines of communication in order to engage with staff members and gain an
understanding of their goals and requirements in order to craft a distinctive company plan
for expansion.

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Answer3b)

In order for the business to achieve its full potential in terms of output, market share, quality of
sales and advertising, and collaboration with its customers, peak performance and competent
management are essential. The management principle aids the firm in maintaining control over
all operational factors necessary to successfully operate as a scientific research service.

The Lemon Tree Hotel must devise a method for handling the argument and deliver an effective
solution to the matter. By providing a conducive environment for productive decision-making,
problem-solving, and conflict resolution, an effective management system helps a company
effectively manage its many departments, plan for future growth, and resolve conflicts. The first
step is for the firm to improve its practical communication strategy and set up frequent meetings
with the staff to discuss the latter's concerns, hear their suggestions for the company's future, and
formulate a plan based on their input. The adaptable schedule and the competent workers reduce
the amount of effort required to bring items to market and please customers. Capitalizing on
available resources and tapping into the local market may help a company expand while keeping
overhead to a minimum. The company's employees are at odds about whether or not they have
what it takes to compete successfully in the global market, despite the high quality of their
products and services. Good decisions and reasonable requirements for employees maintain and
motivate them to strive toward creating a healthy, balanced atmosphere that everyone may enjoy.
Employees are more likely to do their best work when they have access to a healthy and
balanced workplace and society, as well as the proper training. Understanding the problem from
the employees' perspective and working together to find a solution can help the company get
closer to its goal. Finding the source of the problem and, if possible, a workable solution to the
issues being experienced both within and outside the office Bringing in less conflict and more
dependable results for the organisation is a goal of modern innovation and rethinking the
workplace with an eye toward satisfying all parties involved. When problems arise, it's helpful to
take a proactive approach and set up a system of strong relationships with staff and employees.
maintaining a positive attitude and decreasing tension Help the business win the gold of the
market and resolve the adversity head-on.

Conclusions

After analysing all of the challenges and their potential remedies, the study's author found that
focusing on increasing staff retention, encouragement, and motivation is the most effective way
to solve the issues at hand and bring about the desired outcome for the business.