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Matter

The document discusses principles of management which provide a framework for managers to plan, organize, lead, and control organizational activities. The principles are universal, based on analysis of successful practices, and guide managers while allowing flexibility. The principles are important for consistent decision making, organizational efficiency, coordination, adaptability, and goal achievement.

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6 views

Matter

The document discusses principles of management which provide a framework for managers to plan, organize, lead, and control organizational activities. The principles are universal, based on analysis of successful practices, and guide managers while allowing flexibility. The principles are important for consistent decision making, organizational efficiency, coordination, adaptability, and goal achievement.

Uploaded by

elegma786
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Principles of management are fundamental truths or guidelines that serve as the

foundation for effective managerial practices. These principles provide a framework


for managers to plan, organize, lead, and control organizational activities
systematically and efficiently.

Key Aspects of Principles of Management

1. Universality: These principles are applicable to all types of organizations,


whether large or small, public or private, and across various industries.

2. Fundamental Truths: They are based on sound observations and analyses of


successful managerial practices over time.

3. Guidance: These principles guide managers in making decisions, setting


goals, and handling everyday operational challenges.

4. Flexibility: While they provide a foundation, they are not rigid rules.
Managers can adapt them to specific contexts and situations.

Why Principles of Management Are Important

1. Consistent Decision-Making: Provide a standard approach to solving


managerial problems, ensuring consistency across the organization.
2. Organizational Efficiency: Help in designing effective organizational
structures and systems, leading to better utilization of resources.
3. Coordination: Foster cooperation among various departments and levels of
the organization, promoting a cohesive working environment.
4. Adaptability: Enable organizations to adapt to changing environments by
offering flexible yet reliable guidelines.
5. Goal Achievement: Ensure that all efforts within the organization are aligned
towards achieving common objectives.
6. Employee Motivation: Fair and consistent application of principles can lead
to increased employee satisfaction and motivation.

PRINCIPLES OF MANAGEMENT
1. Division of Work
2. Authority and Responsibility
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Subordination of Individual Interests to the General Interest
7. Remuneration
8. Centralization
9. Scalar Chain
10. Order
11. Equity
12. Stability of Tenure of Personnel
13. Initiative
14. Esprit de Corps

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