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Varsha Pandit replied | 30 Aug
Its the management which helps to follow the rule in particulat institute or guide us .The basic activity that can help you ,organize and control operations ,merhod,money in market .They provide leadership to human efforts so that they achieve set objectives efficiently
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Dinesh Pal replied | 29 Aug
The principles of management are fundamental guidelines that help managers effectively plan, organize, lead, and control resources to achieve organizational goals.
1. _Division of Work_: Divide tasks into smaller, manageable chunks to increase efficiency.
2. _Authority and Responsibility_: Clearly define roles, responsibilities, and authority to ensure accountability.
3. _Discipline_: Establish and maintain a disciplined work environment to promote productivity.
4. _Unity of Direction_: Align efforts towards a common goal, ensuring everyone works together.
5. _Scalar Chain_: Establish a clear hierarchy to facilitate communication and decision-making.
6. _Order_: Organize resources and materials to optimize efficiency.
7. _Equity_: Treat employees fairly and justly to promote motivation and job satisfaction.
8. _Stability of Tenure_: Encourage employee retention by providing job security.
9. _Initiative_: Empower employees to take ownership and initiative.
10. _Esprit de Corps_: Foster teamwork and collaboration to achieve common goals.
11. _Centralization_: Balance decision-making authority between centralization and decentralization.
12. _Decentralization_: Delegate decision-making authority to lower-level employees.
13. _Flexibility_: Remain adaptable to changing circumstances.
14. _Coordination_: Harmonize efforts to achieve unity of action.