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Jenika Oswal replied | 3 hrs ago
Principles of management are the set of fundamental guidlines, rules, procedure that lets a company run a smooth business; help the management in decision making process. To be more specific, these guide the management in terms of planning, organizing, controlling the operations including money, people, material, machines, markets & the correct way/method to do an activity/task.
Principles of management are provided by 2 people namely F. W. Taylor (Father of Scientific Management) & Henry Fayol (Father of General/Modern Management).
Following are the Scientific Principles of Management given by Frederick Winslow Taylor (F. W. Taylor):
1. Science, Not Rule of Thumb
2. Harmony, Not Discord
3. Cooperation, Not Individualism
4. Development of each and every person to his/her greatest efficiency
Following are the 14 principles of management given by Henry Fayol:
1. Division of Work
2. Authority and Responsibility
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Subordination of Individual Interest
7. Remuneration
8. Centralization
9. Scalar Chain
10. Order
11. Equity
12. Stability
13. Initiative
14. Esprit de Corps.
To conclude, these principles stand to be the pillars of an organisation; supporting the planning, organizig, controlling, coordination & decision making.
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Muskan replied | 12 Jul
Following a strategy from the beginning is very important. I’ll give you a few general tips:
Anmol Dhunna replied | 12 Jul
Hey Ridhi, this is what makes us to learn there is never a going back. Always remember some opportunities never come for second time. Now you can only move ahead by learning from your faults. Prove your capabilities by competing with substatntial marks. however, its not only your marks but also your skills which will be with you at every stage of your life. so, move ahead champ with great courage.
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Birat Ranjan meher replied | 20 hrs ago
DK English for Everyone: Beginner Box Set" by Thomas Booth - This is the best for basic English as well as for beginners too
The Road Not Taken by Robert Frost
and "Stopping by Woods on a Snowy Evening" by Robert Frosta are the best poems for basic English learning
Harshit Sharma replied | 6 hrs ago
REVERIE
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Somya Jain replied | 6 hrs ago
Principle of management - subordination individual interests, unity it direction, authority and responsibility