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Principles Of Management MITSDE


Management is an art that keeps the project, its resources, budget, timeline and other project components in sync with the expected or planned values. An effective management is the cornerstone of the project that garners its success. That is why&hellip – PowerPoint PPT presentation

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Title: Principles Of Management MITSDE

Principles of ManagementMITSDE
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Principles of Management
  • Authority and Responsibility
  • Authority and responsibility must go hand in
    hand. If an individual is given the authority
    to perform the assigned task, he must have the
    responsibility to get the work done and
    vice-versa. The manager is ineffective if he has
    responsibility but no authority while he may
    become irresponsible if he has authority without

  • Remuneration
  • If the remuneration paid is reasonable,
    rewarding or fair, then the workers may get
    motivated to perform more productively for the
    organization by putting their maximum efforts.
  • Division of Work
  • Proper division of work is very necessary for
    every organization. The work must be divided into
    compact jobs and the jobs must be allocated to
    those persons only who best fit in it leading to
    proper utilization of natural resources and
    enhanced efficiency of work.

  • Equity
  • Every employee must be treated with equality
    and management should not go for nepotism or
    favoritism because it may affect an employees
    confidence and morale..
  • Discipline
  • Every organization needs to maintain
    discipline as it leads to the establishment of
    clear rules among the employees and proper
    supervision of all the levels that facilitate
    smooth run.

  • Centralization
  • Every organization must have a proper
    proportion of centralization and
    decentralization. If there is immense
    centralization in an organization, the
    subordinates role will be diminished In
    decision-making and vice-versa.
  • Unity of Command
  • An employee must be accountable to one
    superior only. Dual command, division in loyalty
    or duplication of work must not occur as it may
    lead to delay, chaos, confusion or

  • Scalar Chain
  • There must be a chain of superiors ranging
    from top to bottom level leading to a proper flow
    of command and communication. It also leads to
    gang plank (flow of communication between two
    individuals of the same level)..
  • Unity of Direction
  • A group having the same objective must be
    governed by one superior with one plan of action.
    Without unity of direction, action and efforts
    towards the goal will be useless.

  • Stability of Tenure
  • Every employee takes time to fit into some
    job so the period of the job must be fixed. The
    stability of tenure will help to increase
    confidence and loyalty from employees side
    towards the position he stands in.
  • Initiative
  • Every employee must be encouraged to take
    initiative in the organizations processes. It
    leads to the enhancement of their confidence and
    allows them to be an asset to the firm.

  • Subordination of individual interest to general
  • To achieve the organizations goals,
    organizations interest must be above the
    employees personal interests.
  • Esprit De Corps
  • Esprit De Corps, Unity of Strength, or team
    spirit must be fostered. It motivates the workers
    to work harder.
  • Order
  • There must be the rule of right man in the
    right place leading to the smooth functioning of
    the organization with no chaos.

  • Here at MIT School Of Distance Education, we
    realize the value of these principles and we make
    sure that every future manager is well-accustomed
    to these principles. Our PGDM, PGDBA courses and
    even the PGCM courses, distance learning courses,
    correspondence MBA include exclusive and lucid
    lessons on these principles.

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