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10229 Management as a Group

Management as a group refers to all those persons who perform the task of managing an enterprise. When we say that management of ABC & Co. is good, we are referring to a group of people those who are managing. Thus as a group technically speaking, management will include all managers from chief executive to […]

10235 Is Management Really a Profession? Key Insights

Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition etc have led to an increased demand for professionally qualified managers. The task of manager has been quite specialized. As a result of these developments the management has reached a stage where everything is to […]

10723 Principles of Scientific Management

Development of Science for each part of men’s job (replacement of rule of thumb) This principle suggests that work assigned to any employee should be observed, analyzed with respect to each and every element and part and time involved in it. This means replacement of odd rule of thumb by the use of method of […]

10224 Management and Administration

According to Theo Haimann, “Administration means overall determination of policies, setting of major objectives, the identification of general purposes and laying down of broad programmes and projects”. It refers to the activities of higher level. It lays down basic principles of the enterprise. According to Newman, “Administration means guidance, leadership & control of the efforts […]

10231 Levels of Management – Top, Middle and Lower

The term “Levels of Management” refers to a line of demarcation between various managerial positions in an organization. The number of levels in management increases when the size of the business and work force increases and vice versa. The level of management determines a chain of command, the amount of authority & status enjoyed by […]

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  1. Principles of Management are Universal

    1. Management principles are applicable to all kinds of organizations - business & non business.
    2. They are applicable to all levels of management.
    3. Every organization must make best possible use by the use of management principles.
    4. Therefore, they are universal or all pervasive.

  2. Principles of Management are Flexible

    1. Management principles are dynamic guidelines and not static rules.
    2. There is sufficient room for managerial discretion i.e. they can be modified as per the requirements of the situation.
    3. Modification & improvement is a continuous phenomenon in case of principles of management.

  3. Principles of Management have a Cause & Effect Relationship

    1. Principles of management indicate cause and effect relationship between related variables.
    2. They indicate what will be the consequence or result of certain actions. Therefore, if one is known, the other can be traced.

  4. Principles of Management - Aims at Influencing Human Behavior

    1. Human behavior is complex and unpredictable.
    2. Management principles are directed towards regulating human behavior so that people can give their best to the organization.
    3. Management is concerned with integrating efforts and harmonizing them towards a goal.
    4. But in certain situations even these principles fail to understand human behavior.

  5. Principles of Management are of Equal Importance

    1. All management principles are equally important.
    2. No particular principle has greater importance than the other.
    3. They are all required together for the achievement of organizational goals.

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