Principles Of Management - Complete Chapter in 30 Minutes | Class 12th Business Studies🔥

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PRINICPLES OF MANAGMENT (POINTERS LIST) CHARACTERISTICS/FEATURES/NATURE OF PRINICPLES OF MANAGEMENT 1. General Guidelines 2. Flexible 3. Formed by practice and experiments 4. Universal Applicability 5. Behavioral nature 6. Based on cause and effect relationship 7. Contingent IMPORTANCE/SIGNIFICANCE OF PRINCIPLES OF MANAGMENT 1. Providing managers with useful insights into reality 2. Scientific decisions 3. Fulfilling social responsibility 4. Optimum utilisation of resources and effective administration 5. Meeting changing environment requirments 6. Management training, education and research FAYOL'S PRINCIPLES OF MANAGMENT 1. Division of work 2. Authority and responsibility 3. Discipline 4. Unity of command 5. Unity of direction 6. Subordination of individual interest to general interest 7. Remuneration to employees 8. Centralisation and decentralisation 9. Principle of scalar chain 10. Principle of order 11. Equity 12. Stability of personnel 13. Initiative 14. Espirit de corps SCIENTIFIC MANGMENT (TAYLOR) PRINICPLES 1. Science, not rule of thumb 2. Harmony, not discord 3. Co-operation, not individualism 4. Development of each and every person to his/her greatest efficiency and prosperity SCIENTIFIC TECHNIQUES 1. Function foremanship 2. Standardisation and simplification of work 3. Work study A. Fatigue study B. Method study C. Time study D. Motion study 4. Differential piece wage system

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TQ

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1.Divisonal Of Work 2.Authority And Responsibility 3.Discipline 4.Unity of Command 5.Unity Of Directions 6.Subordination Of Individuals Interest To General Interest. 7.Remuneration Of Persons. 8.Centralisation And Decentralisation. 9.Principle Of Scalar Chain. 10.Principle Of Order. 11.Principle Of Equity. 12.Stability Of Tenure Of Personnel. 13.Initiative. 14.Esprit De Corps.

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Division of work Authority and responsibility Discipline Unity of command Unity of direction Subordination of individual interest to general interest Remuneration Centraliation and decentralisation Scaler chain Principle of order Principle of equity Stability of tenure of personal Initiative Esprit de crop ❤

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PRINICPLES OF MANAGMENT (POINTERS LIST) CHARACTERISTICS/FEATURES/NATURE OF PRINICPLES OF MANAGEMENT 1. General Guidelines 2. Flexible 3. Formed by practice and experiments 4. Universal Applicability 5. Behavioral nature 6. Based on cause and effect relationship 7. Contingent IMPORTANCE/SIGNIFICANCE OF PRINCIPLES OF MANAGMENT 1. Providing managers with useful insights into reality 2. Scientific decisions 3. Fulfilling social responsibility 4. Optimum utilisation of resources and effective administration 5. Meeting changing environment requirments 6. Management training, education and research FAYOL'S PRINCIPLES OF MANAGMENT 1. Division of work 2. Authority and responsibility 3. Discipline 4. Unity of command 5. Unity of direction 6. Subordination of individual interest to general interest 7. Remuneration to employees 8. Centralisation and decentralisation 9. Principle of scalar chain 10. Principle of order 11. Equity 12. Stability of personnel 13. Initiative 14. Espirit de corps SCIENTIFIC MANGMENT (TAYLOR) PRINICPLES 1. Science, not rule of thumb 2. Harmony, not discord 3. Co-operation, not individualism 4. Development of each and every person to his/her greatest efficiency and prosperity SCIENTIFIC TECHNIQUES 1. Function foremanship 2. Standardisation and simplification of work 3. Work study A. Fatigue study B. Method study C. Time study D. Motion study 4. Differential piece wage system 5. mental revolution

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