Consult a manager of an organization of your locality, collect and explain the various principles of Management which have been adopted in his organization.
Answers
Various principles of Management which have been adopted in an organization
Explanation:
The basic principles of management which are followed in any firm are as follows:
1. Division of work: work is divided into smaller parts and allotted to people who are specialized in performing the job.
2. Remuneration: Each employee in an organization is paid an amount of money that is justified for his performance and work.
3. Centralisation and Decentralisation: In most of the organizations, the principle of centralization and decentralization is followed. The major jobs are kept for higher-level management while the smaller tasks are spread and decentralized among the employees of the organization.
4. Esprit De Corps: Every organization follows this principle. According to this principle, everyone in an organization is a team. The literal meaning of the term is “team spirit”.
5. Order: This principle is one of the most important principles for ensuring effectiveness and efficiency in any organization. According to this principle, everything should be kept in place and every man should be present in the right place to perform the right job.
6. Scalar chain: This principle is followed in all types of organizations, be it small or large. There is a chain of command which is followed in all the communications. At the top sits the top-level management and at the bottom is the workforce of the firm.