I need some solved case studies of principles and practice of management
Answers
Types of Principles of Management
Fayol’s Principles of General Management
Taylor’s Principles of Scientific Management.
Significance of Principles of Management
They help to provide managers with useful insights into reality and increase their efficiency in dealing with recurring problems.
They ensure optimum utilisation of resources as due to the presence of cause and effect relationship the outcome of the decisions and actions can be predicted. Moreover, it leads to effective administration as the principles tend to restrict the personal prejudices and biases.
They facilitate scientific decision making as they emphasise on logical thinking rather than blind faith.
They help to meet the changing requirements of the environment to the best advantage ofa organisation.
They help in fulfilling social responsibility of an organisation.
They facilitate the process of management training, education and research as they are at the core of management theory.
Features of Principles of Management
Universal Applicability: The principles of management are deemed to apply to all types and sizes of organizations.
General Guidelines: The principles are guidelines to action but do not provide readymade, straitjacket solutions to all managerial problems as the real business situations are very complex and dynamic and are a result of many factors.
Formed by practice and experimentation: The principles of management are formulated by the management experts through observation and tested through repeated experimentation.
Flexible: The principles of management are not rigid prescriptions, which have to be followed absolutely. They are flexible and can be modified by the manager in the light of given situation so as to achieve the desired goals.
Mainly Behavioural: The principles of management aim at influencing behaviour of human beings in a desired manner.
Cause and effect relationships: The principles of management seek to establish relationship between cause and effect so that they can be used in similar situations in a large number of cases.
Contingent: The application of principles of management is contingent or dependent upon the prevailing situation at a particular point of time.
Answer:
practice of management