Basic Principles of Management

The act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively.

Management is comprise of?

Management is a social process involving responsibility for blank and blank planning & regulation of operation of an enterprise in the fulfilment of given purposes.

involves the establishment of business goals and objectives, and determining the ways in which they will be achieved. It includes blank of vision, mission, objectives, and goals.

the managerial function of acquiring, deploying, and retaining a workforce of sufficient quantity and quality to create positive impact on the organization’s effectiveness. It includes recruiting, selecting, hiring, training, and retraining.

it includes developing productive relationship amongst physical, financial, and human resources for achievement of organizational goals. It includes division of labor, delegation of authority, departmentalization, span of control, and coordination.

deals with influencing, guiding, supervising, motivating subordinates for the achievement of organizational goals. It includes supervision, motivation, leadership, and communication.

it implies measurement of accomplishment against the standards and correction of deviation, if any, to ensure achievement of organizational goals. It includes establishing standards based upon objectives; measuring and reporting performance; comparing the two; and taking corrective/preventive action.

an integral element or ingredient of all the managerial functions. Manager ensures that there should be blank between actual performance & standard performance to achieve organizational goals.

facilitates co-ordination by integrating the various plans through mutual discussion, exchange of ideas

manager groups assign various activities to subordinates

a manager should bear in mind that the right no. of personnel in various positions with right type of education and skills are taken

the purpose of giving orders, instructions & guidance to the subordinates is served only when there is a harmony between superiors & subordinates.

3 Basic Roles of a Manager

roles managers assume to coordinate and interact with employees and provide direction to the organization

symbolizes the organization and what it is trying to achieve

train, counsel, mentor and encourage high employee performance.

link and coordinate people inside and outside the organization to help achieve goals.

This role involves handling, sharing, and analyzing information.

analyzes information from both the internal and external environment

manager transmits information to influence attitudes and behavior of employees

use of information to positively influence the way people in and out of the organization respond to it

This role requires decision making.

Deciding upon new projects or programs to initiate and invest.