Principle of Management BY Muhammad Suleman MSHRM MBA

Principle of Management BY Muhammad Suleman MS(HRM) MBA (HR) MIT BSC (COMPUTER)

Scope of lecture 14 principles of Management 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Division of work Authority Disciplines Unity of command Unity of Direction Subordination of individual interest to general interst Remuneration(compensation) Centralization Scaler chain Order Equity Stability of personnel tenure Initiative Esprit De Corps

14 Principles � � � The concept of 14 Principles come from Administrative Management is the key to improve the over all performance of the organization Henry Fayol was the person who gave 14 principles

Principle of Management Division of work: � Work specialization can result in efficiencies. � Work specialization means division of work in organization � e. g. in organization different nature of job exists in different department such as marketing, finance, operation etc.

Principle of Management Authority: � Authority is the legitimate power. � Authority is the right to give orders. � Authority person. makes manager the responsible

Principle of Management Disciplines: � Discipline is very much important for smooth running of an organization � Foyal says that for getting the job 100% you must maintain some discipline inside the organization. � Employees must obey and respect the rules that govern the organization

Principle of Management Unity of Command: An employee should receive order from one superior only. Unity of Direction: The organization should have a single plan of action to guide managers and workers.

Principle of Management Subordination of individual interests to the general interest. � The interest of one employee or group of employees should not prevail over the organization’s interest and goals. � The interests of any one employee or group of employees should not take precedence over the interests of the organization as a whole.

Principle of Management Remuneration � Workers services. must be paid a fair wage for their � Decision must be made for the employee, based on justice. � Injustice must not be prevailed in the organization.

Principle of Management Centralization ?

Principle of Management Scalar Chain � Scalar chain is the hierarchical chain of authority. � It extends from top to bottom of any organization and defines the communication path.

Principle of Management Order: � It means that materials and the people should be in the right place and at the right time. � Every thing should be placed in an organized way inside the organization.

Principle of Management Equity: � According to equity employees must be treated with justice and kindness. � e. g. two persons hired in organization having same qualification and experience so there salary level must be same.

Principle of Management Initiative: � In order to explore the capabilities of workers the manager must take some initiative. � People have potential to do any type of job.

Principle of Management Esprit de Corps: � Promoting team spirit will build harmony and unity within the organization � Here Foyal is encouraging to perform the activities in group.