DHARAMPETH POLYTECHNC

2022-2023
BRANCH :- Computer Technology
TOPIC :- Study of management principles applied to a
large scale industry.
SUBBMITED TO :-
SUBJECT :- Management
GROUP MEMBERS :- 1)Harsh Mate
2) Archit Yadav
3) Kunal Jaiswal
4)Yash Bhajpai
5) Mohit Bhelkhede
 ANNEXURE-1
1) Brief Introduction :- Management is essential to any
organization that wishes to be efficient and achieve its
aims. Without someone in a position of authority there
would be organizational anarchy with no structure and
very little, if any focus. In this project, management
principles applied in large scale industries is discussed.
2) Aim :- Study of management principles applied to a large
scale industry.
3) Action Plan: -
Details of Planned start Planned Name of
activity date finish date responsible
team
members
Making 20/11/22 21/11/22 Harsh Mate
introduction
Collecting 20/11/22 21/11/22 Archit Yadav
information
Preparation of 20/11/22 21/11/22 Kunal Jaiswal
chart
Material for 20/11/22 21/11/22 Yash Bhajpai
chart
Print the 20/11/22 21/11/22 Mohit
report Bhelkhede

4) Resources required :-
Sr no Name of materials
1 Word file
2 Google
3 VMware Workstation
Actual procedure followed:
After forming the groups the students in the group started to
work on the Micro- Project as guided by Mr. R.C.Lokhande. He
advised us to collect the materials as soon as possible to sort.
Every team member helped in completing the project as quick
as possible.

Firstly the data was collected through various sources such as

books, reference books available in library, internet etc. The
collected content was analyzed and edited with the help and
guidance of the teacher. It was formulated again and again to
give the final touch. When it got completed, it was presented
before the teacher for proof reading and finalization. The
teacher finalized it and advised us to compile the report in
proper format along with presentation.

About Large scale industries:

There are different forms of business organizations ranging
from a sole proprietorship to large scale businesses that
employ over a thousand employees. Based on the scale of the
business, various classifications can be done, such as small
scale industries, large scale industries, public enterprises and
multinational corporations.
Large scale industries are referred to as those industries that
are having huge infrastructure, raw material, high manpower
requirements and large capital requirements. Those
organizations having a fixed asset of more than 10 crore
rupees are considered to be large scale industries.
The growth of the economy is very much dependent on these
industries. Such industries work towards bringing in foreign
reserves, generating employment opportunities and paving the
way for economic growth
Principles of Management - The Importance of the Principles
Having a clear management structure in place is vital for any
successful organization. Efficient and well intentioned
management sets the tone for the rest of the staff. It is common
for the attitude approach of managers to filter through the entire
organization, so having managers working in an exemplary way
is an excellent example for employees to follow.
Principles of management by Henry Fayol:
Henry Fayol, also known as the 'father of modern management
theory' gave a new perception of the concept of management.
He introduced a general theory that can be applied to all levels
of management and every department. The Fayol theory is
practised by the managers to organize and regulate the internal
activities of an organization. He concentrated on accomplishing
managerial efficiency.
The fourteen principles of management created by Henri
Fayol are explained below.
1. Division of Work-
Henri believed that segregating work in the workforce amongst
the worker will enhance the quality of the product. Similarly, he
also concluded that the division of work improves the
productivity, efficiency, accuracy and speed of the workers.
This principle is appropriate for both the managerial as well as
a technical work level.
2. Authority and Responsibility-
These are the two key aspects of management. Authority
facilitates the management to work efficiently, and responsibility
makes them responsible for the work done under their
guidance or leadership.
3. Discipline-
Without discipline, nothing can be accomplished. It is the core
value for any project or any management. Good performance
and sensible interrelation make the management job easy and
comprehensive. Employees good behaviour also helps them
smoothly build and progress in their professional careers.
4. Unity of Command-
This means an employee should have only one boss and follow
his command. If an employee has to follow more than one
boss, there begins a conflict of interest and can create
confusion.
5. Unity of Direction-
Whoever is engaged in the same activity should have a unified
goal. This means all the person working in a company should
have one goal and motive which will make the work easier and
achieve the set goal easily.

6. Subordination of Individual Interest-

This indicates a company should work unitedly towards the
interest of a company rather than personal interest. Be
subordinate to the purposes of an organization. This refers to
the whole chain of command in a company.
7. Remuneration-
This plays an important role in motivating the workers of a
company. Remuneration can be monetary or non-monetary.
However, it should be according to an individual’s efforts they
have made.
8. Centralization-
In any company, the management or any authority responsible
for the decision-making process should be neutral. However,
this depends on the size of an organization. Henri Fayol
stressed on the point that there should be a balance between
the hierarchy and division of power.
9. Scalar Chain-
Fayol on this principle highlights that the hierarchy steps should
be from the top to the lowest. This is necessary so that every
employee knows their immediate senior also they should be
able to contact any, if needed.
10. Order-
A company should maintain a well-defined work order to have a
favourable work culture. The positive atmosphere in the
workplace will boost more positive productivity.
11. Equity-
All employees should be treated equally and respectfully. It’s
the responsibility of a manager that no employees face
discrimination.
12. Stability-
An employee delivers the best if they feel secure in their job. It
is the duty of the management to offer job security to their
employees.
13. Initiative-
The management should support and encourage the
employees to take initiatives in an organization. It will help them
to increase their interest and make then worth.
14. Esprit de Corps-
It is the responsibility of the management to motivate their
employees and be supportive of each other regularly.
Developing trust and mutual understanding will lead to a
positive outcome and work environment.
This 14 principles of management are used to manage an
organization and are beneficial for prediction, planning,
decision-making, organization and process management,
control and coordination.