A PROJECT

REPORT ON
BUSINESS
STUDIES-XII ON
‘PRINCIPLE OF
MANAGEMENT’

Submitted to, Submitted by,

 Acknowledgement
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………………. (Name of the teacher), my
Business Studies teacher who always gave me
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a source of inspiration and helped me
understand and remember important details
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only because of her/his guidance.

(Name of the student)

 Certificate

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student) of Class XII of
……………………….….(Name of the school) has
completed his/her project file under my
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 Index
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 Introduction of
Management
Management is universally necessary in all organization. It is
the force that holds everything in nation. Management is
the mobilization of an organization’s resources to meet a
goal. Management is virtually applied to every type of
organization, whatever its size or purpose.
For Example: - An auto plants, a state governor, a cricket
team, a typing service, all requires management.
When a group of people work together to accomplish some
common goal, they can work efficiently only, when there is
mutual co-operation and co-ordinate between them.
Therefore, a Central directing and Controlling agency is
required for guiding and integrating the efforts of the
numbers of the group. This agency comprises the managers
and the activities of managers are collectively called
management. Anything minus management is nothing.
 Henri Fayol
Born : 29 July 1841, Istanbul, Turkey
Died : 19 November 1925, Paris, France
Profession: Mining Engineer and Management the unit (French
National).
Education: Graduated from the mining academy "École Nationale
Supérieure des Mines" in Saint-Étienne in 1860.

Position Held: Founded the mining company “"Compagnie de

Commentry-Fourchambault-Decazeville" and became its
managing director in 1888. At that time the company was nearly
bankrupt. By the time of his retirement after 30 years in 1918, the
company grew into a large coal steel company with strong
financial position and a long record of profit and dividends.
Writings: Administration industries at generate
Contributions: He classified all activities of an industrial
undertaking into technical, commercial, financial, security,
accounting and managerial.
He suggested that qualities of a manager must possess should be
physical, moral, education, experience etc.
He was the first to identify four function of management:
1. Planning 3. Staffing 5. Controlling
2. Organizing 4. Directing