All India Shri Shivaji Memorial Society’s

Polytechnic KennedyRoad, Near RTO,

Pune - 411001

MICRO PROJECT ON
Study of management principles applied to large scale industries

Name :Vinayak Balasheb khade

Roll No: 2005

Enrolment No: 2201410540

Program Name: Diploma in Mechanical Engineering

Program Code: M.E.5.I

Semester: Fifth

Course Title: Management

Course Code : 22509

Name of Micro project Guide: Mr. M.S. Bhave

 All India Shri Shivaji Memorial Society’s Polytechnic,
KennedyRoad near RTO, Pune-411 001

CERTIFICATE

Certified that this micro project report titled ‘Study of management principles
applied to large scale industries.’ is the bonafide work of Name:Vinayak Balasheb
khade Rollno:2005, of Third year diploma in Mechanical Engineering for the
course :Management, Course code: 22509, during the academic year 2023- 2024,
who carried out the micro project work under my supervision.

Mr. M.S. Bhave

(Name & signature subject teacher)

 INDEX

Sr. content Page

No. No.
1. Micro Project Proposal 1.

2. Rationale 2.

3. Aims/Benefits of the Micro Project 4.

4. Course Outcome achieved 6.

5. Literature Review 6.

6. Actual Methodology Followed 6.

7. Actual Resources Used 7.

8. Output of the Micro Projects 8.

9. Skill Developed / Learning outcome of the 9.

MicroProject
10. Conclusion 10.
 Micro Project
1. Title of the Micro-project:
Study of management principles applied to large scale industries.

2.0: Rationale
An engineer has to work in industry with human capital and machines. Therefore, managerial
skills are essential for enhancing their employability and career growth. This course is
therefore designed to provide the basic concepts in management principles, safety aspects
and Industrial Acts.

3.0 : Aims/Benefits of the micro project

An engineer has to work in an industry with human capital and machines. Therefore,
managerial skills are essential for enhancing their employability and career growth.
This course is therefore designed to provide the basic concepts in management
principles, safety aspects, and Industrial Acts3

4.0: Course Outcome achieved

a. Use basic management principles to execute daily activities.

5.0: Proposed Methodology

1. Finalize the topic

2. Find and Collect information
3. Arrange information
4. Proofread the information
5. Review from the teacher
6. Edit project report as per the suggestions of the teacher
7. Proofread and finalize the report
8. Submission of the report

6.0: Actual Resources Used

Sr. Name of resource

Specificions Quantity
no material

1 PC windows 7 1

2 textbook Management 1

1
3 MS WORD 2018
 7.0: Skill Developed / Learning outcome of the MicroProject

1) It has been said that management has four basic functions – planning, organizing, leading
and controlling.
2) Common sense dictates that without these principles of management being in place an
organization would have trouble achieving its aims, or even coming up with aims in the first
place.
3)Management principles Help in thoughtful decision-making. They emphasize logic rather
than blind faith. Management decisions taken on the basis of principles are free from bias and
prejudice. They are based on the objective assessment of the situation.
 DAY TO DAY WORK OF MICRO PROJECT:

No of
Activity performed Date Remark
days

27/07/2023
1 Various topics of micro project were discussed TO
31/07/2023

03/08/2023
2 subject teacher and the topic was selected TO
07/08/2023

10/08/2023
3 Detailed list prepared for the project topics TO
14/08/2023

28/08/2023
4 Collected data of topics from various industry TO
31/08/2023

12/09/2023
Collected data is cross checked by the project
5 TO
guide
20/09/2023

20/09/2023
Data is collected from internet of different
6 TO
materials
27/09/2023

03/10/2023
Roughly noted in a book all the necessary details
7 TO
and notes are prepared
10/10/2023

10/10/2023
Typing and data sequence formed and set as per
8 TO
project
17/10/2023

18/10/2023
14 Rough copy is prepared and if any corrections
9 TO
are needed to the related project
27/10/2023

Finalized the report and gave for printing and 07/11/2023

10 Hard copy is prepared and attached to the file TO
08/11/2023
 Part-B
(Outcomes after Execution)
Title of the Micro-project: Study of management principles applied to large scale
industries

1.0 Brief description: 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.
2.0 Actual procedure followed:
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 gain 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.

3.0 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

3.0 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

3.1Principles 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…

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.

3. 3 Primary Principles of Production Management in large Scale Industries:

• Shorter set-up times.

By their nature, all set-up processes result in waste; they tie up labour and equipment
without adding value. Training, improved efficiency, and giving workers accountability for
their own set-ups allows to slash the set-up times.

 Empowering employees.

Dividing a workforce into small teams and giving them accountability for housekeeping
and various other tasks has been shown to improve efficiency. Teams are assigned leaders,
and the workers within those teams are trained on maintenance issues-allowing them to
deal with delays in the production process immediately.
  Equipment Maintenance.
Workers on the line are best placed to deal with mechanical breakdowns and subsequent
repairs. They can react to issues quickly and often without supervision, which allows the
production process to restart far more quickly after a shutdown.
• Management skill

Possessing management skill is generally considered a requirement for success. An

effective manager is the manager who is able to master four basic types of skills: technical,
conceptual, interpersonal, and decision making

• Technical skills

These skills are mostly related to working with processes or physical objects. Engineering,
accounting, and computer programming are examples of technical skills. Technical skills
are particularly important for first-line managers and are much less important at the top
managernent level.

The ability to identify a problem or an opportunity, creatively develop alternative

solutions, select an alternative, delegate authority to implementa solution, and

identify of problem in large industries

develop alternate solution

implement problem

evaluate solutions
  How principles are applied in the large scale industry:

1) Providing managers with useful insights into reality:

The principles of management provide the managers with useful insights into real world
situations. Adherence to these principles will add to their knowledge, ability and understanding
of managerial situations and circumstances. It will also enable managers to learn from past
mistakes and conserve time by solving recurring problems quickly. As managerial discretion
is bounded by the principle of contribution to organizational objectives.

2) Scientific decisions:
Decisions must be based on facts, thoughtful and justifiable in terms of the intended
purposes. They must be timely, realistic and subject to measurement and evaluation.
Management principles Help in thoughtful decision-making. They emphasize logic rather than
blind faith Management decisions taken on the basis of principles are free from bias and
prejudice. They are based on the objective assessment of the situation.

3) Meeting changing environment requirements:

Although the principles are in the nature of general guidelines but they are modified and as
s s such help managers to meet changing requirements af the environment. You have already
studied that management principles are flexible to adapt to dynamic business environment.
For example, Management principles emphasize division of work and specialization. In
modern times this principle has been extended to the entire business whereby companies are
specialising in their core competency and divesting non-core businesses.

4) Fulfilling social responsibility:

The increased awareness of the public, forces businesses especially limited companies to fulfil
their social responsibilities. Management theory and management principles have also evolved
in response to these demands. Moreover, the interpretation of the principles also assumes
newer and contemporary meanings with the change in time. So, if any were to talk of 'equity
today, it does not apply to wages alone. Value to the customer, care for the environment,
dealings with business associates would all come under the purview of this principle,
soolcation of this printere find that Public Sector Undertakings have developed entire tow ay,
for emple, BHEL has developed Ranipur in Hardwar (Uttaranchal). One may also cite the story
of Shri Mahila Grina Udyog Lijjat Papad as can be seen in the accompanying box.

5) Management training, education and research:

Principles of management are at the core of management theory. As such these are used as a
basis for management training, education and research. You must be aware that entrance to
management institutes is preceded by management aptitude tests. Do you think that these tests
could have been developed without an understanding of management principles and how they
may be applied in different situations? These principles provide basic groundwork for the
development of management as a discipline. Professional courses such as MBA
4.0 Limits on industrialization

The large-scale industry entered the processing of natural resources, abundant and
cheap in India, with knowledge imported from Britain. Machinery and intermediates
did not develop to a comparable extent because Indian factories could more easily
import than produce such things as electrical machinery, transport equipment, or
heavy and fine chemicals. It could also import foreign technicians. India's import-
reliance on technology and knowledge had weakened, however, by the mid-twentieth
century. Significant changes came only after independence, with protection for the
capital goods industries, and substantial government funding for higher and technical
education

Conclusion

There are various forms of business organizations ranging from a sole proprietorship
to large-scale businesses that operate with over a thousand employees. Based on
the scale of the business, various classifications can be done, such as small scale
industries, big scale industries, public enterprises, and multinational corporations

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