MANAGEMENT

What is management?
• Management is a distinct process of
Planning, Organizing, Staffing, Directing, and
Controlling performed to determine and
accomplish stated objectives by the use of
human and other business resources.
Functions of
Management
Planning
• Planning is deciding in advance - what to do,
when to do & how to do it
Organizing
• It is
Staffing
• It is
Directing
• It is w
Controlling
• It is
14 Principles of
Management
 Division of Labor
• Dividing work to different workers according
to their skills
 Authority
• The power to give orders or command
someone
Discipline
• Willingness to obey rules or orders and the
respect of authority
Unity of Command
• When there's only one person who gives
commands
 Unity in Direction
• When all the employees have the same goals or
objectives
 Suburdination of Personal Interest to the
interest of the organization
• The management must put aside personal
considerations and put company objectives first
Initiative
• When you do something before someone
even telling you to do it
Esprit de Corps/Team Spirit
• This is necessary to develop trust and to
finish work in time
Equity
• It is the equal treatment on all of the
employees
Order
• Order ensures safety and efficiency in the
workplace
Scalar Chain
• The chain of superiors ranging from top
management to the lowest rank.
Centralization
• Concentration of decision making at the top
management
Renumeration
• Workers must be payed sufficiently
Stability of Tenure
• It means that personnel must not frequently
enter and exit the organization.