2. Science, Not Rule of Thumb
Harmony, Not Discord
Mental Revolution
Cooperation, Not Individualism
Division of responsibility
Development of employer and
employees for greater efficiency and
maximum prosperity
3. Work Study: A) Time Study B)
Method Study C) Motion Study D)
Fatigue Study
Standardization of Tools and
Equipments
Scientific Task Setting
Scientific Selection and Training
Functional Organization
Differential Piece Rate Wage Plan
4. ORGANIZING
ORGANIZING IS THE PROCESS OF IDENTIFYING,
BRINGING THE REQUIRED RESOURCES TOGETHER
SUCH AS MEN, MONEY, MATERIAL, MACHINE AND
METHOD, GROUPING AND ARRANGING THEM
PROPERLY FOR ACHIEVING THE OBJECTIVES.
5. IMPORTANCE
HELPS IN OPTIMUM UTILIZATION OFRESOURCES
SCOPE FOR INNOVATION
CREATES SENSE OF SECURITY
HELPFUL FOR GROWTH AND DIVERSIFICATION
HELPS FOR EFFECTIVE ADMINISTRATION
ESTABLISHES COORDINATION
CLARIFIES AUTHORITY AND RESPONSIBILITY
DEFINES THE JOBS PROPERLY
BRINGS SPECIALIZATION
FACILITATES ADMINISTRATION AS WELL AS OPERATION
6. DIRECTING
DIRECTING IS THE SOUL OF MANAGEMENT FUNCTION. IT IS THE
PROCESS OF INSTRUCTING, GUIDING, COMMUNICATING,
INSPIRING, MOTIVATING AND SUPERVISING THE EMPLOYEES TO
ACHIEVE PREDETERMINED GOALS OF AN ORGANIZATION.
7. IMPORTANCE
I - INTEGRATES EFFORTS
I – INCREASE EFFICIENCY LEVEL
M- MEANS OF MOTIVATION
C- COPING WITH THE CHANGES
P- PROVIDES STABILITY
C- CREATE TEAM SPIRIT
I - INITIATE ACTION
C - CREATES TEAM SPIRIT
E - EFFECTIVE UTILIZATION OF RESOURCES
8. COORDINATION
COORDINATION IS THE INTEGRATION AND
SYNCHRONIZATION OF THE EFFORTS OF A GROUP SO AS
TO PROVIDE UNITY OF ACTION FOR ORGANIZATIONAL
GOALS. IT IS A HIDDEN FORCE WHICH BINDS ALL OTHER
FUNCTIONS OF MANAGEMENT.
9. IMPORTANCE
A- ACHIEVE ORGANIZATIONAL OBJECTIVES
I- IMPROVE RELATION
M- MAINTAIN GOODWILL
S – SPECIALIZATION
G- GIVE PROPER DIRECTION
O- OPTIMUM UTILIZATION OF RESOURCES
F- FACILITATE MOTIVATION
U- UNITY OF DIRECTION
E- ENCOURAGE TEAM SPIRIT
L- LEADS HIGHER EFFICIENCY
11. IMPORTANCE
F- FACILITATES COORDINATION
A- ACCURACY OF STANDARDS
M- MAKING EFFECTIVE USE OF RESOURCES
E- ENSURES ORDER AND DISCIPLINE
F- FULFILLING GOALS OF ORGANISATION
A- ACT AS A GUIDE
M- MOTIVATES EMPLOYEES
E- ENSURE ORGANISATION EFFICIENCY
13. START-UP INDIA
START-UP INDIA IS AN INITIATIVE OF THE GOVERNMENT OF INDIA.
IT WAS LAUNCHED IN 2016. IT AIMS AT BUILDING AN ECOSYSTEM
WHICH WILL NURTURE START-UPS IN THE COUNTRY.
TO BRING SUSTAINABLE ECONOMIC GROWTH AND LARGE SCALE
EMPLOYMENT OPPORTUNITIES CAN BE GENERATED.
A START-UP IS DEFINED AS AN ENTITY HAVING ITS
HEADQUARTER IN INDIA, WHICH WAS OPENED with AN ANNUAL
TURNOVER OF LESS THAN RS.100 CRORES.
THE I:MADE PROGRAM, TO HELP INDIAN ENTREPRENEURS TO BUILD
10 LAKH MOBILE APP START-UPS.
THE MUDRA BANK'S SCHEME (PRADHAN MANTRI MUDRA YOJANA)
IS AN INITIATIVE BY INDIAN GOVERNMENT WHICH AIMS TO
PROVIDE MICRO-FINANCE, LOW-INTEREST RATE LOANS TO
ENTREPRENEURS FROM LOW SOCIO-ECONOMIC BACKGROUNDS.
14. • RS.10,000 CRORE STARTUP FUNDING POOL.
• REDUCTION IN PATENT REGISTRATIONFEES.
• IMPROVED BANKRUPTCY CODE, TO ENSURE A 90 DAYS EXITWINDOW.
• FREEDOM FROM MYSTIFYING INSPECTIONS FOR FIRST 3 YEARS OF
OPERATION.
• FREEDOM FROM CAPITAL GAIN TAX FOR FIRST 3 YEARS OF OPERATION.
• FREEDOM FROM TAX FOR FIRST 3 YEARS OFOPERATION.
• SELF-GLORIFICATION COMPLIANCE.
• TOTARGET5LAKHSCHOOLS,ANDINVOLVE10LAKHCHILDRENIN.
INNOVATION-RELATEDPROGRAMS.
• ENCOURAGE ENTREPRENEURSHIP WITHIN THE COUNTRY.
• PROMOTE INDIA ACROSS THE WORLD AS A START-UP HUB.
• BUILT STARTUP OASIS AS RAJASTHAN INCUBATION CENTER
15. START UP INDIA ACTION
PLAN
THE GOVERNMENT OF INDIA HAS ANNOUNCED START UP INDIA
ACTION PLAN THAT FOCUSES ON THE FOLLOWING AREAS:
1) SIMPLIFICATION&HANDHOLDING:HERE,COMPLIANCEPROCEDURES
FOR START-UPS WILL BE MADE EASY. SIMILARLY, IF NECESSARY,
WINDINGUPWILLALSOBEALLOWEDONFASTTRACKBASIS.
2) FUNDING SUPPORT & INCENTIVES: GOVERNMENT WILL PARTICIPATE
IN FUNDING PROCESS INDIRECTLY AS WELL AS TAX EXEMPTIONS WILL
BE ALLOWED IN CAPITALGAIN, INCOME TAX ETC.
3) INDUSTRY - ACADEMIA PARTNERSHIP & INCUBATION: UNDER THIS
INITIATIVE, GOVERNMENT IS PROPOSING TO INTRODUCE START UP
FESTS, TO PROVIDE PRE - INCUBATION TRAINING, TO SET UP
INCUBATORS WITH THE HELP OF PRIVATE SECTOR, TO LAUNCH
INNOVATION FOCUSED PROGRAMS FOR STUDENTSAND SO ON.
16. OBJECTIVES OF THE STAND-UP
INDIA SCHEME
THE OBJECTIVE OF THE STAND-UP INDIA SCHEME IS TO
FACILITATE BANK LOANS BETWEEN RS.10 LAKH AND RS.1
CRORE TO AT LEAST ONE SCHEDULED CASTE (SC) OR
SCHEDULED TRIBE (ST) BORROWER
AT LEAST ONE WOMAN BORROWER PER BANK BRANCH
FOR SETTING UP A GREENFIELD ENTERPRISE. THIS
ENTERPRISE MAY BE IN MANUFACTURING, SERVICES OR
THE TRADING SECTOR.
IN CASE OF NONINDIVIDUAL ENTERPRISES AT LEAST 51 %
OF THE SHAREHOLDING AND CONTROLLING STAKE
SHOULD BE HELD BY EITHER AN SC/ST OR WOMAN
ENTREPRENEUR.
17. ELIGIBILITY
1) SC/ST AND/OR WOMAN ENTREPRENEURS, ABOVE 18
YEARS OF AGE.
2) LOANS UNDER THE SCHEME ARE AVAILABLE FOR
ONLY GREEN FIELD PROJECT.
GREEN FIELD SIGNIFIES, THE FIRST TIME VENTURE OF
THE BENEFICIARY IN THE MANUFACTURING OR SERVICES
OR TRADING SECTOR.
IN CASE OF NON-INDIVIDUAL ENTERPRISES, 51% OF
THE SHAREHOLDING AND CONTROLLING STAKE SHOULD
BE HELD BY EITHER SC/ST AND/OR WOMEN
ENTREPRENEUR.
18. ABOUT STAND-UP INDIA SCHEME
NATURE OF LOAN:
COMPOSITE LOAN (INCLUSIVE OF TERM LOAN AND
WORKING CAPITAL) BETWEEN RS.10 LAKH AND UPTO
RS. 1 CRORE LAKH.
PURPOSE OF LOAN:
FOR SETTING UP A NEW ENTERPRISE IN MANUFACTURING,
TRADING OR SERVICES SECTOR BY SC/ST/WOMEN ENTREPRENEUR.
SIZE OF LOAN:
COMPOSITE LOAN OF 75% OF THE PROJECT COST INCLUSIVE OF
TERM LOAN AND WORKING CAPITAL. HOWEVER, IT WILL NOT BE
APPLICABLE IF THE BORROWER'S CONTRIBUTION ALONG WITH
CONVERGENCE SUPPORT FROM ANY OTHER SCHEME EXCEEDS 25%
OF THE PROJECT COST.
19. ABOUT STAND-UP INDIA SCHEME
INTEREST RATE:
THE RATE OF INTEREST WOULD BE LOWEST APPLICABLE RATE OF
THE BANK FOR THAT CATEGORY (RATING CATEGORY) NOT TO
EXCEED (BASE RATE (MCLR) + 3%+ TENOR PREMIUM).
SECURITY:
BESIDES PRIMARY SECURITY, THE LOAN MAY BE SECURED BY
COLLATERAL SECURITY OR GUARANTEE OF CREDIT GUARANTEE
FUND SCHEME FOR STAND-UP INDIA LOANS (CGFSIL) AS DECIDED BY
THE BANKS.
REPAYMENT:
THE LOAN IS REPAYABLE IN 7 YEARS WITH A MAXIMUM
MORATORIUM PERIOD OF 18 MONTHS.
20. ABOUT STAND-UP INDIA SCHEME
WORKING CAPITAL:
FOR WITHDRAWAL OF WORKING CAPITAL UPTO 10 LAKH, THE SAME
MAY BE SANCTIONED BY WAY OF OVERDRAFT. RUPAY DEBIT CARD
TO BE ISSUED FOR CONVENIENCE OF THE BORROWER. WORKING
CAPITAL LIMIT ABOVE 10 LAKH TO BE SANCTIONED BY WAY OF
CASH CREDIT LIMIT.
MARGIN MONEY:
THE SCHEME ENVISAGES 25% MARGIN MONEY WHICH CAN BE
PROVIDED IN CONVERGENCE WITH ELIGIBLE CENTRAL/STATE
SCHEMES.
21. AGRO TOURISM (RURAL
TOURISM):
NEW APPROACH TOWARDS
ENTREPRENEURSHIP
AGRO TOURISM OFFERS TOURISTS A CHANCE TO RECONNECT WITH THE LAND
AND PROVIDES A "HANDS ON EXPERIENCE" WITH LOCAL FOODS.
AGRITOURISM ACTIVITIES INCLUDE PICKING FRUITS, TENDING BEES, MILKING
COWS AND OTHER EDUCATIONAL PURSUITS.
AGRITOURISM FOCUSES ON TRAVEL THAT IS EMPOWERING TO LOCAL
COMMUNITIES, BOTH SOCIALLY AND ECONOMICALLY.
DEFINITION:
AGRITOURISM IS "A COMMERCIAL ENTERPRISE AT A WORKING FARM, RANCH,
OR AGRICULTURAL PLANT CONDUCTED FOR THE ENJOYMENT OF VISITORS THAT
GENERATES SUPPLEMENT INCOME FOR THE OWNER."
22. ACTIVITIES IN AGRO TOURISM:
AGRITOURISM AND NATURE-TOURISM ENTERPRISES MIGHT
INCLUDE:
• OUTDOOR RECREATION (TREKKING, FISHING, HUNTING, WILDLIFE
STUDY, HORSEBACK RIDING).
• EDUCATIONALEXPERIENCES(FARMINGEXPERIENCESLIKERICE
PLANTATION,COOKING EXPERIENCEON CHULHA).
• ENTERTAINMENT (HARVEST FESTIVALS LIKE 'HURDA PARTY' IN
MAHARASHTRA).
• HOSPITALITY SERVICES (FARM STAYS, GUIDED TOURS OR
OUTFITTER SERVICES).
• ON-FARM DIRECT SALES (U-PICK OPERATIONS OR ROADSIDE
STANDS).
26. PRINCIPLES OF INSURANCE
UTMOST GOOD
FAITH
INSURABLE
INTEREST
INDEMINITY
SUBROGATION CONTRIBUTION
CAUSA
PROXIMA
MITIGATION OF
LOSS
27. ⚫Time Policy: This is designed to give cover
for some specific period of time.
⚫Voyage Policy: This is a policy in which the
limits of the risks are determined by place of
particular voyage.
⚫Mixed Policy: A mixed policy is blend of
time policy and voyage policy.
28. Valued Policy: A type of insurance coverage that places
a specific value on the insured property. A valued
marine policy pays up to, the specified value in the
event of a total loss.
Fleet Policy: When a single policy is taken for a
group of vessels, the policy is known as a fleet policy.
29. Floating Policy:
An ‘open policy’ is also known as ‘floating policy’. It
is issued for a long duration and all consignments sent
during the period are covered by the insurer’s.
The rates are fixed in advance the assured has to
declare the nature of each shipment and the cover is
provided to all the shipments the assured needs to
deposit a premium for the estimated value of the
consignment during the policy period.
30. Blanket Policy:
• In such a policy the type of the goods and the
geographical boundaries have been informed.
• Under this policy the amount is indemnified for a fixed
time period to the insured.
• The policy is taken to cover losses within the particular
time and place.
• The policy is taken for a certain amount and premium is
paid on the whole of it in the beginning of the policy and is
re-adjusted at the end of the policy according to the
actual amount at risk.
32. Principles of management are flexible in nature.
Principles of management are the statements of fundamental truth which
act as guidelines for managerial decision-making and action. They
establish cause and effect relationships. They are evolved through
observation, analysis, and experiments.
Principles of management although fundamental, are not rigid. They are
flexible in nature in the sense they can be changed or modified according to
the situation and requirements of the organization. Managers can change
these principles to suit the requirements of the organization.
Principles of management are flexible guidelines providing ample scope for
making changes according to the nature of the enterprise, its size,
competitive situation, etc. For instance, in the context of the present
business scenario, in many places, the 'family management has been
substituted by professional management.
The modern business world is dynamic. The situations in a business
enterprise keep on changing continuously. No two circumstances are
identical. Principles of management can be changed, adjusted or modified,
and used in the enterprise as per its changing needs and requirements. By
identifying problems of business changes will be accepted.
Meaning
Introduction
Importance
Conclusion
