1.
Meaning
•The principles of
management are broad
and general guidelines for
the managerial decision
making and action.

2.
• FEATURES OF PRINCIPLES OF
MANAGEMENT

3.
• Universal applicability
The principles of management are applicable to all types and size of
organization.

4.
• General guidelines
The principles are guidelines to action but do not provide readymade solution to
all managerial problems as the real business situation are very complex.

5.
• Formed by practice and experimentation
The principles of management are formed by the management
experts through observation and tested through repeated
experimentation.

6.
• Flexible
The principles of management are not rigid. They are flexible and can
be modified by the manager as per the given situation so as to achieve
the desired goals.

7.
• Mainly behavioural
The principles of management aims at influencing behavior of
human being in a desired manner.

8.
• Cause and effect relationship
The principles of management seek to establish relationship
between cause and effect so that they can be used in similar
situation.

9.
• Contingent
The application of principles of management is contigent or
dependent upon the prevailing situation at a particular point of time.

10.
SIGNIFICANCE
OF PRINCIPLES
OF
MANAGEMENT

11.
• Provide managers with useful insight into
real world
Principles of management help to provide managers with useful
understanding of real-world situation, enable them to learn from
past and solving problems quickly.

12.
• Optimum utilisation of resources
They ensure optimum utilisation of resources and effective
administration as the principles focuses on scientific work and
reduces personal biases.

13.
• Scientific decisions
They facilitate scientific decision making as they
emphasize on logical thinking rather than blind faith.

14.
• Helps in meeting changing
environmental requirements
They help to meet the changing requirements of the
environment to the best advantage of an organization.

15.
• Social responsibility
Principles of management also guide managers in
fulfilling social responsibility of an organization.

16.
• Basis for management training, education
and research
Principles of management helps in increasing knowledge which is
used as the basis for management training, education and research.

17.
ANSWER THE FOLLOWING QUESTIONS
1.What do you mean by ‘Principles of Management ’?
2.Name the feature of principles of management in
which the managers seek to 'establish relationship
between cause and effect'?
3.What it means "to provide managers with useful
insight into real world"?

18.
Principles of Henry Fayol

19.
Glimpses of henry fayol’s life

20.
Henry fayol

21.
1. Division of work
Work should be divided in smaller parts and
specific task should be given to one person
according to their capability, qualification and
experience.
According to this principle there should be a
division of work for all type of work which is
done in an organization.

22.
• Authority and responsibility
Authority means power to take
decisions whereas responsibility
refers to obligation to complete the
work on time.
According to this principle there
should be a balance between
authority and responsibility.

23.
• Discipline
According to this principle there
should be a proper discipline at all
the levels of management.

24.
• Unity of command
Command refers to giving
instructions for works.
According to this principle an
employee should receive orders
from one boss/superior to avoid any
confusion.

25.
• Unity of direction
According to this principle one
unit means one plan. All the
efforts of all the members or
organization must be directed
towards one direction which is
achievement of common goal.

26.
• Subordination of individuals interest to general interest
According to this principle the
interest of organization must
supersede the interest of
individuals.
Supersede – be superior to.

27.
• Remuneration to employees
According to this principle,
employees in the
organization must be paid
fairly to give them
maximum satisfaction.

28.
• Centralisation and Decentralisation
Centralisation refers to concentration of
authority at top level whereas Decentralisation
refers to evenly distribution of power at every
level of management.
According to this principle there must be a
combination between centralisation and
decentralisation depending upon the nature and
size of organization.

29.
• Principle of scalar chain
Scalar chain means line of authority
from higher to lower level.
According to this principle scalar
chain must be followed strictly. But In
the time of emergency employees can
communicate directly, it is also known
as gang plank.

30.
• Principle of order
According to this principle
there must be a fixed place in
the organization for everything
used in the organization and
for everyone. There should be
a proper order.

31.
• Principle of equity
According to this principle there should be
kindness and justice in the behavior of
manager towards workers. This will ensure
loyalty and devotion.
There should be no discrimination against
anyone on the basis of their gender identity,
skin color, taste, religion, caste and etc.

32.
• Stability of personnel
According to this principle ,there
must be a feeling of job security
among employees because with
the feeling of insecurity of job they
could not contribute their maximum.

33.
• Initiative
Initiative means taking the first step with
self-motivation .
According to this principle employees must
be given an opportunity to take some
initiative in making the plans.

34.
• EspIrit de corps
• This principle states that the
management must encourage and
promote team spirit, unity and
harmony.

35.
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