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CHAPTER 1 :-MANAGEMENT PRINCIPAL AND APPLICATION
University of mysore
Govt. First Grade College ,Alur
2021-22
Seminar
Subject:Management Principle and Application
Topic:Evaluation of Management
Submitted By,
Charithra H.S
1st B.com
Govt.First Grade College, Alur.
Submitted To,
Vinay A.S Sir
Commerce Lecturer
Govt.First Grade College ,Alur.
EVALUATION OF THE
THEORY
 Focus on organization efficiency through satisfaction of social and psychological
need of the workers
 Participative management is the better than authoritarian management
 Design of theory :social needs are secondary to pschological needs
 Analysis of the theory : group dynamics may not be as important as emphsized
upon
Henri fayol a French industrialist is now recognized as the father of
modern management.in year 1916 fayol wrote a book "INDUSTRIAL
AND GENERAL ADMINISTRATION" in this book he gave the 14 principle
of management this 14 principle of management are universally
accepted and used even today according to henri fayol all maneger
must follow this 14 principle
Henri fayols
14 principal of manegment
Henri fayols 14 principles of management
1. Division of work
2. Authority and responsibility
3. Discipline
4. Unity of command
5. Subordination of individual interest to the general interest
6. Remuneration
7. Centralization
8. Scalar chain
9. Order
10. Equity
11. Initiative
12. Stability of tenure of personnel
13. Aspirin dead corps
DIVISION OF WORK
 work should be divided
amoung individuals and
groups to ensure that effort
and attention are forced on
the special portions of the
task
 Fayol presented work
specialization as the best way
to use the human resources
of organization
AUTHORITY AND RESPONSIBILITY
 The concepts of authority and
responsibility are closely
related
 Authority was defined by
fayol as the right to give order
and the power to exact
obidience
DISCIPLINE
 A successful organization
requires common effort of
workers.
 Penaties should be applied
judiciously to encourage this
common effort.
UNITY OF COMMAND
 Worker shold receive order
from only one maneger
UNITY OF DIRECTION
 The entire organization
should be moving towards a
common objective in
common direction
SUBORDINATION OF INDIVIDUAL INTREST TO
THE GENERAL INTEREST
 Then interests of one person
should not take priority over
the interest of the
organization as the whole.
REMUNERATION
 Many variables such as cost
of living supply of qualified
personnel general business
condition and success of the
business should be
considered in determining a
workers rate of pay.
CENTRALIZATION
 Fayol defined centralization as
lowering the importance of
the subordinate role.
SCALAR CHAIN
 Lower level managers should
always keep upper level
maneger informed of their
work activity
ORDER
 For the sake of efficiency and
co-ordination all material and
people related to a specific
kind of work should be
treated as equally as possible
EQUITY
 All employees should be
treated as equally as possible
STABILITY OF TENURE OF PERSONNEL
 Retaining productive
employees should always be
a high priority of
management
INITIATIVE
 Manegment should take steps
to encourage worker initiative
which is defined as new or
auditional work activity
undertaken through self
direction.
ESPRIT DE CORPS
 Management should
encourage harmony and
general good feelings amount
employees.
PRESENTED BY
CHARITRA H S

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Chari

  • 1. CHAPTER 1 :-MANAGEMENT PRINCIPAL AND APPLICATION
  • 2. University of mysore Govt. First Grade College ,Alur 2021-22 Seminar Subject:Management Principle and Application Topic:Evaluation of Management Submitted By, Charithra H.S 1st B.com Govt.First Grade College, Alur. Submitted To, Vinay A.S Sir Commerce Lecturer Govt.First Grade College ,Alur.
  • 3. EVALUATION OF THE THEORY  Focus on organization efficiency through satisfaction of social and psychological need of the workers  Participative management is the better than authoritarian management  Design of theory :social needs are secondary to pschological needs  Analysis of the theory : group dynamics may not be as important as emphsized upon
  • 4. Henri fayol a French industrialist is now recognized as the father of modern management.in year 1916 fayol wrote a book "INDUSTRIAL AND GENERAL ADMINISTRATION" in this book he gave the 14 principle of management this 14 principle of management are universally accepted and used even today according to henri fayol all maneger must follow this 14 principle
  • 6. Henri fayols 14 principles of management 1. Division of work 2. Authority and responsibility 3. Discipline 4. Unity of command 5. Subordination of individual interest to the general interest 6. Remuneration 7. Centralization 8. Scalar chain 9. Order 10. Equity 11. Initiative 12. Stability of tenure of personnel 13. Aspirin dead corps
  • 7. DIVISION OF WORK  work should be divided amoung individuals and groups to ensure that effort and attention are forced on the special portions of the task  Fayol presented work specialization as the best way to use the human resources of organization
  • 8. AUTHORITY AND RESPONSIBILITY  The concepts of authority and responsibility are closely related  Authority was defined by fayol as the right to give order and the power to exact obidience
  • 9. DISCIPLINE  A successful organization requires common effort of workers.  Penaties should be applied judiciously to encourage this common effort.
  • 10. UNITY OF COMMAND  Worker shold receive order from only one maneger
  • 11. UNITY OF DIRECTION  The entire organization should be moving towards a common objective in common direction
  • 12. SUBORDINATION OF INDIVIDUAL INTREST TO THE GENERAL INTEREST  Then interests of one person should not take priority over the interest of the organization as the whole.
  • 13. REMUNERATION  Many variables such as cost of living supply of qualified personnel general business condition and success of the business should be considered in determining a workers rate of pay.
  • 14. CENTRALIZATION  Fayol defined centralization as lowering the importance of the subordinate role.
  • 15. SCALAR CHAIN  Lower level managers should always keep upper level maneger informed of their work activity
  • 16. ORDER  For the sake of efficiency and co-ordination all material and people related to a specific kind of work should be treated as equally as possible
  • 17. EQUITY  All employees should be treated as equally as possible
  • 18. STABILITY OF TENURE OF PERSONNEL  Retaining productive employees should always be a high priority of management
  • 19. INITIATIVE  Manegment should take steps to encourage worker initiative which is defined as new or auditional work activity undertaken through self direction.
  • 20. ESPRIT DE CORPS  Management should encourage harmony and general good feelings amount employees.