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Importance of Management
Nabin Lamichhane
Lecturer
Purbanchal University
Importances, Principles and Function
of Management
Importance's of Management
• Effective utilization of resources
• Meet the challenges of Change
• Development of Change
• Development of resources
• Problem solving and innovations
• Coordination
• Personality development
Henry Fayol
PRINCIPLES OF MANAGEMENT OR
ADMINISTRATION
1841-1925
Fayolism: Fayol Theory of Management
4
Fayol's Principles of Management or
Administration
1. Division of work
Specialization for all kinds of work to develop expertise.
Tasks should be divided up. Eg. Department of Nursing,
Department of Pharmacy etc.
2. Authority, responsibility and accountability.
3. Discipline:
Proper observance of the rules, regulations, norms,
decorum, manners, code of ethics and respects.
Fayol's Principles of Management or
Administration……
4. Unity of command
One employee one boss.
5. Unity of direction
One plan and one head for a group of activities
having one objective.
6. Subordination of individual interests to general
interest
Narrow selfish interest should overcome or turn to
common and broad interest of the organization for
its welfare. Eg. Collective bargaining (More salary,
More production)
Fayol's Principles of Management or
Administration……
7. Remuneration
Fair policy for payment to the personnel justifying workload, job
hazard, efficiency and quality of performance.
8. Centralization
Some amount of greater and larger authority resting with top level
managers.
9. Scalar Chain of command
There is a link of directional instructions from the top level to the
lowest rank of organizational members in the hierarchy.
10. Order
Proper systematic arrangement of everything (Staffs and materials)
11. Equity
Fair and impartial treatment to all workers irrespective of their jobs.
Fayol's Principles of Management or
Administration……
12. Stability of Tenure of Personnel
Job security to reduce turn over. Eg Bonus,
Insurance
13. Initiative
Encourage subordinate’s initiative
14. Esprit de corps
Union is strength, Team Spirit, sense of
belonging.
Functions of Management……..
POSDCORB
P=Planning
O=Organizing
S= Staffing
D= Directing
Co= Coordinating
R= Reporting
B= Budgeting
Luther Halsey Gulick (1892–1993)
was an expert on public
administration
Notes: Few books write “ POSDCORB” as elements of Administration.
Functions of Management……..
POCCC
P=Planning
O=Organizing
C=Commanding
C= Coordination
C= Controlling
Henary Fayol (1841-1925)
Functions of Management……..
POSLC
P=Planning
O=Organizing
S=Staffing
L= Leading
C= Controlling
Herald Koontz & Heinz Weihrich
Functions of Management……..
GPAOIC
G= Goal Setting
P=Planning
A= Assembling Resources
O= Organizing
I= Implementing
C= Controlling
Fremont E. Kast and James E. Resenzweig
References
• Principles of Management in Nepal, Dr.
Govind Ram Agrawal, MK Publishers, KTM-
2008.
• Nursing Administration, BT Basavanthapa,
JAYPEE -2002 (Reprinted 2003)
• Public Health Administration and Practices,
Sixth edition.

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Importance and functions of management

  • 1. Importance of Management Nabin Lamichhane Lecturer Purbanchal University
  • 2. Importances, Principles and Function of Management
  • 3. Importance's of Management • Effective utilization of resources • Meet the challenges of Change • Development of Change • Development of resources • Problem solving and innovations • Coordination • Personality development
  • 4. Henry Fayol PRINCIPLES OF MANAGEMENT OR ADMINISTRATION 1841-1925 Fayolism: Fayol Theory of Management 4
  • 5. Fayol's Principles of Management or Administration 1. Division of work Specialization for all kinds of work to develop expertise. Tasks should be divided up. Eg. Department of Nursing, Department of Pharmacy etc. 2. Authority, responsibility and accountability. 3. Discipline: Proper observance of the rules, regulations, norms, decorum, manners, code of ethics and respects.
  • 6. Fayol's Principles of Management or Administration…… 4. Unity of command One employee one boss. 5. Unity of direction One plan and one head for a group of activities having one objective. 6. Subordination of individual interests to general interest Narrow selfish interest should overcome or turn to common and broad interest of the organization for its welfare. Eg. Collective bargaining (More salary, More production)
  • 7. Fayol's Principles of Management or Administration…… 7. Remuneration Fair policy for payment to the personnel justifying workload, job hazard, efficiency and quality of performance. 8. Centralization Some amount of greater and larger authority resting with top level managers. 9. Scalar Chain of command There is a link of directional instructions from the top level to the lowest rank of organizational members in the hierarchy. 10. Order Proper systematic arrangement of everything (Staffs and materials) 11. Equity Fair and impartial treatment to all workers irrespective of their jobs.
  • 8. Fayol's Principles of Management or Administration…… 12. Stability of Tenure of Personnel Job security to reduce turn over. Eg Bonus, Insurance 13. Initiative Encourage subordinate’s initiative 14. Esprit de corps Union is strength, Team Spirit, sense of belonging.
  • 9. Functions of Management…….. POSDCORB P=Planning O=Organizing S= Staffing D= Directing Co= Coordinating R= Reporting B= Budgeting Luther Halsey Gulick (1892–1993) was an expert on public administration Notes: Few books write “ POSDCORB” as elements of Administration.
  • 10. Functions of Management…….. POCCC P=Planning O=Organizing C=Commanding C= Coordination C= Controlling Henary Fayol (1841-1925)
  • 11. Functions of Management…….. POSLC P=Planning O=Organizing S=Staffing L= Leading C= Controlling Herald Koontz & Heinz Weihrich
  • 12. Functions of Management…….. GPAOIC G= Goal Setting P=Planning A= Assembling Resources O= Organizing I= Implementing C= Controlling Fremont E. Kast and James E. Resenzweig
  • 13. References • Principles of Management in Nepal, Dr. Govind Ram Agrawal, MK Publishers, KTM- 2008. • Nursing Administration, BT Basavanthapa, JAYPEE -2002 (Reprinted 2003) • Public Health Administration and Practices, Sixth edition.