This File is on topic Management Thinksers Made By me :D

1. MANAGEMENT THINKERS
Presented By :
Km. Archana
B.B.A Ist Year

2. MEANING OF MANAGEMENT
 Management (or managing) is the administration of
an organization, whether it is a business, a not-for-profit
organization, or government body. Management includes the
activities of setting the strategy of an organization and
coordinating the efforts of its employees (or of volunteers) to
accomplish its objectives through the application of
available resources, such as financial, natural, technological,
and human resources.
 Many thinkers have describe management in their ways by
providing the constitutions towards it here are some.

3. HENRY FAYOL’S PRINCIPLES
 Division of work - The division of work is the course of tasks assigned
to, and completed by, a group of workers in order to increase efficiency.
Division of work, which is also known as division of labour, is the
breaking down of a job so as to have a number of different tasks that
make up the whole.
 Authority and Responsibility - Authority is the right to give orders and
obtain obedience, and responsibility is the corollary of authority.
 Discipline - Employees must obey and respect the rules that govern the
organization. Good discipline is the result of effective leadership.
 Unity of command - Every employee should receive orders from only
one superior or behalf of the superior.
 Unity of direction - Each group of organizational activities that have the
same objective should be directed by one manager using one plan for
achievement of one common goal.

4.  Subordination - The interests of any one employee or group of
employees should not take precedence over the interests of the
organization as a whole.
 Remuneration - All Workers must be paid a fair wage for their
services.
 Centralisation and decentralisation - Centralisation refers to the
degree to which subordinates are involved in decision making.
 Scalar chain - The line of authority from top management to the
lowest ranks represents the scalar chain. Communications should
follow this chain.
 Order - this principle is concerned with systematic arrangement of
men, machine, material etc. There should be a specific place for
every employee in an organization
 Equity - Managers should be kind and fair to their subordinates.
 Stability of tenure of personnel - High employee turnover is inefficient.
Management should provide orderly personnel planning and ensure
that replacements are available to fill vacancies.
 Initiative - Employees who are allowed to originate and carry out
plans will exert high levels of effort.
 Esprit de corps - Promoting team spirit will build harmony and unity
within the organization.

5. F.W. TAYLOR PRINCIPLES
 Replace rule-of-thumb work methods with methods based on a
scientific study of the tasks.
 Scientifically select, train, and develop each employee rather than
passively leaving them to train themselves.
 Provide "Detailed instruction and supervision of each worker in the
performance of that worker's discrete task" (Montgomery 1997: 250).
 Divide work nearly equally between managers and workers, so that
the managers apply scientific management principles to planning the
work and the workers actually perform the tasks.

6. MASLOW’S THEORY
 Theory Of Personality – Maslow said that human beings
strive for self actualization or realization of their full potential
once they have satisfied their more basic needs. He has also
provided his own account of healthy human personality.
 Theory of Motivation - Maslow proposed that motivation is
the result of a person’s attempt at fulfilling Five basic needs
Psychological, Safety, Social, Esteem and Self Actualization.
 Theory Of Needs :-
 Psychological Needs – The need to eat, the need to drink, the
need to shelter, etc.
 Belonging Needs – The need to feel part of group, the need
for acceptance.
 Self esteemed Needs – The need to feel good about
themselves.
 Self Realization Needs – The needs for personal fulfillment.

7. ELTON MAYO’S MANAGEMENT THEORY
 Elton Mayo contribution to management theory helped pave
the way from modern human relations management methods.
Mayo management theory states that employees are
motivated more by relational factors rather than by monetary
rewards.
 Contributions :-
 Groups with low norms and low cohesiveness are ineffective;
they have no impact, since none of the members are
motivated to excel, according to Mayo's theory.
 Groups with low norms and high cohesiveness have a
negative impact, since fellow members encourage negative
behavior (e.g., gangs).
 Groups with high norms and low cohesiveness have some
degree of positive impact through individual member
accomplishments.
 Groups with high norms and high cohesiveness have the
greatest positive impact, Mayo's theory predicts, since group
members encourage one another to excel.

8. INDIAN MANAGEMENT THINKERS
 G.D. Birla
 J.R.D. Birla