The Principles of Management Concept
The fundamental notion of the management concept was first introduced by French management theorist Henri Fayol, who lived from 1841 to 1925. Fayol credited his work with a framework that has since undergone many changes. The POLCC framework was originally published in General and Industrial Management, which was later adopted by the Institute of Electrical and Electronics Engineering. The principle of unity of command refers to an organization’s hierarchy in which individuals answer only to one manager.
Organization is a critical aspect of management. It is the process of planning, grouping people and assigning tasks to make sure the mission is completed. A management hierarchy is the basis for carrying out this function. The principles of management concept advocate teamwork. A well-organized organization has clearly defined responsibilities and obligations to all its teams, regardless of their position in the hierarchy. Ultimately, this will ensure that everyone in the organization is working toward the same goal.
A good management system will achieve goals in a cost-effective manner, while ensuring that employees are motivated to achieve them. An efficient management process should be able to achieve its goals and do so on time and with the minimum amount of resources. A flyover constructed in two years cost about a thousand crores, but was completed on time and within budget. The principles of management are very important and should be followed by all managers to ensure smooth operation of an organization.
The principles of management are general guidelines and apply to all types of organizations. These principles are based on experiences of managers and do not offer “one size fits all” solutions to every managerial problem. Managers can adjust the principles based on their own circumstances and the needs of their team members. The principles of management provide an objective framework for making decisions, free of bias and emotion. The principles of management are a powerful guide in decision-making, whether in small or large organizations.
In order for an organization to function properly, managers must establish rules that will ensure a culture of discipline. This includes good supervision and impartial judgment. The principles of management help employees work together to achieve common goals while avoiding confusion and conflict. The principles of management also ensure that managers can get the best out of their employees. And as long as there is harmony, workers will be motivated and the company will succeed. There are several more principles of management, but these are the basics.
One of the most fundamental concepts of management is the idea that the organisation is a system. Each employee has a job to do and the manager is responsible for it. As a result, the individual will work towards the same goal, and the collective will achieve it. The manager is unable to touch the resources used in management, but can only observe their effectiveness through their ability to satisfy stakeholders. Every decision the manager makes should be based on the objectives of the organisation.