Description
Write 9 pages essay on principles of management giving illustarations and industry examples.
Explanation & Answer
Attached.
Principles of Management Revision Article Series
Planning, Organizing, Staffing, Leading and Controlling - Functions of Management.
Harold Koontz and Cyril O’Donnell, in their book, Principles of Management: An Analysis of
Managerial Functions, clearly described the principles to be used in performing various functions
of management.
Harold Koontz and Cyril O’Donnell, in their book, Principles of Management: An Analysis of
Managerial Functions, clearly described the principles to be used in performing various functions
of management.
Managers have to set in a procedure to revise these principles periodically so that they can
recollect the relevant principles when performing the managerial tasks and explicitly consider the
relevance and application of these principles in their practice.
Many of us use them implicitly. But a professionally educated and trained manager must use
them explicitly. He has to ensure that these principles are applied and if any exceptional situation
is there, managers should ignore the principles consciously and be clear in their mind they chose
not to use them due to the exceptional nature of the situation.
The need for Principles of Management
To Increase Efficiency
To Crystallize the Nature of Management
To Improve Research
To Attain Social Goals
Principles of Planning
Related to Purpose and nature
Principle of contribution to objectives
Every plan has to contribute positively toward the accomplishment of enterprise
objectives.
Principle of efficiency of plans
Efficiency is measured by the contribution of the plan to objectives of the enterprise minus
the costs and unsought for consequences in formulating and implementing the plan.
Principle of primacy of planning
Planning is the primary prerequisite for all other functions of management. Every action of
the manager follows a planning step.
Principles Applicable to Structure of plans
Principle of planning premises
If more people in an organization use common and consistent planning premises, the
enterprise planning will be more coordinated.
Principle of policy framework
If more policies, appropriate to the organization, are expressed in clear terms and form and
if managers understand them, the plans of the enterprise will be more consistent.
Principle of timing
If plans are structured to provide a network of derivatives plans in sequence, there will be
more effectiveness in attainment of enterprise objectives.
Principles Applicable to Process of Planning
Principle of alternatives
Select the plan which is the most effective and the most efficient to the attainment of a
desired goal.
Principle of limiting factor
Consider...
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