Features of principles of management
- 2. MEANING OF MANAGEMENT Manage come form the Italian word “ Maneggiare” means to handle Maneggiare is further derived from two Latin words “Manus” – Hand and “Agere” – To act Mary Parker Follet “ Management is an art of getting things done through others” Henry Fayol “ To Manage is to forecast and plan, to organise, to command, to cordinate and to control”
- 3. Management is the way something is handled, careful treatment, supervising skills, or those in charge of a business or group. An example of management is how a person handles their personal finances. An example of management is how a skillful supervisor handles a difficult situation. An example of management is the CEO of the organization.
- 4. PRINCIPLES OF MANAGEMENT Management is based on certain principles. Principle is A FUNDAMENTAL truth, a law or a rule based on practical experience. In simple words, techniques or systems which give one DIRECTIONAL result ARE CALLED AS principles. These principles ARE UNIVERSAL AND APPLICABLE everywhere. Due to the BASIS of principles, MANAGERS need not to work on TRIAL AND Error BASIS.
- 5. NATURE/ FEATURES OF PRINCIPLES OF MANAGEMENT UNIVERSAL APPLICATION GENERAL guidelines Principles ARE formed by PRACTICE AND experiments Flexibility BEHAVIORAL in NATURE CAUSE AND effect RELATIONSHIP All principles ARE of EQUAL IMPORTANCE