Management

Management

Definition of Management

Henri Fayol stated “to manage is to forecast and to plan, to organize, to command, to co-ordinate and to control.” Depth behind definition:to manage is not a simple thing in this firstly we forecast the business and then we manage the planning of the business,it also cover the how to organize the business and who will manage it, next is command is which is most important part of the management without which we can’t direct anything and any person in the organization,last coordinate and control work together if there is a proper coordination between the business worker employees, employer, owners etc. Then they can easily control the activities of the business and risk also. So management covers the whole things which is specifically important for the business to work for long term.

MANAGEMENT

   Management is the managerial

activity which is related with planning and controlling of the firm’s /business resources.

Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees.

Ø    Management is a set of principles relating with planning ,organizing,controlling ,directing and coordinating with employees and employers to achieve their business plan and to proof good management of that business/firm.

Ø    Under the management firstly when a group of persons start a business foremost work is to planning strategies about work in the business i.e;find the correct location for start the business where the raw material for business easily available ,,,,environment is also effect the business etc.

After planning then they organize their work according to planning ,settle the plant and machinery for planned business. Then we collect the raw material,  equipments(men,material ,money)etc.Then the supervisor or higher authority ,maintain control on work or workers .After this work higher authority directs to the lower authority for complete work with effective and efficient way and direct for the incomplete work.

The main aim of Management is to complete work with coordination and to achieve goals and targets within the specified time.

INTRODUCTION ABOUT PRINCIPLES OF MANAGEMENT

 managing the business is very complex  natured job. without the guidelines a manager can't perform his task which is assigned to him.  different management thinker suggested different principle to ensure smooth working in the business. principle is an essential key part which explain and describe the various relationship of different set of variable under a given situation. Principles are the guidelines which is necessary to do a job and it provide direction to manager for managing the business. principle provide guidelines to do work in the business in efficient ,in effective and in Unique way. principles are flexible by nature, universally acceptable, helpful in decision making , influence human behaviour  , increases manager efficiency , guide to do researches in management , attain the social goals,  integrate the various sources which is required for doing a business and achieving specified   goal .

 

# Henry fayol's principle of management

$ introduction:  henry Fayol is a  father of Management. he developed a general theory of Management. henri Fayol provide the guidelines administer the industry and businesses. is a major contribution towards the management thought can be classified under three broad heads:

1: business activities =  like technical activities ,   commercial activities ,  financial activities, ,security activities, 

 accounting activities .

 all this activities cover the business which is required for managing the for long period.

2:  functions of Management=  planning, organising ,commanding/ communication, staffing ,  coordinating and controlling.

 all these functions are necessary for managing the   small to large business .    all these functions are followed by manager step by step for achieving    company's  specified task and targets.

3: general principles of management=

 the 14 principles are suggested by henry

 Fayol,  which is listed as follow

@ division of work: this principle  describe that total work should be divided in to sub part and than  should be assigned to most suitable person who have knowledge about  delegated work.  according to henry Fayol" the worker on the same post, the manager always concerned with the same matters ,  acquire an ability, sureness and accuracy which increases their output".  this  definition explain that the workers should  be  assigned to the his known knowledge work in the company,  manager always  know about the worker and  assigned work to workers,   for this division of work increase the accuracy, ability and output of the business.

@  authority and responsibility=  according to fyol "  authority and responsibility should be essential counterpart of each other and they should go hand in hand". authority is a right of the superior aur manager to give order to his worker  and subordinates regarding the specified  work  matters. according to this definition  authority and responsibility work together because without proper authority we can't give any order to any photo in the company and without proper responsibility  delegation we can't perform are work of direction. authority without responsibility  will lead to irresponsible behaviour wild responsibility without authority make the person ineffective.

¤ authorities means right to command, where responsibility means obligation to perform the assigned task,authority can be delegated but responsibility can't. authority work downward from top to bottom and responsibility work upword from bottom to top.¤

  so proper delegation of authority and responsibility is important part of the manager role  in the management of the business.

@  discipline: discipline is the practice of making people obey rules for standard of behaviour and punishing them when the they do not  obey the rules. it is a quality of being Rebel 2 and worked in a controlled way.

 according to  Henry fayol" discipline is what leader make it" that mean quality of discipline depend upon the quality of leader who lead the whole work of the business. for smooth running of the business discipline is must because without discipline   supervisor cannot supervise the whole work which he assigned to the subordinates.

 Henry fyol says that" discipline is an   essence obedience, application, energy, behaviour and other word respect shown by the employees"

  if human is not disciplined about his work then manager should punish them with  money Penalty because human nature is very concern about his money so with this way a manager can lead his workforce in discipline way if they are not working according to his Guidance. fine will help in discipline for proper working . what sometimes chose and confusion, delay of work and wastage of resources is there.

@  unity of command: according to this principle ,  command is a direction which is superior give  to his subordinates ,  this principle guide that there is a one subordinate and one boss,  Boss should be responsible about his  responsibility  and  subordinate should receive orders from  one superior only. it avoid conflict and confusion, and make discipline in the working area. 

@ unity of direction according to this principle all the efforts of the members  should be directed towards the achievement of one common objective. this principle is related to functioning of enterprise not the people. according to henri Fayol" one head and one plan of activities having some objective" it enabled the coordination of individual efforts and fulfill the organisation target.

@ fair remuneration of employees: