Management is a universal phenomenon. It is a very popular and widely used term. All organizations – business, political, cultural...
As a process, management refers to a series of inter-related functions. It is the process by which management creates, operates...
Like various other activities performed by human beings such as writing, playing, eating, cooking etc, management is also an activity...
Management as a discipline refers to that branch of knowledge which is connected to study of principles & practices of...
Management as a group refers to all those persons who perform the task of managing an enterprise. When we say...
Science is a systematic body of knowledge pertaining to a specific field of study that contains general facts which explains...
Art implies application of knowledge & skill to trying about desired results. An art may be defined as personalized application...
Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition...
Management is an activity concerned with guiding human and physical resources such that organizational goals can be achieved. Nature of...
The term “Levels of Management” refers to a line of demarcation between various managerial positions in an organization. The number...
The main objectives of management are: Getting Maximum Results with Minimum Efforts – The main objective of management is to...
It helps in Achieving Group Goals – It arranges the factors of production, assembles and organizes the resources, integrates the...
According to Theo Haimann, “Administration means overall determination of policies, setting of major objectives, the identification of general purposes and...
Management has been described as a social process involving responsibility for economical and effective planning & regulation of operation of...
Co-ordination is the unification, integration, synchronization of the efforts of group members so as to provide unity of action in...
Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation...
A principle refers to a fundamental truth. It establishes cause and effect relationship between two or more variables under given...
Principles of Management are Universal Management principles are applicable to all kinds of organizations – business & non business. They...
Following are the main importance of the Principles of Management. Improves Understanding. Direction for Training of Managers. Role of Management....
Planning The vision of the Coca-Cola Corporation is to become the biggest and the best anchor bottler in the world...
Fredrick Winslow Taylor ( March 20, 1856 – March 21, 1915) commonly known as ’Father of Scientific Management’ started his...
Development of Science for each part of men’s job (replacement of rule of thumb) This principle suggests that work assigned...
Time Study It is a technique which enables the manager to ascertain standard time taken for performing a specified job....
Although it is accepted that the scientific management enables the management to put resources to its best possible use and...
Both the persons have contributed to development of science of management. The contribution of these two pioneers in the field...