1. PRINCIPAL OF MANAGEMENT

2. Principles of Management

3. • Concept of Management
• Definitions of Management
• Management Vs. Administration
• Management Process
• Principles of Scientific Management
• Principles of Modern Management
Synopsis

4. Management is a set of principles relating to the functions of
planning, organizing, directing and controlling, and the application of
these principles in harnessing physical, financial, human, and
informational resources efficiently and effectively to achieve
organizational goals.

5. Concept of Management
• Body of Knowledge
• Management Tools
• Separate Discipline
• Specialization
• Code of Conduct
• Professional Association

6. Definitions
• “To manage is to forecast, to plan, to organise,
to command, to co-ordinate and to control.” —
Henry Fayol.
• “Management is a multipurpose organ that
manages a business and manages manager, and
manages worker and work.”— Peter F.
Drucker:

7. MANAGEMENT ADMINISTRATION
An organized way of managing people
and things of a business organization is
called the Management.
The process of administering an
organization by a group of people is
known as the Administration.
Middle and Lower Level Top level
Policy Implementation Policy Formulation
BASIS FOR COMPARISON

8. Management Process
• Management is Co-Ordination
• Management is a Process
• Management is a Purposive Process
• Management is a Social Process
• Management is a Cyclical Process

10. Principles of Modern Management
• Division of Work
• Authority and Responsibility
• Discipline
• Unity of Command
• Unity of Direction
• Subordination of Individual Interest to Mutual Interest
• Remuneration
• Line of Authority/Scalar Chain
• Equity:

14. QUESTIONS
• Define the term management
• Explain the management process in detail.
• Describe the principles of scientific management.
• Explain the principles of modern management.