Please enable JavaScript.
Coggle requires JavaScript to display documents.
Ch 10: Fundamentals of Management (10.8: General Principles of Mgmt…
Ch 10: Fundamentals of Management
10.1: Meaning of Management
10.1.2: Objective of Mgmt
Optimum Utilisation of Resources
Increase in Productivity of All Factors of Production
Fair Return on Capital
Create Goodwill
Meet Challenges of the Changing Environment
10.2: Management Characteristics
(a) Management is Universal
(b) Management is Goal Directed
(c) Management is a Continuous Process
(d) Management is an Integrating Process
(e) Management is Intangible
(f) Management is Multi-disciplinary
(g) Management is a Social Process
(h) Management is Situational
10.3: Importance of Management
(a) Attainment of Goals
(b) Stability and Growth
(c) Change and Development
(d) Efficiency and Effectiveness
10.4: Nature of Management
(a) Management as a Process
(b) Management as a Discipline
(c) Management as a Group
(d) Management as a Science as well as an Art
(e) Management as Profession
10.5:Levels of Mgmt
10.6: Functions of Management
(a) Planning
(b) Organising
(c) Staffing
(d) Directing
(e) Controlling
10.7: Principles of Mgmt
10.7.1: Scientific Mgmt
Development of Science for Each Element of Man’s Work
Scientific Selection, Training and Development of Workmen
Close Co-operation between Workers and Management
Mental Revolution
Maximum Prosperity
Division of Responsibility
10.7.2: Techniques of Scientific Mgmt
Work Study: Time, Motion, Fatigue & Method
Standardization
Functional Foremanship
10.8: General Principles of Mgmt (Fayol)
DAD UC USSR ========== O I SEE
Division of Work
Authority and Responsibility
Discipline
Unity of Command
Unity of Direction
Subordination of Individual Interest to General Interest
Remuneration
Centralisation
Scalar Chain
Order
Equity
Stability of Tenure
Initiative
Esprit de Corps