In this note, we are going to learn about Principle of Management in Industrial Management. Welcome to Poly Notes Hub, a leading destination for engineering notes for diploma and degree engineering notes.
Author Name: Arun Paul.
Principle of Management
Following are the major principles of management or management principles –
- Division of work among the workers on a scientific basis,
- Delegation of authority and responsibility in the various departments,
- Maintaining discipline in all levels,
- Maintaining unity of command,
- Maintaining unity in respect of direction,
- Maintaining a fair remuneration system for the personnel,
- Maintaining a centralization system for all activities,
- Maintaining a chain of superiors ranging from the top level to lower level,
- Maintaining equity to the employees at all levels,
- Maintaining stability of tenure,
- Proper execution of plan,
- The principle of unity of command must be observed.