Principle of Management – Industrial Management Notes | New Topic [2024]

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 –

1. Division of work among the workers on a scientific basis,
2. Delegation of authority and responsibility in the various departments,
3. Maintaining discipline in all levels,
4. Maintaining unity of command,
5. Maintaining unity in respect of direction,
6. Maintaining a fair remuneration system for the personnel,
7. Maintaining a centralization system for all activities,
8. Maintaining a chain of superiors ranging from the top level to lower level,
9. Maintaining equity to the employees at all levels,
10. Maintaining stability of tenure,
11. Proper execution of plan,
12. The principle of unity of command must be observed.