14 Principles of Management

Definition of Management:

Management is defined as an organ that aids in managing business, managers, work and workers.
The vital tasks of management are marketing and also innovation.

 Important tasks of management = marketing + innovation

 Management is also defined as the art of getting activities done via people in groups. It
includes many operations and those are explained with help of a diagram, it is as below:

Fig1: operations of management

So, from the above figure, we can easily understand that management is an art of getting the
activities done with the aid of operation like planning, organizing, leading and controlling.

Principles of Management:

Now, coming to principles of management then they are the ways through which a manager
really manages activities. Principles of management are defined as things which plan, control
and organize processes of important elements like devices, materials, finance and also furnish
coordination and direction and give leadership to efforts of people in achieving goals of an
organization.

Is Management a Science or an Art?

Similar to other disciplines like law, engineering, and medicine; management is an art but at the
time of practice, the applications and features of it are like science.
 Fig2: nature of management

The Role of Managers:

Every firm or a company have managers who manage all activities related to firm and in every
company, there will be a hierarchy of managers which defines the power of management. A
sample hierarchy is as shown below:

Fig3: hierarchy of managers

Managers have an important role in a company as they plan everything as per importance of the
things.

Mintzberg’s set of Roles:

Henry Mintzberg identified roles which are common to all managers in firms or companies.

Fig4: Mintzberg set of roles

Managerial Skills:

The three important skills are as follows:

 Technical skills
 Conceptual skills
 Human skills

Other managerial skills are as below:

 Diagnostic skills
 Analytical skills

P-O-L-C Framework:

Principles of management have four important functions and all these functions together are
called as a P-O-L-C framework.
 Fig5: P-O-L-C framework

Also See: Classroom Management PPT and PDF

Quality School of Management:

Quality school of management is also called as Total quality management and it is a modern and
best model for operating a firm. Quality school of management and considerations relating to it
are explained in the below figure:
 Fig6: TQM and its components

Principles of Management According to Fayol and Tom peter:

Fayol identified fourteen principles of management and those principles of management are as
follows:

 Specialization of labor
 Authority
 Unity of command
 Discipline
 Subordination of individual interest to common good
 Unity of direction
 Initiative
 Esprit de corps
 Personal tenure
 Equity
 Order
 Scale of chain
 Centralization
 Remuneration
Principles of management according to Tom peter and Robert Waterman’s are as follows:

 Managing Ambiguity and Paradox

 Simultaneous Loose-Tight Properties
 Simple Form, Lean Staff
 Stick to the Knitting
 Hands-On, Value-Driven
 Productivity through People
 Autonomy and Entrepreneurship
 Close to the Customer
 A Bias for Action

The above principles of management are followed in excellent firms and companies.

Content of the PPT and PDF for 14 Principles of Management

 Introduction
 Division of Work
 Authority and Responsibility
 Discipline
 Unity of Command
 Unity of Direction
 Subordination of Individual Interest Remuneration
 The Degree of Centralization
 Scalar Chain
 Order
 Equity
 Stability of Tenure of Personnel
 Initiative
 Esprit de Corps
 Conclusion