Business

Nature & Sig of MGT Principles Planning Organising Staffing

Environment
Topics Management Principles Of Business
Co-Ordination Planning Organising Delegation Decentralization Staffing
SrNo Management Environment
1. Helps in Growth in size Providing Enabling firm to Provides Benefit of Effective Develop Helps in
achieving managers with identify opportunities direction specialisation management initiative amongobtaining
group goals useful insight and getting first subordinates competent
into reality mover advantage personal
2. Increasing Functional Optimum Helps in identifying Reduces risk of Clarity in Employee Develops Higher
efficiency differentiation utilisation of that and early uncertainty working development managing talent performance
resources warning signals relationships for future
3. Creating Specialisation Scientific Helps in tapping Reduces Optimum Motivation of Quick decision Ensure
dynamic decision useful resources overlapping and utilisation of employees making continuous
organisation wasteful resources survival and
activities growth
4. Helps in Meeting Helps in coping with Promotes Adaptation to Facilitation of Relief to top Ensure optimum
achieving changing rapid changes innovative ideas change group management utilisation of
personal environment resources
objectives
5. Helps in Fulfilling social Helps in assisting in Facilities Effective Basis of Facilitates Improves job
development responsibility planning and policy decision making administration management growth satisfaction
of society formation hierarchy
6. Management Helps in improving Establishes Development Better Better control
training performance standards for of personal coordination
education and controlling
research
7. Expansion
and growth
 Directing Controlling
Topics Directing Motivation leadership Communication Controlling
SrNo
1. Helps to
initiate
Improve
performance
Influence
behaviour for
Acts as basis of
coordination
Accomplish
organisational
action level positive goals
towards contribution
attainment
of
organisation
al objectives
2. Integrates
employees
Changing
negative
Create and
maintain
Helpful in smooth
working of
Judging accuracy
of standards
efforts attitude to congenial work enterprise
positive environment
attitude
3. Guides
employees
Reduce
employee
Introduce required Acts as basis of
changes decision making
Making effective
use of resources
to realise turnover
their
potential
4. Bring
stability and
Reduce
absenteeism
Handling of
conflicts
Increases
managerial
Employees
motivation
balance in efficiency
organisation
5. Facilities to
bring
Introduce
changes
Provide training to
subordinates
Promotes
corporation and
Ensuring order
and discipline
change smoothly industrial peace
6. Establishes
effective leadership
Facilitating
coordination in
action
7. Provide motivation