Professional Documents
Culture Documents
Principles of Management Project
Principles of Management Project
STUDENT NAME:
CLASS : XII
Project Title:
Analysis and Application of Principles of Management
with reference to … (Name of Organisation you have
selected)…
Index
S.No. Particulars Page No. Teacher
Signature
1. Certificate
2. Acknowledgement
3. Meaning and Features of Principles
of Management
4. Henry Fayol – Brief Biography
5. Principles of Management
propounded by Henry Fayol
6. Explanations of Principles of
Management
7. Introduction about your Selected
Organisation
8. Analysis of Application based on
Questionnaire
9. Conclusion
10. Annexure – I : Questionnaire
11. Annexure – II : Bibliography
Certificate
This is to certify that the content of this project entitled “Analysis and
application of Principle of Management with reference to … (Name of
Organisation you have selected)…” by …..(Name of Candidate) …….
is the bona fide work of him submitted to “DAV Public School,
Dudhichua Area” for the consideration in partial fulfillment of
requirement of CBSE, Delhi for the award of Senior School Certificate
Examination in Commerce.
The original project work was carried by him under my guidance and
supervision in the academic year 2023-24. On the basis of the declaration
made by him. I recommend this project for evaluation.
Certified by:
I would also like to thanks my Parents and Friends who have helped me
with their valuable suggestions and guidance in various phase of
completing my project work.
Last but not the least I would like to thanks my Classmates who have
helped me a lot.
NATURE/FEATURE/CHARACTERISTIC OF
PRINCIPLES OF MANAGEMENT
1. Universal Applicability
2. Flexible
3. General Guidelines
5. Mainly Behavioural
7. Contingent
Henry Fayol – Father of General Management
(1841-1925)
Henri Fayol was born on 29th July, 1841 in a suburb of Istanbul, Ottoman Empire.
His father (an engineer) was appointed superintendent of works to build Galata
Bridge, The family returned to France in 1847, where Fayol graduated from the
mining academy "École Nationale Supérieure des Mines" in Saint-Étienne in 1860.
In 1860 at the age of nineteen Fayol started the mining company named "Compagnie
de Commentry-Fourchambault-Decazeville" in Commentry as the mining engineer.
In 1888 he became Managing Director, when the mine company employed over
10,000 people, and held that position over 30 years until 1918. By 1900 the company
was one of the largest producers of iron and steel in France and was regarded as a
vital industry. Based largely on his own management experience, he developed his
concept of administration. In 1916 he published these experiences in the book
"Administration Industrielle et Générale", In this work Fayol presented his theory
of management, known as “Fayolism”.
Fayol also created a list of the Six Primary Functions of Management which are
Forecasting, Planning, Organizing, Commanding, Coordinating and Controlling.
14 PRINCIPLES OF MANAGEMENT
Division of Labour
Henry Fayol has stressed on the specialization of jobs. He recommended that
work of all kinds must be divided & subdivided and allotted to various
persons according to their expertise in a particular area.
There should be a balance between the two i.e. they must go hand in hand.
Authority without responsibility leads to irresponsible behavior whereas
responsibility without authority makes the person ineffective.
Discipline
According to Fayol, “Discipline means sincerity, obedience, respect of
authority & observance of rules and regulations of the enterprise”.
This principle applies that subordinate should respect their superiors and obey
their order. It is an important requisite for smooth running of the enterprise.
Discipline is not only required on path of subordinates but also on the part of
management.
Unity of Command
A sub-ordinate should receive orders and be accountable to one and only one
boss at a time. In other words, a sub-ordinate should not receive instructions
from more than one person because it undermines authority, endanger
discipline and disturb order and stability.
Unity of Direction
Fayol advocates one head one plan which means that there should be one plan
for a group of activities having similar objectives. Related activities should
be grouped together. There should be one plan of action for them and they
should be under the charge of a particular manager.
Remuneration to Employees
The quantum and method of remuneration to be paid to the workers should
be fair, reasonable, satisfactory & rewarding of the efforts. As far as possible
it should accord satisfaction to both employer and the employees.
Wages should be determined on the basis of cost of living, work assigned,
financial position of the business, wage rate prevailing etc. Logical &
appropriate wage rates and methods of their payment reduce tension &
differences between workers & management creates harmonious relationship
and pleasing atmosphere of work. Fayol also recommended provision of other
benefits such as free education, medical & residential facilities to workers.
Scalar Chain
Hierarchy is an important aspect of any organization varying from senior
management to the lowest levels. This management principle implies that
there should be a clear line in the area of authority at various levels of
management. Fayol defines scalar chain as ’The chain of superiors ranging
from the ultimate authority to the lowest”.
Every orders, instructions, messages, requests, explanation etc. has to pass
through Scalar chain. But, for the sake of convenience & urgency, this path
can be cut shirt and this short cut is known as Gang Plank. A Gang Plank is
a temporary arrangement between two different points to facilitate quick &
easy communication.
Order
This principle is concerned with proper & systematic arrangement of things
and people that’s mean that right person at right job and right things at right
place. Arrangement of things is called material order and placement of people
is called social order.
Material order- There should be safe, appropriate and specific place for
every article and every place to be effectively used for specific activity and
commodity.
Equity
Equity means combination of fairness, kindness & justice. The employees
should be treated with kindness & equity if devotion is expected of them. It
implies that managers should be fair and impartial while dealing with the
subordinates.
They should give similar treatment to people of similar position. They should
not discriminate with respect to age, caste, sex, religion, relation etc. Equity
is essential to create and maintain cordial relations between the managers and
sub-ordinate. But equity does not mean total absence of harshness. Fayol was
of opinion that, “at times force and harshness might become necessary for the
sake of equity”.
Initiative
Workers should be encouraged to take initiative in the work assigned to them.
It means eagerness to initiate actions without being asked to do so. Fayol
advised that management should provide opportunity to its employees to
suggest ideas, experiences& new method of work.
It helps in developing an atmosphere of trust and understanding. People then
enjoy working in the organization because it adds to their zeal and energy. To
suggest improvement in formulation & implementation of place. They can be
encouraged with the help of monetary & non-monetary incentives.
Esprit de Corps
It refers to team spirit i.e. harmony in the work groups and mutual
understanding among the members. Fayol cautioned the managers against
dividing the employees into competing groups because it might damage the
moral of the workers and interest of the undertaking in the long run. To
inculcate Espirit De’ Corps following steps should be undertaken -
▪ There should be proper co-ordination of work at all levels
▪ Subordinates should be encouraged to develop informal
relations among themselves.
▪ Efforts should be made to create enthusiasm and keenness
among subordinates so that they can work to the maximum
ability.
▪ Efficient employees should be rewarded and those who are not
up to the mark should be given a chance to improve their
performance.
▪ Subordinates should be made conscious of that whatever they
are doing is of great importance to the business & society.
Does your Organisation or Department divide job or work among you and your
colleagues?
a. Yes
b. No
c. Can’t Say
Options No. of Respondent 16
14
12
Yes 15 10
8
No 04 6
4
Can’t Say 01 2
0
Total 20 Yes No Can’t Say
INFERENCE:
When I asked the Question “What is the criteria on which job or work assigned
or divided among you and your colleagues?” 15 Respondent were in favour of
“YES”, 4 Respondent were in favour of “NO” and 1 Respondent was unable to
answer the question.
For the above finding it is clear that the Principle of Management “Division of
Work” is applicable in the organisation.
a. Yes
b. No
c. Can’t Say
Options No. of
Respondent
Can’t
Say
Yes 09
No 06 No
Can’t Say 05
Yes
Total 20
0 5 10
INFERENCE:
For the above finding it is clear that the Principle of Management “Authority and
Responsibility” is not applicable in the organisation.
a. Yes
b. No
c. Can’t Say
Options No. of
Respondent
Yes 18
No 01
Can’t Say 01
Total 20
Yes
No
Can’t Say
INFERENCE:
When I asked the Question “Is there any rule and regulations to be observed by
every employee in your Organisation?” 18 Respondent were in favour of “YES”,
01 Respondent were in favour of “NO” and 01 Respondent was unable to answer
the question.
For the above finding it is clear that the Principle of Management “Discipline” is
applicable in the organisation.
From how many Superior you receive Order or Instruction to perform your job or
work?
a. One Superior
b. Two Superior
c. More than Two Superior
d. Can’t Say
Options No. of
Respondent
12
One 11 10
Superior 8
Two 04 6
Superior 4
More 04 2
than two
0
Superior One Two More Can’t Say
Can’t 01 Superior Superior than two
Say Superior
Total 20
INFERENCE:
When I asked the Question “From how many Superior you receive Order or
Instruction to perform your job or work?” 11 Respondent were in favour that
they receive order from “One Superior”, 04 Respondent were in favour that they
receive order from “Two Superior”, 04 Respondent were in favour that they receive
order from “More than Two Superior”, and 01 Respondent was unable to answer
the question.
For the above finding it is clear that the Principle of Management “Unity of
Command” is applicable in the organisation.
a. One Superior
b. Two Superior
c. More than Two Superior
d. Can’t Say
Options No. of
Respondent
One 13
Superior One Superior
Two 03
Superior Two Superior
More 02
More than two
than two
Superior
Superior
Can’t Say
Can’t 02
Say
Total 20
INFERENCE:
For the above finding it is clear that the Principle of Management “Unity of
Direction” is applicable in the organisation.
Does your Organisation recognize the interest of every employees and workers?
a. Yes
b. No
c. Can’t Say
Options No. of
20
Respondent
18
16
14
Yes 18
12
10
No 01
8
6
Can’t Say 01 4
2
Total 20 0
Yes No Can’t Say
INFERENCE:
When I asked the Question “Does your Organisation recognize the interest of
every employees and workers?” 18 Respondent were in favour of “YES”, 01
Respondent were in favour “NO”, and 01 Respondent was unable to answer the
question.
For the above finding it is clear that the Principle of Management “Subordination
of Individual Interest to General Interest” is not applicable in the organisation.
a. Yes
b. No
c. Can’t Say
Options No. of
Respondent
Yes 14
No 03
Can’t Say 03
Total 20
Can’t Say
No
INFERENCE:
Yes
0 5 10 15
When I asked the Question “Is there
any difference in the remunerations of you and your colleagues?” 18
Respondent were in favour of “YES”, 01 Respondent were in favour “NO”, and 01
Respondent was unable to answer the question.
For the above finding it is clear that the Principle of Management “Fair
Remunerations to Employees” is not applicable in the organisation.
a. Only Superior
b. Only Subordinate
c. Both Superior and Subordinate
d. Can’t Say
Options No. of
Respondent
14
12
Only 13
10
Superior
8
Only 03
6
Subordinate
4
Both 02 2
Superior 0
and
Subordinate
Can’t Say 01
Total 20
INFERENCE:
When I asked the Question “Who in your Department or Organisation take all
Decision?” 13 Respondent were in favour that “Only Superior” take decision, 03
Respondent were in favour that “Only Subordinate” take decision, 02 Respondent
were in favour that “Both Superior and Subordinate” take decision and 01
Respondent was unable to answer the question.
For the above finding it is clear that the Principle of Management “Centralisation
and Decentralisation” is applicable in the organisation.
Is there any specific means to send and receive information in your Organisation?
a. Yes
b. No
c. Can’t Say
Options No. of
Respondent
Yes 14 Yes
No
No 03
Can’t Say
Can’t Say 03
Total 20
INFERENCE:
When I asked the Question “Is there any specific means to send and receive
information in your Organisation?” 14 Respondent were in favour of “YES”, 03
Respondent were in favour “NO”, and 03 Respondent was unable to answer the
question.
For the above finding it is clear that the Principle of Management “Scalar - Chain”
is applicable in the organisation.
Options No. of
Respondent
Qualification and
Qualification and 12 Skills
Skills Nature of Job
Nature of Job 03
Recommendations
Can’t Say 03
Total 20
INFERENCE:
When I asked the Question “On what basis does your organisation appoint
Candidate?” 12 Respondent were in favour that employees are appointed on basis
of “Qualification and Skills”, 03 Respondent were in favour that employees are
appointed on basis of “Nature of Job”, 02 Respondent were in favour that employees
are appointed on basis of “Recommendations” and 03 Respondent was unable to
answer the question.
For the above finding it is clear that the Principle of Management “Order” is
applicable in the organisation.
a. Fairly
b. Unfairly
c. Can’t Say
Options No. of
Respondent
Fairly 16 Fairly
Unfairly
Unfairly 03 Can’t Say
Can’t Say 01
Total 20
INFERENCE:
When I asked the Question “How your Superior treat the subordinate in the
Organisation?” 16 Respondent were in favour that they are “Fairly” treated, 03
Respondent were in favour that they are “Unfairly” treated 03 Respondent was
unable to answer the question.
For the above finding it is clear that the Principle of Management “Equity” is
applicable in the organisation.
Options No. of
Respondent
Can’t Say
Temporary 04
Permanent 13 Permanent
Can’t Say 03
Temporary
Total 20
0 5 10 15
INFERENCE:
When I asked the Question “What is the stability of your appointment in the
Organisation?” 04 Respondent were in favour that their Services are “Temporary”,
13 Respondent were in favour that their Services are “Permanent” and 03
Respondent was unable to answer the question.
For the above finding it is clear that the Principle of Management “Stability of
Tenure” is applicable in the organisation.
Options No. of 16
Respondent 14
12
Yes 14 10
8
No 04
6
Can’t Say 02 4
Total 20 2
0
Yes No Can’t Say
INFERENCE:
When I asked the Question “Does your Superior involve you in the Decision
Making Process?” 14 Respondent were in favour of “YES”, 03 Respondent were
in favour “NO”, and 03 Respondent was unable to answer the question.
For the above finding it is clear that the Principle of Management “Initiative” is
applicable in the organisation.
Options No. of
Respondent
Yes 16 Yes
No 03 No
Can’t Say
Can’t Say 01
Total 20
INFERENCE:
When I asked the Question “Does your superior recognize your efforts to the
Organisation?” 16 Respondent were in favour of “YES”, 03 Respondent were in
favour “NO”, and 01 Respondent was unable to answer the question.
For the above finding it is clear that the Principle of Management “Esprit de corps”
is applicable in the organisation.
Conclusion
After analysing the application of Principles of Management as propounded by Mr.
Henry Fayol in ….(your selected organisation) it was found that out of 14 Principles
of Management, 11 Principles of Management is applied in the Organisation and
efforts are made by the organisation to implement rest of the Principle of
Management which was not yet applied.
Personal Details
General Instruction:
a. The Questionnaire contains 14 Questions with Multiple Options.
b. Select only One Option as your response.
c. The Questionnaire is only meant for project work only.
1. Does your Organisation or Department divide job or work among you and
your colleagues?
a. Yes
b. No
c. Can’t Say
2. Does your Organisation Delegate sufficient Authority and Responsibilities
to perform the job or work assigned to you?
a. Yes
b. No
c. Can’t Say
4. From how many Superior you receive Order or Instruction to perform your
job or work?
a. One Superior
b. Two Superior
c. More than Two Superior
d. Can’t Say
13. Does your Superior involve you in the Decision Making Process?
a. Yes
b. No
c. Can’t Say
BOOKS:
▪ NCERT Book
NEWS PAPER:
WEB SITE:
▪ www.google.com
▪ www.msnsearch.com