PRINCIPLES AND

PRACTICE OF
MANAGEMENT
MANOJ MISHRA
CNLU
 QUESTIONS

IS MANAGEMENT A SCIENCE OR AN ART?

WHAT DO YOU MEAN BY PRINCIPLES IN
‘PRINCIPLES AND PARACTICE OF
MANAGEMENT?
IN WHAT FUNDAMENTAL WAY ARE THE
BASIC GOALS OF ALL MANAGERS AT
ALL LEVELS AND ALL KINDS OF
ENTERPRISES THE SAME.
 SYSTEMS APPROACH

• PART OF A LARGER SYSTEM

• INPUT PROCESS OUTPUT
• MAKE DEMAND OF ENTERPRISES
• INTEGRATE LEGITIMATE OBJECTIVES OF
CLAIMANT
• OPEN SYSTEM / CLOSED SYSTEM
• TRANSFORMATION PROCESS
• COMMUNICATION SYSTEM – INTEGRATES
ALL MANAGEMENT FUNCTIONS
 SYSTEMS APPROACH

• CUSTOMER – REASON FOR FIRMS

EXISTENCE IS OUTSIDE COMPANY
• COMPETITION POTENTIAL THREATS
• EXTERNAL ENVIORONMENT – NO OPTIONS
BUT TO RESPOND TO IT.
• OUTPUT – CONSIDERATION FOR EXTERNAL
VARIABLES
• REENERGIZING THE SYSTEM – SOME
OUTPUTS BECOME INPUTS – REINVESTED
– EMPLOYEE SATISFACTION
 MANAGEMENT SKILLS

• TECHNICAL SKILLS (SUPERVISORS

FIRST LEVEL)
• HUMAN SKILLS (MIDDLE LEVEL)
• CONCEPTUAL SKILLS (MIDDLE LEVEL)
• DESIGN SKILLS TOP LEVEL
 HISTORICAL DEVELOPMENT

• MANAGEMENT THEORIES
• EARLY THOUGHT
• PYRAMIDS
• PLATO ‘REPUBLIC’
• BIG CITIES – SPECIALIZED WORKERS
• ART OF WAR FROM CHINA –
• ENEMY ADVANCE WE RETREAT
• ENEMY HALTS WE HARASS
• ENEMY AVOIDS WE ATTACK
• ENEMY RETREADS WE PURSUE
 HISTORICAL DEVELOPMENT

• MANAGEMENT THEORIES
• EARLY THOUGHT
• MICHAVILI – ‘PRINCE’
• PRINCIPLES OF LEADERSHIP
• MASS CONTENT
• STRIVE FOR COHESIVENESS
• WILL TO SURVIVE
• SET AN EXAMPLE
• ADVENT OF INDUSTRIAL REVOLUTION
• ADAM SMITH 1776
• DIVISION OF LABOUR PIN FACTORY
 HISTORICAL DEVELOPMENT

• MANAGEMENT THEORIES
• SCIENTIFIC MANAGEMENT
• CHARLES BABBAGE
• SPECILIZATION AND DIVISION OF LABOUR
• TIME STUDY DATA
• FREDRICK WINSLOW TAYLOR (1956-1915)
• DEFINED DAILY TASKS
• STARDARD CONDITIONS
• HIGH PAYMENT OF SUCCESSFUL COMPLETION
• MANAGEMENT (DEVELOPMENT OF TRUE
SCIENCE/SCIENTIFIC SELECTION WORKMEN /
COOPERATION)
 Vision

• We aspire to be the global steel

industry benchmark for 
Value Creation and Corporate
Citizenship
 Mission

• Consistent with the vision and values of the founder Jamsetji

Tata, Tata Steel strives to strengthen India’s industrial base
through the effective utilization of staff and materials. The
means envisaged to achieve this are high technology and
productivity, consistent with modern management practices.
•  
• Tata Steel recognizes that while honesty and integrity are the
essential ingredients of a strong and stable enterprise,
profitability provides the main spark for economic activity.
• Overall, the Company seeks to scale the heights of excellence
in all that it does in an atmosphere free from fear, and thereby
reaffirms its faith in democratic values.
 
 Vision MissionSONY

• To create exciting new digital entertainment

experiences for consumers by bringing together
cutting-edge products with latest generation content
and services.
• Sony is committed to developing a wide range of
innovative products and multimedia services that
challenge the way consumers access and enjoy
digital entertainment. By ensuring synergy between
businesses within the organisation, Sony is
constantly striving to create exciting new worlds of
entertainment that can be experienced on a variety
of different products.
 PANASONIC

• DIVERSITY MISSION STATEMENT

To sharpen our competitive advantage

by drawing on the strengths of a
diverse work force in order to enhance
innovation, growth and customer
satisfaction.
THANK YOU!