Professional Documents
Culture Documents
Administration Management
Functions of Management
Planning
Organizing
Staffing
Motivation
Directing
Coordination
Control
Functions of Administration
Administration makes policies and decides the
goals to be achieved
Organisation is the framework of management
It is a group of persons and it is a structure of
relationships
No enterprise can survive without proper
management
Even if it possess huge money, excellent
machinery and man-power, it will be a big confusion
and nobody knows what to do and when to do.
Importance of Management
Management provides new ideas and
vision to the organization
It takes business problems and provides
the best tool for solving things
It can meet challenges of change
It helps personality development thereby
raising efficiency and productivity
It is a unifying force. It integrates human
and other resources to achieve the desired
objectives.
Principles of Management
1. Division of work
2. Authority and Responsibility
3. Discipline
4. Unity of command
5. Unity of Direction
6. Subordination of individual to General
Interest
7. Remuneration
8. Centralisation of authority
9. Order- Materials and human beings
arrangement
10.Equity of Treatment
11. Stability
12. Initiative
13. Esprit de Corps(team work and
harmony)
Process of Management
The process of Management involves:
the determination of objectives
putting them into action
achieving the desired goals.
Labour Laws:
1. Min wages Act, 1948
2. Workmen’s Compensation Act, 1923
Min Wages Act,1948
Minimum wages shall be paid in cash
Fix number of working hours in a day
Provide a day for rest in every period of seven days
Extra payment for multiple tasks and overtime job
Maintenance of records
Government should appoint some officers for
inspection
Even a person can claim against the enterprise
Government is held responsible according to the law
if the complaint is reasonable.
The Workmen’s Compensation Act, 1923
An injury- valid in case of employment should be compensated
Exceptions: drugs, drinks
violating rules
not taking safety precautions
Occupational disease
The compensation should be as below:
(a) If death results from injury- 40% of the monthly wages (or) an