PMNL- MANAGEMENT PRINCIPLE

• Scientists like Henri Fayol (1841-1925) the first foundations were laid for modern scientific management. These first concepts, also called principles of management
• DIVISION OF WORK ➔ Specialization encourage continuous improvement in skills and the development of improvements in methods
• AUTHORITY ➔ Managers have the right to give orders an should be given the power to exact obedience.
• authority is only possible when managers provide good leadership
• DISCIPLINE ➔ Employees should work hard consistently and rules should not be bent.
• UNITY OF COMMAND ➔ Employees should receive direction from only one supervisor
• UNITY OF DIRECTION ➔ People engaged in the same work should have the same goals
• SUBORDINATION OF INDIVIDUAL INTEREST ➔ When employees are at work, they should think about only work
• REMUNERATION ➔ Employees should receive fair payment for services
• CENTRALIZATION ➔ Management functions should be consolidated and decisions should be made from the top
• SCALAR CHAIN (LINE OF AUTHORITY) ➔ There should be a formal chain of command running from the top to the bottom of the organization
• ORDER ➔ All materials and personnel have prescribed place
• EQUITY ➔ Employees should be treated equitably but not necessarily identical
• STABILITY OF TENURE ➔ Employees will work better if they have a sense of job security
• INIATIVE ➔ Employees should be able to demonstrate their strengths, talents, and innovative ideas
• ESPRIT DE CORPS ➔ Management must foster employee morale
• FIVE FUNCTIONS OF MANAGEMENT ARE COMMANDING, COORDINATING, CONTROLLING, PLANNING AND ORGANIZING
• HENRI FAYOL - He defined five functions of management for the management component and these are still seen as relevant to organizations today
• PLANNING - According to Henri Fayol, drawing up a good plan of action is the hardest of the five functions of management
• PLANNING- Requires active participation of the entire organization
• TYPES OF PLANNING - Strategic, Operational, Business, Resource, Organizational, Contingency
• ORGANIZING - is an important function of the five functions of management
• STAFFING - Organization of employees and workers into various operating units
• STAFFING - maximize the organization productivity
• STAFFING - process of acquiring, deploying and retaining a workforce of sufficient quantity and quality for the efficiency and effectivity of an organization
• HUMAN RESOURCE MANAGEMENT - process of achieving organizational objectives through managing people
• HRM includes: Recruiting, hiring, training, development and terminating employees
• Establishing employment policies is of critical importance to the staffing process
• Some important policies include: ➔ Licensing and Registration ➔ Hours ➔ Compensation ➔ Fringe Benefits ➔ Vacations and Time offs ➔ Training ➔ Grievances ➔ Promotions ➔ Personnel Review ➔ Terminations
• COMMANDING - Capable of motivating a team and encouraging employees to take initiative
• DIRECTING - Involves guiding and motivating other people to work toward a common goal
• DIRECTING - Heart of management process
• DIRECTING - Aims to build effective work environment anchored on motivating, supervising and disciplining
• DIRECTING - managers instruct, guide and oversee the performance of their employees to achieve predetermined goal
• DIRECTING - managers instruct, guide and oversee the performance of their employees to achieve predetermined goal
• The concept of motivation revolves around the idea that an individual’s need or desire is what moves him or her to action
• FACTORS AFFECTING MOTIVATION ❖ Attainment ❖ Power ❖ Belonging ❖ Independence ❖ Respect ❖ Equity
• METHODS OF NON MONETARY MOTIVATION ❖ Recognition ❖ Celebration ❖ Compelling Mission ❖ Balance of achievement and challenge ❖ Increase Responsibility
• COORDINATING - When all activities are harmonized, the organization will function better
• Coordination therefore aims at stimulating motivation and discipline within the group