PRINCIPLE OF MANAGEMEENT

Title - Characteristics & Significance Of Management.

Abstract : Every organization, organisation work together for the

whether big or small, accomplishment of any objective. In
commercial or nonprofit, needs present times, with an increase in
the size and complexities of modern
administration. It requires
organisations. the concept of
coordinating and directing the management has gained immense
actions of people and resources importance.
to successfully and efficiently
achieve certain goals. We shall The definition of Management varies
explore the idea of management with the context in which it is used.
In a broader sense, Management can
in this blog and its numerous
be defined as per Traditional
aspects, traits, and goals. Approach and Modern Approach.
Additionally, we will examine
several management styles and Traditional Definitions of
comprehend their contributions Management
to organizational performance, “Management consists of getting
including strategic management, things done through others. A
business management, manager is one who
operations management, and accomplishes objectives by
product management. directing efforts of others.” – C.S.
Introduction :- A universal concept George
that is needed in every organisation
Characteristics of
whether it is a business organisation
or a non-business organisation such Management :-
as hospital school, etc., is known as
Management. An organisation’s
success depends on the successful
functioning of its management and is
always required whenever human
and non-human resources of an
 common for all whether it is a social,
political, or economic enterprise.
1. Continuous Process: Management
is a continuous process. It means 4. Multidimensional: Management
that the process of business is a multidimensional process as it
management goes on until the does not involve only one activity.
company exists, as it helps in The three main activities involved in
achieving the organisational goals. management are Management of
Every manager of an organisation Work, Management of People, and
has to perform the different Management of Operations.
functions of management in a series Management of Work: Every
(planning, organising, staffing, organisation is set up to perform
directing, and controlling). some work or goal, and the
management aims at achieving these
2. Goal-oriented: Every organisation goals or tasks. The work of an
has a set of predetermined goals or organisation depends upon the
objectives that it aims to accomplish nature of Business; for example,
during its existence. Every work to be fulfilled in a hospital is
organisation has different goals. treating patients, in a university is
Hence, management helps these educating students, etc.
organisations in fulfilling their goals Management of People: People are
by utilising the given limited the most essential assets of an
resources in the best optimum organisation and refer to human
manner. For example, If the resources. It is the duty of the
objective of Airtel is to add a billion management to get the work
Airtel Xtreme customers in a year, completed through human
then all of its managerial activities resources/people by making their
will be directed toward the strengths effective and weaknesses
achievement of this objective. irrelevant. Managing people have
two dimensions; viz., Taking care of a
3. All Pervasive: The process of group of people and Taking care of
business management is universal in employees’ individual needs.
nature. Every organisation, whether Management of Operations:
small scale, large scale, economic, Operations are the activities of an
social, etc., uses the process of organisation’s production cycle, like
management at every level or stage. purchasing inputs, converting them
Besides, the activities involved in the into semi-finished goods, and
management of an organisation are finished goods. Simply put,
Management of operations consists
of a mix of Management of Work
and Management of People, and The significance of Principles of
decides what work has to be done, Management is twofold.
how it has to be done, and who will
do it. Firstly, the adoption of management
5. Dynamic Function: There are principles equips managers to handle
different internal and external numerous situations. They will have
factors that affect the working of an the necessary understanding of
organisation. An organisation has to practical situations. With proper
change and adapt itself on the basis policy implementation, managers
of changing environment to may enhance their managerial
accomplish the organisational goals capabilities.
and objectives. Hence, management
is a dynamic function. Secondly, implementing
management principles also helps in
6. Management is a Group Activity: optimally utilizing resources which is
Management involves a group of likely to lead to efficient
people performing managerial management. Human resources, as
activities. The functions of well as other material resources, are
management can be executed only available in a limited manner with an
when every individual performs organization. Hence, to minimize
his/her role their respective status cost and maximize profit, resources
and department. And as the result of should be effectively utilized.
management affects every individual Management principles enable
and every department of an managers for influence and predict
organisation, it always refers to a the outcome of activities and
group effort. choices.

7. Management is an Intangible Importance of Principles of

Force: Management is a function Management
that cannot be physically seen but its The very nature of principles of
presence can be felt by watching the management contributes to its
orderliness and coordination in work importance.
environment and happy faces of the  Scientific Nature of Decision-
employees when the task is Making- Adoption of
completed. management principles equips
managers to take objective
Significance of Principles of decisions with more realistic
Management :- considerations that are bias-
 free. Such decisions may be  It aids in the accomplishment
subsequently subjected to of group objectives- It aids in
objective evaluation. the achievement of group goals
 Adhering to Social by arranging the factors of
Responsibility- Managers can production, assembling and
observe their commitment not organizing the resources, and
only towards their subordinates efficiently integrating the
but also the society at large. resources to achieve goals. It
Organizational goals are also directs the efforts of a group
achieved efficiently. It can be toward the achievement of
understood in the context of predetermined goals. There
the fair remuneration principle. would be no waste of time,
An organization becomes not money, or effort if the
only compliant with organization's objectives were
government regulations but clearly defined. Management
also ensures social justice for organizes the disorganized
its members. resources of men, machines,
 Adapting to an Ever-Changing money, and so on into
Business Environment- Due to productive enterprise. These
the dynamic nature of resources are coordinated,
management principles, the directed, and controlled for the
broad guidelines are subject to enterprise to achieve its goals.
modification consistent with  Optimum utilization of
changes in the business resources- Management makes
environment. With such efficient use of all physical and
modification, an organization human resources. This leads to
may continue to retain its management efficacy.
efficiency. Management maximizes the
 Training and Development- utilization of scarce resources
The principles will have to be by selecting the best possible
clearly understood to initiate alternate use in industry from a
proper training and variety of options. It employs
development. Managers need experts and professionals, and
to undergo training programs these services result in the use
to stay updated with due of their skills, knowledge, and
knowledge and expertise. It will proper utilization, as well as the
help them to engage in proper avoidance of waste. When
decision-making and carry out employees and machines are
their duties responsibly. working to their full potential,
 there is no underutilization of coordination of the
resources. organization must be changed
as the external environment
 Reduces cost- It achieves
changes. As a result, it adapts
maximum results with minimal
the organization to changing
input by properly planning and
market demand and changing
using minimal input to achieve
societal needs. It is in charge of
maximum output.
the organization's growth and
Management allocates
survival.
physical, human, and financial
resources in the most efficient
way possible. This aids in cost- Conclusion :-
cutting.
Management is a process that
 Creates a sound organization- focuses on achieving a set of
There is no duplication of objectives. It entails organising things
effort. Establishing a sound so that everyone’s efforts can be
organizational structure is one directed toward a single objective.
of the goals of management Every organisation has a defined
that is aligned with the goals of purpose, goals, and targets, among
the organization, and to do so, other things, that must be met.
it establishes effective These goals will not be met unless
authority and responsibility every member of the organisation
relationships, i.e. who is contributes to them.
accountable to whom, who can
give instructions to whom, who The objectives of the organisations
are superiors and who are are already specified during the
subordinates. Management fills planning stage, and management
various positions with the right then assists in reaching those
people who have the necessary objectives within the pre-determined
skills, training, and time range. Every firm has its own
qualifications. Everyone should set of goals, but management aids in
have access to all jobs. reaching them.

 Establishes Equilibrium- It Reference :-

allows the organization to
thrive in an ever-changing 1. Essentials of Management. H.
environment. It maintains Koontz and H. Weihrich , 7th Edition,
contact with the changing Tata McGraw Hill
environment. The initial
2. Principles of Management, 4. Management-Text & Cases, V.S.P
Premvir Kapoor, Khanna Publishing Rao & Hari V. Krishna, Excel Books,
House, 2019 2005
3. Principles of Management - Text 5. Principles of Management, T.
and Cases, Dipak Kumar Ramaswami, Himalaya Publishing
Bhattacharyya. Pearson Education House, 2014
India, 2011. 6. Management of Technology and
Operations, R. Ray Gehani, Wiley,
1998