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Vivek Jain replied | 9 hrs ago
**Principles of Management**:
1. **Division of work**: Assign tasks based on specialization.
2. **Authority and responsibility**: Managers decide and are accountable.
3. **Discipline**: Maintain order and adherence to rules.
4. **Unity of command**: Each employee follows one manager.
5. **Unity of direction**: Align efforts toward common goals.
6. **Remuneration of employees**: Fair compensation motivates.
7. **Scalar chain**: Clear hierarchy of communication.
8. **Order**: Organize resources efficiently.
9. **Equity**: Treat employees fairly.
10. **Stability of personnel**: Minimize turnover.
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Sweety Kumari replied | 09 Aug
CAVITY
Bhavna Sharma replied | 10 Aug
ACTIVITY
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Prabhjot Kaur Kohli replied | 08 Aug
Vital, essential, main, major
Sweety Kumari replied | 09 Aug
Significant
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Abinash Sahu replied | 10 hrs ago
The principles of management are fundamental guidelines that help managers effectively run an organization. Here are some key principles of management: 1. Division of Work: Specialization increases productivity by allowing employees to focus on specific tasks. 2. Authority and Responsibility: Managers must have the authority to give orders and the responsibility to ensure tasks are completed. 3. Discipline: Employees must obey and respect the rules that govern the organization. 4. Unity of Command: Each employee should receive orders from only one superior to avoid confusion. 5. Unity of Direction: All activities should be directed towards the same objectives. 6. Subordination of Individual Interests to General Interest: The interests of the organization should take precedence over individual interests. 7. Remuneration: Employees should be fairly compensated for their work. 8. Centralization: The degree to which decision-making is concentrated at a single point in the organization. 9. Scalar Chain: A clear line of authority from top to bottom of the organization. 10. Order: There should be an orderly placement of resources and people. 11. Equity: Managers should be kind and fair to their subordinates. 12. Stability of Tenure of Personnel: High employee turnover is inefficient; stability promotes efficiency. 13. Initiative: Employees should be encouraged to take initiative. 14. Esprit de Corps: Promoting team spirit will build harmony and unity within the organization. These principles help managers make informed decisions, optimize resource use, and adapt to changing business environments. If you have any specific questions about these principles or need further details, feel free to ask! 😊