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Importance And Importance Of Management Principles

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1. Introduction
The purpose of this section is to discuss the importance of management principles, and the impact on each organisation.
Principles of management are generally termed as the act of planning, organising, leading and controlling the operations of the basic element of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives.
Management Principles are essential, underlying concept and factors that form the foundations of a successful management.
Organisation already had to deal with management in practice since the last century. There were then very few tools, models and methods available to be implemented in …show more content…

These principles shall serve as the guideline for decision-making and management practices. They are the result of years of observation and concluded analysis of actual events that managers encounter in practice. Following are the principles founded by Henri Fayol. 1.1.1. Division of Work
In general, there are a variety of employee expertise area and differing skills. Different levels of expertise can be seen within the knowledge areas e.g. generalist to specialist. Personal and professional development support this. Specialisation enhances the efficiency of the workforce and increases productivity. In addition, accuracy and speed gain momentum too. This is applicable to the technical as well as managerial team.
1.1.2. Authority and Responsibility
In order to get things done in an organization, management has the authority to give orders to the employees. Of course with this authority comes responsibility.
With this authority or the accompanying power, individual possess the right to give orders to their subordinates. The responsibility can be traced back from performance and it is therefore necessary to make agreements about this. In other words, authority and responsibility go together and they are two sides of the same …show more content…

Base on the planned group's desired deliverables, Deirdre then organise the resources, material and space required accordingly.
Lead Leading people goes beyond simply managing tasks; rather, it involves the human portion of communicating, motivating, inspiring, and encouraging employees towards a higher level of productivity.
An employee will follow the directions of a line leader or manager because they have to, but an employee will voluntarily follow the directions of a leader because they believe in who he or she is as a person, what he or she stands for, and for the manner in which they are inspired by the leader.

Leading people goes beyond simply managing tasks; rather, it involves the human portion of communicating, motivating, inspiring, and encouraging employees towards a higher level of productivity.
An employee will follow the directions of a project manager because they have to, but an employee will voluntarily follow the directions of a leader because they believe in who he or she is as a person, what he or she stands for, and for the manner in which they are inspired by the

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