A Class notes for MBA- first year students, on principles of management in simple language,- Introduction of management, Scientific management(Taylor law). this blog guide the student to achieve your career, personality development and career,job related article.
The nature of management
has the following features.
Universal process: - Management is universal in nature;
it is applied in all types of process like commercial, social or political.
Management exists everywhere in universe. The basic principles of management
can be applied everywhere, whether they are business or non-business
Continuous Process: - Management is a never ending
process. Management is a continuous process because it always carries the past
decisions for the future course of action to achieve organization goals.
Multi-disciplinary method: - Management is
basically multi-disciplinary; it depends on the proper knowledge and skill of
various disciplines such as economics statistics, anthropology, psychology,
Group activity: - Management requires the use
of group-efforts to achieve their goal. Management is a vital part of group
activities. Management unites with their goal what they cannot achieve individually.
Intangible force: - Management is intangible.
It is an unseen force, but its presents seem in the form of results.
Social Management: - Management is a social
process in nature, it essentially involves managing people, it concern to developing,
retaining and motivating people at work place and also care of their satisfaction.
Coordinating force: - Management cannot do
anything by them. They should get their work done by organization’s member. In the
any organization, management coordinates the efforts of human recourse through orderly.
- Management is a goal oriented in nature. It works only to achieve particular
goal which decide by the organization.
Relative, not absolute principles: - Management
principles are relative not absolute, because they should be applied according
to need and condition of the organization.
An integrative method: - Management integrated the
living and non-living resources to achieve the desired goal.
post shared here are base on my study in case you find anything wrong and
missing points than please bring it to my notice.
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Management is the catalyst
and brain of industry without which no any organization can established or
survive in the business environment. But, management was not know in old times
as it presently seems, it became this world at the beginning of the industrial
revolution when the scale of production
became vary large and need to control its various stage of production and
distribution problems in the industries. This problem required an immediate
action and attention for the coordinate of work. Thus management was born in
industries to solve and manage industrial conditions. Now management is
worldwide in the modern industry. It becomes essential part of modern industrial
According to Trucker,"management
is the dynamic life-giving element in every business. Without it the resources
of production remain resources and never become production. Management is the
catalyst without which no organization can survive and grow”.
to Peter Druker,” management is the crucial factor in economic and
Thus the importance of
management can be summarized as below-
objectives and goals: - Management determines the objectives and main goals for the
- Management encourages to using new technology
and ideas. Innovation makes the organization more efficient.
- Management provides guidance to the workers to
work properly and efficiently.
-Management motivates the workers to work hard by
providing them various incentives. They also solve their personal problems.In this way they can boost
the productivity and profitability of the organization.
cost by increasing output: - Management does work through planning, organizing and controlling;
thus, it reducing the cost and increasing the output.
utilization of resources: - Management utilizes all the physical and human resource effectively;
this leads to efficiency in organization. Management provides maximum
utilization of scare resources by selecting its best possible alternate. It
avoids wastage to utilize proper resources.
of well qualified human power: - Management selects well qualified and expert human power for different
helps in serving an organization in its dynamic environment. It enables the
organization to survive in changing environment. The environment of organization changes due to external complexities
and hence management has to deal with it. To establish sound organizational structure
is one of the objectives of management.
for society: - Management provided
good standard of living to his workers. And management provides useful and quality
products to the consumers.
At the last, in
the word of Peter Druker,
“Management is the dynamic life
giving element in every business without it the resources of production remains
resources and never become production”.
Notes- this post shared here are base on my study
in case you find anything wrong and missing points than please bring it to my
Managing an organization effectively requires the
formulation of clear objectives. The objective is well defined, and the
objective points (question) of making necessary efforts to achieve it. Objects
and aims direct a man to proceed in a certain way for achieving organizational aims.
Objective serves as guidelines or landmarks or road lines
for action and efforts to achieve managerial goal. Well defined objective steers an organization to success.
According to George R.
managerial objective is the goal which prescribes definite scope and suggests
the efforts of a manager."
In the words of Peter F.
Drucker,"Objectives in the key areas are the
'instrument panel' necessary to pilot the business enterprise. Without them the
management flies by the 'seat of the pants' without landmarks, without maps and
without having flow route before."
According to Heinz
Weihrich and Harold Koontz defined objectives of management as, “A systematic
manner and that is consciously directed toward that effective and efficient
achievement of organizational and individual objectives”.
provides a direction for the organization goal and quality of work to be
accomplished within a given period of time.
are the values which are to be achieved by the organization. These objectives set
by the higher management; and every level of management, a supervisor of a team
sets the objectives and also decides the process to achieve them. For achieving
the objectives, it is essential that the managerial objectives are clear and
main objectives of management:-
increasing organizational effectiveness.
achieve optimum utilization of various resources.
have co-ordination between various department in the organization.
have co-ordination between various agencies, and company.
control the material quality.
reduces the execution time for various activities of the organization.
control the quality of workmanship.
manage and control economy execution.
Notes:this post shared here are base on my knowledge and study in case you find anything wrong and missing points than bring it to my notice.
Shri Ram Sharma was a
Indian sage and seer. He pioneered the revival of spirituality. He was a pious of
Gayatri Mata and great student of Dada Guru shri Sarweshwra Nand. He was
integrated the modern and ancient science and religion. Pandit Shriram Sharma
was great devotee of Goddess Gayatri. He was master in the highest kind of
Gayatri Shadana and Tantra which is described in Vedas and Hinduism. He gave
simple shadhana method which could be easily pursued by the common person.
Shriram Sharma Acharya
was born on the 20th September 1911 as the son of Pandit Roopkishore Sharma and Dankunvari Devi
in Anvalkhera, dist. Agra, India.
Shriram Sharma Acharya
personality was a pious, yogi, Spiritual scientist, prominent philosopher, researcher,
writer freedom fighter, eminent scholar and visionary of new era.
The Establishment of Shantikunj
He was a founder of the
All World Gayatri Priwar, Which has its headquarters at Shantikunj Haridwar,
India; Established in 1971. Shantikunj
initiated and guided by pandit Shriram Sharma
Acharya ji’s vision, has grown into a sovereign university.The unique
spiritual austere abode, from where the great Gayatri moment was launched by
Pandit Shriram Sharma Acharya ji. The Place has had considerable growth and
development with a wide range of followers given to the powerful austere
pursuit of Gayatri, including meditation, havan, Mantra chatting.
The great sage lived an
ideal life for 80 years and voluntarily shed his physical sheath on Gayatri
Jayantri-2nd June, 1990 at Haridwar.
He authored more than
3000 inspiring literature. He explains the philosophy of Upanishads and created
new Puranas and Pyagaya Purana.
Jai Guru Dev…
Jai Ma Gayatri
Note: This post shared here are base on my Knowledge in case you find anything wrong and missing points than please bring it
to my notice.
Recommended Links on Management notes (MBA and B.tech)
Management is one or the other form has existed in
every nook and corner of the world since the dawn of civilization. Modern
Management has grown with the growth of social-economics and scientific
institution. Modern view consists that a worker does not work for only money.
They work for their satisfaction and happiness with good living style. Here
Non- financial award is most important factor.
Modern management theories started after 1950s.
Modern management theory focuses the development of each factor of workers and
organization. Modern management theory refers to emphasizing the use of
systematic mathematical techniques in the system with analyzing and
understanding the inter-relationship of management and workers in all aspect.
following three Streams-
Quantitative approach also called Operation
Research. Quantitative approach is a
scientific method. It emphasizes the use of statistical model and systematic
mathematical techniques to solving complex management problems. Its helps the
management to making decisions in operations. It can only suggest the
alternatives based on statistical data. It cannot take final decision.
It helps the management for improving their decision
making by increasing the number of alternatives and giving faster decisions on
any problem. Management can easily calculate the risk and benefit of various
Major contributors in Quantitative Approach are-
System approach was developed inlate1960s. Herbert
A. Simon is the father of system theory. A
System is defined as a set of regularly interacting or inter - dependent
components that create as a whole unit. The system concept enables us to see
the critical variables and constraints and their interactions with one another.
to Cleland and King; “ A system
is composed of related and dependent elements which when in interaction from a unity whole”.
A system must have
some specific components, units or sub units.
A Change in one
system affects the other subsystems.
Every system is
influenced by super system.
All systems along
their subsystem must have some common objectives.
A system is a
A system cannot
survive in isolation.
in system theories are-
Approach also knows as situational approach. In 1980s, it is recognized as a
key to effective management. This approach accepts the dynamics and
complexities of the organization structure. An organization is affected by its
environment and environment is composed by physical resources, climate,
persons, culture, economic and market conditions and their laws.
This approach argues that there is no one
universally applicable set of rules by which to manage organization.
in the contingency theories are-
Paul R. Lawrence,
theory depends upon System approach and Contingency approach. Management is influenced
by Internal and external environment. Appropriate techniques are determined by situation
and Environmental factors of an organization.
Thus the conclusion is that there cannot be
any fixed universal principles of management and organizations.
Nb: In near future I will be sharing a
post on “Objectives of management”.
Note: This post shared here are base on my
study in case you find anything wrong and missing points than please bring it
to my notice.
Neo- classical theory is also referred to as behavioral scienceapproach to modifying and
improving the classical theory. While classical theories focused more on structure
and physical aspects of the worker and Neo-classical theory gives importance to
human and social aspects of the worker and his relations in the organization.
The neo-classical theory is based on the Hawthrone
Elton Mayo conducted the Hawthrone experiments at Hawthron plant of General
Electronic Company (GEC) between 1927 and 1993 at Chicago with 30,000 workers.
The Hawthron plant was manufacturing telephone system bell. The objective of
the experiment was to find out the behavior and attitude of workers at
workplace under better working conditions. In the company, when management
provide the benefits of medical allowance and pension with recreational
facilities. Even thought workers get all facilities but the productivity was
not up to expectation. So, in 1924, the professor Elton Mayo and his research
team investigate the reasons for dissatisfaction of employees and
decrease in productivity.
Four Phase of
Prof. Elton Mayo and his team conducted
researches in four phases.
Illumination experiments (1924
Relay assembly room experiments
(1927 – 1928)
Mass interviewing programme
Bank wiring room study (1931 –
Result of Hawthrone Experiments:
Motivation: Employees are not
motivated by only money (bonus scheme and incentive).
Communication: communication helps the
management and employees to have better mutual understanding. Through
proper communication, management can easily identified the
problem faced by its employees and can easily solve out.
Social factors: Social factors are
responsible for deciding the level of output.
are not as individual identity but as members of a group in an
organization and they have their own norms and beliefs. Workers behavior
depends upon his mental level and emotions. Workers began to influence
their group behavior towards management.
Relationship: Employees do not like
order and command. They preferred to maintain amicable relationship with
their co-workers. They want co-operative attitude from their superiors.
Production level: Teamwork and Group
psychology increases productivity.
Criticism of Hawthrone
Hawthrone experiment was not
In the experiment,
various format and structure are not feasible.
Eltone Mayo gives more
importance to human aspect and ignoring other important aspects.
Group conflict is
prevalent in an organization.
Hawthrone experiment did not
give any recognition to the forces which are responsible for productivity
in the organization.
Eltone Mayo has assumed that a satisfied employee would be productive. But
the finding was different. There is no link between working condition and
Major contributors of
Neo-classical theory are:
Chris Argyris- He recommended
that worker should be given freedom to make their own judgments.
Mary Praker Follett: He referred group
Dougals Me Gorgor: he referred two
X-theory- it is based on
classical theory and
Y-theory- it is based on
Abraham Maslow:He referred individual
Note:This post shared here
are base on my study in case you find anything wrong and missing points than
please bring it to my notice.