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Hindi edition of this book is also available with title Prabandh Ke Siddhant. Part I: Framework of Management. Introduction to Management. Development of Management Thought. Managers and Environment. Social Responsibility and Ethics.
Part II: Fundamentals of Planning. Organizational Plans.
Decision Making. Part III: Fundamentals of Organizing. Power and Authority. Conflict and Coordination. Organizational Change. Part IV: Fundamentals of Staffing. Employee Development and Performance Appraisal. Part V: Fundamentals of Directing. Part VI: Fundamentals of Controlling. Control Techniques. Part VII: Management Practices. Management Practices of Prominent Countries. Appendix 1: Learning through Cases. Appendix 2: Name Index Subject Index. Commerce Commerce. Economics Economics. Humanities Economics Political Science.
Management Comp. Accounting Mathematics Operations Research Statistics. Mathematical Sciences Mathematical Sciences.
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Read Books Online. Subordination of Individual Interest to Mutual Interest - The management must put aside personal considerations and put company objectives firstly. Therefore the interests of goals of the organization must prevail over the personal interests of individuals. Remuneration - Workers must be paid sufficiently as this is a chief motivation of employees and therefore greatly influences productivity. The quantum and methods of remuneration payable should be fair, reasonable and rewarding of effort.
The Degree of Centralization - The amount of power wielded with the central management depends on company size. Centralization implies the concentration of decision making authority at the top management. The principle suggests that there should be a clear line of authority from top to bottom linking all managers at all levels.
Order - Social order ensures the fluid operation of a company through authoritative procedure. Material order ensures safety and efficiency in the workplace. Order should be acceptable and under the rules of the company.
Equity - Employees must be treated kindly, and justice must be enacted to ensure a just workplace.
Managers should be fair and impartial when dealing with employees, giving equal attention towards all employees. Stability of Tenure of Personnel - Stability of tenure of personnel is a principle stating that in order for an organization to run smoothly, personnel especially managerial personnel must not frequently enter and exit the organization.