Posts

Showing posts with the label Principles of Management

What does Management Mean - Principles of Management

Image
Here we discuss about the most important topic “ What Does Management Mean ” Management is the process of planning, organizing, staffing ( HRM ), leading and controlling the organization to accomplish goals. It is the most important subject for any organization and ignoring this subject leads to the failure of the organization. The study of this subject is wide and it covers various areas departments like Sports Club, Accounting, Finance and so on. Every process is very important in achieving the goals set for the success of the organization. Planning Management starts with Planning that sets our goals towards end results. Planning may be Start-Up Plans that set at top level and Operational Plans that set at middle and bottom line management. Organizing Organizing the Planned Data is the second step.  All the set Goals to accomplish end results are properly organized. Vision, Mission Statement, Plans, Goals, Objectives and Strategies...

Disadvantages of Being a Manager – Principles of Management

Image
Here are the disadvantages of being a  Manager (Think positively because these difficulties or disadvantages make a manager strong and determined. 1 Strict working hours     The first disadvantage for a manger is to face workload, longer hours but pay is not so great in lower levels. For example that manager working as first line manager has to work hard to see the work of lower employees but salary paid to them is very low e.g. Rs.10000. 2 Blame for Mistake Whenever the mistake arises the manager is the first person who has to face the blame and burden of failure in solving the problem. For example manager is the first person who has to blame for the mistake made by any employee that is under the control of manager. In fact it is the mistake of employee but as the manager task is to overseeing the work of others so he is responsible for this mistake. 3 Failure in fulfilling the Expectations Whenever the employee comes...

The Role of Manager in an Organization Planning and Decision Making Process (Steps In Decisions Making Process)

Image
Introduction Here we study the role of manager in an organization planning and decision making process (Steps I n Decisio ns Maki ng Process) . Firstly, we start from planning. Planning involves defining the organization's goals, establishing an overall strategy for achieving those goals, and developing plans for organizational work activities. In any organization or company, planning is the first phase of management that has to be made by professional managers. This phase is very important to any company as well to managers because many different planning functions and each planning function create a standard for each of its employees to follow. Why Managers Plan Planning and Performance Ø To plan because they must provide their business with specific regulations and schemes to succeed Ø To insure success Ø To know how to run the business in the most efficient and in the right    manner possible Planning Features Ø Plannin...