Management Functions and Principle

Industrial Management course, KUET Mechanical 2K15.

Published on 3rd December 2019. Presentation by students.

1. Presented By,
Md Maruf Hossen(1505067)
&
Arup Kumar Debnath (1505073)
Department of Mechanical Engineering
Khulna University of Engineering & Technology, Khulna-9203
3
rd
December,2019

2. MANAGEMENT
Managementistheartofsecuringmaximumresultswithaminimumeffortsoasto
securemaximumprosperityandhappinessforbothemployerandemployeeandgiving
publicthebestpossibleresults.
-Prof.JohnFMec
Managementistheartandscienceofpreparing,organizinganddirectinghumaneffort
appliedtocontroltheforcesandutilizematerialsofnatureforthebenefitofman.
-ASME

3. MANAGEMENT PRINCIPLE
Taylor’sPrinciple:
1.Replacingruleofthumbwithscience.
2.Obtainingharmonyingroupaction.
3.Achievingtheco-operationofhumanbeing.
4.Workingmaximumoutputratherthanrestrictedoutput.
5.Scientificallyselectandthentrain,teach,anddeveloptheworker.
6.Workersaretobepaidaccordingtotheirproductivity.

4. MANAGEMENT PRINCIPLE
HenryFayol’sPrinciple:
1. Division of work
Specialization increases output by making employees more efficient.

5. 2. Authority and Responsibility
Managers must be able to give orders, and authority gives them the right.
Responsibilityis the natural consequence and essential counterpart, and whosesoever
authority is exercised responsibility arises.
MANAGEMENT PRINCIPLE

6. MANAGEMENT PRINCIPLE
3. Discipline
Employees must obey and respect the rules
that govern the organization.
4. Unity of command
Every employee should receive orders from only one
superior.

7. 5. Unity of direction
The organization should have a single plan of action to guide
managers and workers.
6. Subordination of individual to general interest
The interest of any one employee or group of employees should
not take preference over the interests of the organization as a
whole.
MANAGEMENT PRINCIPLE

8. 7. Remuneration of personnel:
Bonuses and profit-sharing and non-financial
incentives.
MANAGEMENT PRINCIPLE
8. Centralization:
This term refers to the degree to which subordinates are
involved in decision making.

9. MANAGEMENT PRINCIPLE
9. Scalar chain
Thelineofauthorityfromtopmanagementtothelowest
ranksisthescalarchain.
10. Order
Fayol defines the formula for order as “a place for
everyone and everyone in his place”. People and
materials should be in the right place at the right time.

10. MANAGEMENT PRINCIPLE
11. Equity
Managers should be kind and fair to their subordinates.
12. Stability of tenure of personnel:
Timeisrequiredforanemployeetogetusedtonewworkandsucceedin
doingitwell,alwaysassumingthathepossessestherequisiteabilities.If
whenhehasgotusedtoit,orbeforethen,heisremoved,hewillnothave
hadtimetorenderworthwhileservice.Ifthisberepeatedindefinitelythe
workwillneverbyproperlydone.

11. MANAGEMENT PRINCIPLE
13. Initiative:
Employeeswhoareallowedtooriginateandcarry
outplanswillexerthighlevelsofeffort.
14. Team spirit:
Espritdecorps:Means“Unionisstrength”.
Promotingteamspiritwillbuildharmonyand
unitywithintheorganization.

12. MANAGEMENT FUNCTION
Leading
Basic Functions of Management in any
Organization
1.Planning
2.Organizing
3.Staffing
4.Leading
5.Controlling

13. MANAGEMENT FUNCTION
Planning:
Process used by managers to identify and select appropriate
goals and courses of action for the organization. It is future
oriented and determines an organization’s goal.
Stepsforgoodplanning:
Whichgoalsshouldbepursued?
Howshouldthegoalsbeattained?
Howshouldresourcesbeallocated?

14. Organizing:
Organizingrequiresaformalstructureofauthorityand
thedirectionandflowofworkastoattainthe
prescribedgoal.
Managersgrouppeopleintodepartmentsaccording
tothetasksperformed.
Managerslayoutlinesofauthorityand
responsibilityformembers.
MANAGEMENT FUNCTION

15. MANAGEMENT FUNCTION
Staffing:
Staffingisthefunctionofhiringandretainingasuitable
work-forcefortheenterprisebothatmanagerialaswell
asnon-manageriallevels.Itinvolvestheprocessof
recruiting,training,developing,compensatingand
evaluatingemployeesandmaintainingthisworkforce
withproperincentivesandmotivations.Sincethehuman
elementisthemostvitalfactorintheprocessof
management,itisimportanttorecruittheright
personnel.

16. MANAGEMENT FUNCTION
Leading:
Theleadingfunctionisconcernedwithcommunication,
motivation,andsupervisionsothattheemployeesperform
theiractivitiesinthemostefficientmannerpossible,in
ordertoachievethedesiredgoals.
•Thecommunicationmustbeopenbothwayssothatthe
informationcanbepassedontothesubordinatesandthe
feedbackreceivedfromthem.
•Motivationisveryimportantsincehighlymotivated
peopleshowexcellentperformancewithlessdirection
fromsuperiors.
•Supervisingsubordinateswouldleadtocontinuous
progressreportsaswellasassurethesuperiorsthatthe
directionsarebeingproperlycarriedout.

17. MANAGEMENT FUNCTION
Controlling:
Incontrolling,managersevaluatehowwellthe
organizationisachievingitsgoalsandtakescorrective
actiontoimproveperformance.
Incontrollingamanagersusetheirpower,influence,
vision,persuasion,andcommunicationskills.
Managerswillmonitorindividuals,departments,and
theorganizationtodetermineifdesiredperformance
hasbeenreached.
Managerswillalsotakeactiontoincreaseperformance
asrequired.
Theoutcomeofthecontrollingfunctionistheaccurate
measurementofperformanceandregulationof
efficiencyandeffectiveness.