FML Unit 2 Principles and Functions of Management|Fundamentals of management and life skills|Bcom 1st semester Unit 2
Unit 2 Principles and Functions of Management visit website https://sugarybloom.blogspot.com FML Unit 1 Management click here What is management Management is the process of designing and maintaining and designing an environment in which individuals working together in groups efficiently, to achieve selected aims. Define management Management is defined as the process of planning organising, actuating and controlling an organisations operations in order to achieve coordination of the human and material resources essential in the effective and efficient attainment of resources. Explain Henry Fayol's principles of management The 14 principles of management given by Henry Fayol are 1.Division of work According to Fayol, division of work produce more and better work for the same effort. Division of work leads to specialisation. Here the work is divided into small tasks 2.Authority and Responsibility Authority is the right to give orders and responsibilit...