Principles of Management

Topics: Management, Decision making, Decision theory Pages: 9 (2701 words) Published: November 19, 2013


GRADUATE DIPLOMA IN
BUSINESS MANAGEMENT

Awarded by the Asia E University

Assignment
PRINCIPLES OF MANAGEMENT

Name of student:YUGENESH A/P KRISHNAN
Facilitator: MR.DASARATHARAO
KU Centre: PETALING JAYA
Index no: KUPJ (HQ) 00010
Question no: 1-4
Word count: 2551
Submission date: 20TH APRIL 2013

Contents Page
1. Importance of Management Principles1
1.1. Introduction1
1.1.1. Useful Approach to a Manager 1
1.1.2. Efficient and Effective Administration 1
1.1.3. Maximize the Usage of Resources2
1.1.4. Provide Scientific Approach in Decision-making2
1.1.5. Survive in Constantly Changeable Environment3
1.1.6. Management Training, Education and Research 4
1.2. Conclusion4
2. Case Study4
2.1. Consequences4
2.1.1. Planning5
2.1.2. Communication6
2.1.3. Management Functions6
2.1.4. Leadership7
2.1.5. Delegation8
2.1.6. Decision-making Process9
2.1.7. Accountability10
2.1.8. Conclusion11
3. References

1. Introduction – Importance of Management Principles
1.1 In my opinion, management and principle is the basis of any particles in an organization. The principles of management play an important role especially in the computing industry because it is one of the most dynamic industries. It acts as a business function that uses technology to manage and share master data across the organization. Not to mention with the practice of principles of management, it increases the velocity of the growth towards productivity in many ways per below. I have actually reviewed and expanded the ideas of Pujari S. from her article as follows. 1.1.1. Useful Approach to a Manager

A manager is able to perform his tasks efficiently. He presents an accurate reporting to his top management with the help of high tech devices, has all-inclusive views, monitors and analyses the activities of his employees on timely saving basis. For instance, the time attendance of employees these days is monitored by finger print system. Since it is an automated system, it reduces the amount of man power required to implement the finger matching requirement. Less cost is required as there is no replenishment for new punch cards. 1.1.2 Efficient and Effective Administration

Management has made IT to facilitate planning, executing and controlling by a manager in a systematical manner. Referring to Fayol’s (1841-1925) principle, ‘division of work’, each task is divided into smaller task and assigned to each different employee. When an employee does the work repeatedly, he gets used to it and thus able to complete his task in a given short period of time that leads to less usage of resources. Principle of management is also essential in maintaining an effective administrative system of a computer based organization. A manager must be able to make an excellent decision making. In order to make such decision, he has to be a good disseminator of information and gives authority to his fellow employees. For example, the principal of ‘scalar chain’ by Fayol suggests that hierarchy is fundamental for the unity of direction. 1.1.3. Maximize the Usage of Resources

Resources are divided into physical (computer, and machinery) and human (man power). The principle of ‘unity of command’ suggested that one superior is to be in charge of one sub-ordinate. Should there be more than a superior; then the sub-ordinate becomes confused to follow whose instructions. In this case, the resources (man power) is said to be wasted because it is unnecessary to assign a few managers to supervise an employee for the same goal attainment as it may raise few decisions that lead to goal alteration. Therefore, the manager has to act wisely in order to reduce the human wastage by taking the principle into account. 1.1.4. Provide Scientific Approach in Decision-making

What is...


References: 3.1. Book
Anbuvelan K. (2007) Principles of Management, New Dehli-110002: Laxmi Publications (P) Ltd
Burns G. (2012) A is for Accountability, Trafford
3.2. Online Article
Pujari S. (July 2007) “6 main Significance of Principle of Management” [online]. Available from http://wwwyouraticlelibrary.com/877/6-main-significance-of-principle-of-management (Accessed on 8 April 2013)
3.3. Website
“What is the role of computers in industries?” [online] Available from http://wiki.answers.com/Q/what_is_the_role_of_computes_in_industries (Accessed on 10 April 2013)
“What is Management?” [online] http://www.managementstudyguide.com/what_is_management.htm (Accessed on 15 April 2013)
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