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Basic principles of business management

Basic principles of business management

  • 2020-09-18 13:57:34
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Basic principles of business management

Management


It is the accomplishment of the goals to be achieved through the people and resources available through the job
Basic  (planning, organizing, commanding, Recruitment
, controlling) .
The five administrative functions .


1 -Planning and this administrative function through which we expect the future and determine the path of the organization or individual's direction towards achieving its goals through a short-term or long-term plan.
2 -Organization, which is the function that works on the compatibility between human and material resources available through designing a basic structure of tasks and powers.
3 - Employment: it is training the individual and placing him in the right place for him.
4- Guidance: to guide and motivate employees towards the goals of the organization.
5-Control: it is to monitor performance and measure the extent to which it has achieved the required goals.
Management principles forHenri Fayol

He defined the five administrative functions, as well as developed the fourteen administrative principles that include all administrative tasks, and called for their development according to the special circumstances of each organization:
1 - Specialization and division of work: Specialization allows the worker to gain skill in the specialization in which he works, and the accuracy and speed in completing the work increases efficiently and thus increases the quality of the output.
2 - Authority and Responsibility: In Henry Fayol's view, authority and responsibility are linked. Responsibility is among the basics of authority, and authority is a mixture of formal authority derived from management, and personal authority that consists of intelligence, experience and moral value.
3 - Understanding, order and politeness: it includes obedience and respect for the rules and laws followed within the organization, and this element is considered one of the most important success factors for any organization, in which the role of a successful leader shows the ability to achieve compliance with orders, instructions and regulations.
4- Unity of the source of orders: which means that there should be one agency responsible for issuing orders, so having one supervisor on the group gives his orders to them is better than duplication of orders.
5 - The unity of the source of direction: It requires that each group has one goal towards which it must be directed, and direction must be through one leader who is the main guide for that group to achieve a specific goal.
6 - Preferring the public interest over the individual interest: The general goal of the group must be to achieve the goals of the organization, so that individual goals do not override the general goals.
7 - Reward and compensation: the value of the reward paid to the individual must be satisfactory to him, and it makes the individual feel his value when managing the organization, and achieving a high level of job satisfaction.
8 - Equality: equality between individuals and achieving justice between them to gain their confidence and increase their loyalty at work.
9 - The hierarchy of authority: it is the hierarchy of managers starting from the central administration, gradually moving to the smallest administrative units, from the top to the bottom.
10- Arrangement: a good arrangement of people within the organization so that the right person is placed in the appropriate work for him and a good physical arrangement of material things.
11 - Consistency at work: It is not correct to change employees from time to time, as this is a symptom of administrative failure.
12 - Initiative: It is to give the employee the opportunity to practice his ability to behave well and develop his spirit of creativity and innovation.
13 - Team or group spirit: Developing the spirit of cooperation among the team or group members and encouraging them to team up and join hands in the efforts exerted to achieve the general goals.
14- Centralization and delegation: it means the concentration of authority in a specific person and then delegating it under the special circumstances of each organization.