Principal of Management 2023
Principal of Management 2023
4. 1. Division of Work
Henri believed that segregating work in the workforce amongst the
workers will enhance the quality of the product. Similarly, he also
concluded that the division of work improves the productivity,
efficiency, accuracy and speed of the workers. This principle is
appropriate for both the managerial as well as a technical work level.
2. Authority and Responsibility
These are the two key aspects of management. Authority facilitates
the management to work efficiently, and responsibility makes them
responsible for the work done under their guidance or leadership.
3. Discipline
Without discipline, nothing can be accomplished. It is the core value
for any project or any management. Good performance and sensible
interrelation make the management job easy and comprehensive.
Employees’ good behaviour also helps them smoothly build and
progress in their professional careers.
4. Unity of Command
This means an employee should have only one boss and follow his
command. If an employee has to follow more than one boss, there
begins a conflict of interest and can create confusion.
5. Unity of Direction
Whoever is engaged in the same activity should have a unified goal.
This means all the people working in a company should have one goal
and motive which will make the work easier and achieve the set goal
easily.
6. Subordination of Individual Interest
This indicates a company should work unitedly towards the interest of
a company rather than personal interest. Be subordinate to the
purposes of an organisation. This refers to the whole chain of
command in a company.
7. Remuneration
This plays an important role in motivating the workers of a company.
Remuneration can be monetary or non-monetary. Ideally, it should be
according to an individual’s efforts they have put forth.
8. Centralization
In any company, the management or any authority responsible for the
decision-making process should be neutral. However, this depends on
the size of an organisation. Henri Fayol stressed on the point that
there should be a balance between the hierarchy and division of
power.
9. Scalar Chain
Fayol, on this principle, highlights that the hierarchy steps should be
from the top to the lowest. This is necessary so that every employee
knows their immediate senior also they should be able to contact any,
if needed.
10. Order
A company should maintain a well-defined work order to have a
favourable work culture. The positive atmosphere in the workplace
will boost more positive productivity.
11. Equity
All employees should be treated equally and respectfully. It’s the
responsibility of a manager that no employees face discrimination.
12. Stability
An employee delivers the best if they feel secure in their job. It is the
duty of the management to offer job security to their employees.
13. Initiative
The management should support and encourage the employees to take
initiatives in an organisation. It will help them to increase their
motivation and morale.
14. Esprit de Corps
It is the responsibility of the management to motivate their employees
and be supportive of each other regularly. Developing trust and
mutual understanding will lead to a positive outcome and work
environment.
In conclusion, the 14 Principles of Management the pillars of any
organisation. They are integral for prediction, planning, decision-
making, process management, control and coordination.
8.
The role of maintenance management is to optimize the
performance of productive facilities of an organization1. The
functions of maintenance management include234:
Overseeing all installation, repair and upkeep operations of an
organization's facilities2.
Developing policies, rules, and regulations to make
maintenance work more efficient and effective3.
Ensuring that maintenance operations are done on time so that
maintenance work is not delayed3.
Ensuring that the organization complies with rules,
regulations, and policies3.
Predicting potential issues and scheduling regular
maintenance tasks to eliminate them.
b. In the context of industrial engineering, there are four types of
maintenance that are commonly used 1:
1. Corrective or Breakdown Maintenance: This type of
maintenance is performed after the equipment has failed and is
unable to perform its normal function. The maintenance
department comes into action and makes necessary repairs after
checking.
2. Scheduled Maintenance: This type of maintenance is
performed at regular intervals to prevent equipment failure. It is
also known as preventive maintenance.
3. Preventive Maintenance: This type of maintenance is
performed to prevent equipment failure. It is based on the
assumption that equipment failure can be prevented by
performing maintenance activities at regular intervals.
4. Predictive Maintenance: This type of maintenance is
performed using data analysis techniques to predict when
equipment failure is likely to occur. It is based on the
assumption that equipment failure can be predicted by analyzing
data from the equipment.
1. Physiological needs are biological requirements for human survival, e.g., air, food,
drink, shelter, clothing, warmth, sex, and sleep.
2. Safety needs – people want to experience order, predictability, and control in their
lives.
3. Love and belongingness needs refers to a human emotional need for interpersonal
relationships, affiliating, connectedness, and being part of a group.
5. Esteem needs are the fourth level in Maslow’s hierarchy and include self-
worth, accomplishment, and respect.
5. Self-actualization needs are the highest level in Maslow’s hierarchy, and refer to the
realization of a person’s potential, self-fulfillment, seeking personal growth, and peak
experiences.