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1st- Planning :
I.e Managers have to set objectives of an organization and decide how to achieve them. This will involve developing strategies, precises tactics, and allocating resources of people and money.
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2nd-Organizing:
This involves analysing and classifying the activities of the organization and the relations among them. Then separate manageable activities from individuals ones. Staff the organization with qualifies people, that means the right person for the right job.
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3rd- Integrating:
I.e Communicate the objectives of the organization to the staff, and motivate the workforce in order to make sure they accomplish their tasks.
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4th- Controlling:
Managers have to measure or control the performance of their staff, to see whether there is any deviation, and then take actions consequently.
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Last-Developing:
Managers have to develop both their subordinates and themselves. E.g. On-job training.
A principle refers to a fundamental truth. It establishes cause and effect relationship between two or more variables under given situation. They serve as a guide to thought & actions. Therefore, management principles are the statements of fundamental truth based on logic which provides guidelines for managerial decision making and actions. These principles are derived: - a. On the basis of observation and analysis i.e. practical experience of managers. b. By conducting experimental studies.
1. Division of Work:
Specialization allows the individual to build up experience, and to continuously improve his skills. Thereby he can be more productive.
According to Henry Fayol under division of work, "The worker always on the same post, the manager always concerned with the same matters, acquire an ability, sureness and accuracy which increases their output. In other words, division of work means specialization. According to this principle, a person