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
Premium Management
Principles of Management by Frederick Taylor 1. Develop a specific science for each job Management first needs to break each job into individual tasks and determine which steps don’t contribute to the end product. While I was working for a small manufacturing company‚ management decided that our department was due for an overhaul to streamline the work process and increase production. Our main job each day was to fill 80-100 bins with various parts. We walked about 10 miles on average each day
Premium Management
UNIT 5: ACCOUNTING FOR DEBENTURES LEARNING OBJECTIVES I) II) III) IV) V) VI) VII) IX) X) Understand the meaning and features of debentures. Differentiate between shares and debentures. Understand different classes of debentures Journal entries regarding issue of debentures for cash and for consideration other than cash. Accounting treatment of debentures issued as collateral security Accounting treatment of issue and redemption of debentures at par‚ discount and at premium. Understand the methods
Premium Bond Stock Debenture
Henri Fayol‚ the father of the school of Systematic Management‚ was motivated to create a theoretical foundation for a managerial educational program based on his experience as a successful managing director of a mining company. In his day‚ managers had no formal training and he observed that the increasing complexity of organisations would require more professional management. Fayol’s legacy is his generic Principles of Management. Of Fayol’s six generic activities for industrial undertakings
Premium Management
about “Principles”. My first lesson was that principles‚ which are invariant values and long-lasting‚ act as life compasses for anyone who wants to succeed. At first‚ the term “principles” seemed unfamiliar to me. Thus‚ my brother explained them with many examples and stories of successful men such as Bill Gates‚ Steve Jobs. What he tried to imply was that basic principles were
Premium Khalil Gibran Bill Gates Debut albums
GENERAL PRINCIPLES OF MANAGEMENT Seminar By: Mithra.S Context: 1. What is Management? 2. Functions of Management a. Planning b. Organizing c. Directing d. Controlling 3. Major functional areas of Management e. Production Management f. Personnel Management g. Marketing Management h. Financial Management 4. Fayol’s 14 Principles of Management 5. Managerial Qualities and Training WHAT IS MANAGEMENT? Management is basically concerned
Premium Management
BBA 102 UNIT TITLE PRINCIPLES OF MANAGEMENT LECTURER DATE SUBMITTED 8TH 0CTOBER 2013 THE ASSIGNMENT. 1. Is management an art or a science? Discuss. 2. Is management a profession? 3. Does management need ethics? Discuss the ethics of management References *Unit Class Notes *Principles Practice of Management‚ L M Prasad‚ Sultan Chand&Sons (5th Ed)‚ 2000. *Management (principles and practise) simplified‚ Nisar Ahmed
Premium Ethics Scientific method Management
Fayol’s Principles Of Management In Mcdonalds of authority and unity of direction). [pic][pic] Fayol (1841-1925) Functions and Principles of Management Henri Fayol‚ a French engineer and director of mines... Premium Fayol 14 Principle Of Management wordpress.com/2008/12/04/henri-fayols-14-principles-of-management/). Wherever authority is exercised responsibility arises. The application of essential to good... Premium Fayol’s Principle Of Management complexity of organizations‚ more professional
Premium Management
Applications of Laser Application 1 : Defense A Laser Range Finder is an example of an application in the defense system of a country. To knock down an enemy tank‚ it is necessary to range it very accurately. Because of its high intensity and very low divergence even after travelling quite a few kilometers‚ laser is ideally suited for this purpose. The laser range finders using neodymium and carbon dioxide lasers have become a standard item for artillery and tanks. These laser
Premium Laser
------------------------------------------------- Application security Application security encompasses measures taken throughout the application’s life-cycle to prevent exceptions in the security policy of an application or the underlying system (vulnerabilities) through flaws in the design‚ development‚deployment‚ upgrade‚ or maintenance of the application. Applications only control the use of resources granted to them‚ and not which resources are granted to them. They‚ in turn‚ determine the
Premium Robot Robotics