Business Studies CBSC Project Students have to collect and compile the information on the allotted topic for CBSC project during vacations. 1. Business environment - economic environment political‚ technical‚ social and legal environment. 2. Fayol principles of management 3. Scientific techniques 4. Marketing of various products a. Choclates b. Soft drinks c. Jeans d. Cosmetics e. Washing Power f. Mobile phone g. Pen h. Biscuits 5
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obstacles. * Scientific management (the Gilbreths) * Motion study * Science of reducing a job or task to its basic physical motions. * Eliminating wasted motions improves performance. * Administrative principles (Henri Fayol) — rules of management: * Foresight — to complete a plan of action for the future. * Organization — to provide and mobilize resources to implement the plan. * Command — to lead‚ select‚ and evaluate workers to get the best work
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Business management Lecturer: Dr.B.NDLOVU PhD Lecture One Objectives Definitions of Management Levels of management Functions of management Percentage time spent on functional activities The 10 roles of managers Managerial skills/ competencies required at different managerial levels DEFINITION OF MANAGEMENT WHAT IS MANAGEMENT? Management The process of coordinating work activities so that they are completed efficiently and effectively with and through other people Elements
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Chapter 1 Introduction of management Management is a universal phenomenon. It is a very popular and widely used term. All organizations - business‚ political‚ cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz‚ “Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can
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manager should get paid more than you: Work of average boss is ’worth 1.75 employees ’. Retrieved from http://www.dailymail.co.uk/news/article-2192335/Why-manager-gets-paid-Average-boss-worth-1-75-employees.html Sumon‚ A. (2010‚ August 6). Henry fayol ’s 14 principles of management. Retrieved from http://www.academia.edu/384009/Henry_Fayols_14_principles_in_Management Zeigler‚ S. (2014). The difference between a classical management theory & a human relations theory. Retrieved from http://smallbusiness
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effective management concepts and practices. Many of these current management concepts and practices‚ in fact‚ can be traced back to early management theories. One prominent management pioneer behind the general administrative approach was Henri Fayol. He was the key figure in the turn-of-the-century Classical School of management theory with his own development of a universal set of four management functions thats consist of Planning‚ Organizing‚ Leading (Commanding and Coordinating) and Control
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Date: 20/08/2014 Title: What is ‘management’? How are the different functions of management affected by the purpose of the organization? In the times of human’s history development‚ management had exited since organizational activities appeared. Experts summarized the experience of those activities and formed some of the management ideologies during the early years. Regrettably‚ the authentic management theories began to be established at the end of the nineteenth
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get effective co-ordination‚ contribution & perfect adjustment. It is the basic management function which includes formulation of one or more detailed plans to achieve optimum balance of needs or demands with the available resources.According to Urwick‚ “Planning is a mental predisposition to do things in orderly way‚ to think before acting and to act in the light of facts rather than guesses”. Planning is deciding best alternative among others to perform different managerial functions in order
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5 Co-ordination 6 Communication 7 Motivation 8 Conclusion 9 References 10 Introduction Henri Fayol was one of the most influential contributors to modern concepts of management. His career began as a mining engineer‚ later moving into research geology for Comambault. The company was struggling however‚ Fayol turned the operation round. Upon retiring he published his works – a comprehensive theory of administration. Personal experience and observation
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From where Henri Fayol got the idea of 14 principles of Management? Henri Fayol (1841-1925) was the managing director of large coal mining firm. He became famous by writing 14 principle of management. He described the practice of management as something distinct from accounting‚ finance‚ production‚ distribution‚ and other typical business functions. His belief that management was an activity common to all human beings in business‚ government‚ and even in the home led him to develop 14 principles
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