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Importance of Principles of Managementīefore we learn anything, it is always good to understand why is it important to know it? Running an organization is a huge task. The management ought to have people who can execute these roles efficiently in order to run the organization smoothly. They are as under:Įach of these roles requires a distinct feature. Henri Fayol’s 14 principles of Management also segregated the function of management into five distinct roles, these roles help understand management better. These 14 principles incorporate within them the rules and guidelines with which management should ideally function.ĭo you know about Taylor’s Scientific Management Key Roles in Management Henri Fayol gave us 14 principles of Management. In order to be an efficient manager, an individual must be aware of these principles. These principles are like basic guidelines for managers. The early scholars foresaw this need and came up with the principles of management.
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We have a proper chain of command which can only function if there is efficient management in place. In the corporate world, management has a very crucial role to play.
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An efficient class representative is the one who knows how to delegate duties and take command of the situation. There are so many things a class representative has to manage. The simplest example is, being the class representative. Sometimes you will be managing things without actually realizing it. You will see management in almost all walks of life.
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Henri Fayol defined management as, “Management is to forecast, to plan, to organize, to command, to coordinate and control activities of others.” In simple terms, management is a means of organizing and delegating the work that needs to be done among people who can do it, and then ensuring that said work is done diligently and timely. Management has been defined by several theorists in their own way.