Principles Of Management

And the Role of Science & Knowledge in Management

PROTON BUSINESS SCHOOL

By :- Harsha Nagrani

Prateek Patel

Contents :-

Introduction Introduction to interviewed

company Principle followed by Organisation Role of Science Role of Knowledge Learning

Introduction Management :- It is a process

involving various functions that are performed to achieve stated objectives in an organisation.

Principle of Management :- A truth or general law that is used as a basis for a theory of belief for an organisation.

Introduction to interviewed company

Name :- Dwarka Castings & Engineering Pvt. Ltd.

Area :- Metal Castings Proprietor :- Mr. Bhanu Patel Branch of Management :-

Operations Management

Principle followed by Organisation

Division of Work Authority Discipline Unity of Command Unity of Direction Subordination of individual interest Remuneration

Centralisation / Decentralisation Scalar Chain Order Equity Stability of Tenure of Personnel Initiative Esprit de Corps

Principle followed by Organisation

Role of Science

Important in Production How to communicate ? Research Sustainable Development

Role of Knowledge

Making Policies Public Relationship Organisation Design Mandatory for Specified work

Learnings

How to judge PoM? Unity of Direction Treating employees well is

important to achieve equity