Category: PRINCIPLES OF MANAGEMENT

An organisation chart shows a diagrammatic representation of important aspects of an organisation including the major functions and their relationships. It is a blueprint of the company organisation, its functions lines of authority and way positions. In other words, it is a graphic portrayal of positions in the enterprise and of the formal lines of accountability among them. It provides Read More …

The term ‘span of control’ is also known as ‘span of supervision’ or ‘span of authority’. Simply stated it refers to the number of individuals a manager can effectively supervise. Thus, it is expected that the span of control, that is, the number of subordinates directly reporting to a superior should be limited so as to make supervision and control Read More …

The principles of organisation are guidelines for planning an efficient organisation structure. Let us discuss the important principles of organisation: 1. Unity of objectives: An enterprise strives to accomplish certain objectives. The organisation and every part of it should be directed towards the attainment of objectives. Every member of the organisation should be familiar with its goals and objectives. There Read More …

Since planning is a function of management, it must be based on certain principles to serve as guidelines for undertaking the function in right earnest. We may outline the principles of planning as below 1. Principle of top management interest: The chief executive of the organisation must show genuine interest in planning, submit himself to the discipline of planning and Read More …