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Karan Varshney 6 years, 8 months ago
Posted by Geetha Unnithan 6 years, 8 months ago
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Posted by Arun Sehrawat 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
The importance of management principles can be understood by considering the following points:
- They help in providing useful insight to manage: Principles of management help in increasing managerial efficiency by adding to their knowledge and ability to understand the various situations more objectively. In simple terms, they act as a guide to overcome the situational hindrances.
- Optimum Utilization of Resources and effective administration: Management principles help in organizing various activities in such a way that results in the elimination of unwanted activities and consequent wastage In short, overlapping of work.. Management principles help in managing organizations effectively. For example, Unity of Command helps to avoid confusion and conflicts Unity of Direction ensures unity of actions to facilitate coordination.
- Scientific decisions: They help the managers in taking the decisions based on the objective assessment of a situation. Thus decisions taken are logical and free from any bias and prejudice. Moreover they are firm decisions and are not based upon intuitions.
- Meeting changing environment requirements: Though the principles are only guidelines for action yet they can be modified according to the need of changing situations. Thus principles of management help in meeting changing requirements of the environment. Thus, it is truly said that Management principles are flexible in nature.
- Fulfilling social responsibilities: Principles of management have been devised in such a way that they help in fulfilling social responsibilities. for instance, the Principle of esprit de corps states that there should be harmony in action which brings a sense of respect and recognition for each other among the workers.
- Management training, education and research: Principles of management are the fulcrum of management theory so that they are used as a basis for management training, education and research. Depending upon the past mistakes, the principles are modified according to the present situation.
Posted by Kaviya Darshini 6 years, 8 months ago
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Sivagiri Sivagiri 6 years, 8 months ago
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Posted by Scaria Philp 6 years, 8 months ago
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Keegan Dsilva 6 years, 8 months ago
Harkaran Singh 6 years, 8 months ago
Posted by Scaria Philp 6 years, 8 months ago
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Gaurav Seth 6 years, 8 months ago
Critical point control
- Not an economical and easy to have a control on each activity. So it focus on key result areas which is critical points to an organisation
- Take control of KRAs which are critical for an organisation
Three benefits of the principle of critical point control are as follows:
(i) It helps in saving time, and thus manager can focus on other relevant issues.
(ii) It helps in analyzing the key areas, which have a direct impact on the whole organisation.
(iii) It enables a manager to focus on Key Result Areas and correct deviations.
Management by Exception
- Principle management control based on the belief of attempting to control which is not in control of an organisation
- Take control only if there is significant deviations
Posted by Shivam Pandey 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
1. Leaders create a vision, managers create goals.
2. Leaders are change agents, managers maintain the status quo.
3. Leaders are unique, managers copy.
4. Leaders take risks, managers control risk .
5. Leaders are in it for the long haul, managers think short-term.
6. Leaders grow personally, managers rely on existing, proven skills.
7. Leaders build relationships, managers build systems and processes.
8. Leaders coach, managers direct.
9. Leaders create fans, managers have employees.
Posted by Salma Firdous 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
Management includes various steps such as planning, organising, staffing, directing and controlling. As in a process we have to work in a systematic way. This process begins with those at the top of the organization they start planning and organising and done staffing, directing and controlling at almost every level of the organisation. These steps are interconnected with each other and help to achieve organisational goals in an effective and efficient manner. That is why management is known as the process of employing and organising resources to accomplish predetermined objectives.
Posted by Mahek Agrawal 6 years, 8 months ago
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Posted by Sakshay Aggarwal 6 years, 8 months ago
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Posted by Nikhil Choudhary 6 years, 8 months ago
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Posted by Sakshay Aggarwal 6 years, 8 months ago
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Posted by Ritik Singh 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
Management is not considered as science as:
- Management deals with people and it is very difficult to predict there behaviour accurately since it is a social process therefore management cannot be considered as an exact science.
- Human Behaviour Cannot be subjected to laboratory experiments.
- Business is a dynamic activity, business situations and conditions keeps on changing therefore theories can be failed.
- Management principles do not have universal applicability since there applications and rules has to be modified according to given situation.
- Business has to honour social ethics, norms, values no one can ignore these. Business has to follow ethics before principles.
- Methods of observations followed by mgt are not cent percent since the human element which is involved in it can never be treated as constant.
- Sometimes it is very difficult to establish cause & effect relationship as in chemistry and Physics.
- Relatively few managers are trained and experienced some of them even don't know the principles of the management.
- According to Earnest Dale," Management is a Soft Science."
Posted by Aadhithya _Aadhithya 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
Posted by Kirat Kaur 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
Coordination activates each function of management and makes them effective and purposeful. It helps in achieving harmony among individual efforts for attaining organisational goals. It is present in all the activities of an organisation such as production, sales, finance etc.
Posted by Saumya Chaurasia 6 years, 8 months ago
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Tanya Jaiswal 6 years, 7 months ago
Anubhuti Srivastava 6 years, 8 months ago
Sia ? 6 years, 8 months ago
Management is all pervasive that means it is applicable everywhere.Because,it has universal application. It is applicable to educational institutions as well as NGO's. Management means to get the things done from others.
Posted by Rajesh Maurya 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
Because management unites the efforts of different individuals in the organisation Towards achieving the goals.
Posted by Sharan Kaur 6 years, 8 months ago
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Anubhuti Srivastava 6 years, 8 months ago
Posted by Sharan Kaur 6 years, 8 months ago
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Posted by Sharan Kaur 6 years, 8 months ago
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Posted by Misthi Kansal 6 years, 8 months ago
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Sia ? 6 years, 8 months ago
AN ICE CREAM SHOP BUSINESS TAX REGISTRATION (business license)
(also called occupational license or business permit)
AN ICE CREAM SHOP DBA (DOING BUSINESS AS)
(fictitious/assumed business name or trade name) Alternatively you can form an LLC or incorporate
A FEDERAL TAX ID (EIN)
You can use it as a sole owner to open a bank account instead of using your SS#.Employers , independent contractors, LLC, corporation are required to obtain it
AN ICE CREAM SHOP SELLER'S PERMIT /WHOLE SALE RESALE STATE ID
This is the sales tax id you will need if you will sell retail or whole sale or buy wholesale any icecream shop material , item, merchandise, food etc.

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Tanya Jaiswal 6 years, 7 months ago
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