Project file on reebok on principles of management

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Project file on reebok onprinciples of management

fayol principles of management in reliance fresh

1. IIPS Principles & practices of management(PPM) Assignment Topic – Principles Of Management Guided By: Submitted By : 2013-2014
2. INDEX Sir Henri Fayol Reliance Fresh Introduction to Management Principles of management and its description in brief
3. Sir Henri Fayol Henri Fayol ( 29 July 1841 – 19 November 1925) was a French mining engineer & director of mines who developed a general theory of business administration. Fayol's work was one of the first comprehensive statements of a general theory of management. Fayol was a successful mining engineer and senior executive prior to publishing his principle of administrative science. He was not primarily a theorist , but rather a successful senior a successful senior manager who sought to bring order to his personal experiences. Fayol’s five principle roles of management are still actively practised today he has found “ Plan , Organise, command, co-ordinate and control “ written on more than one manager’s whiteboard during his career. Fayol ideas had a major effect on how mgt functions in most established organisation . In many ways, they are the bible of mgt and the source of idea is even today is certainly used by all managers
4. Reliance fresh is the convenience store format which forms part of the retail business of Reliance Industries of India which is headed by Mukesh Ambani. The company already has in excess of 1000 reliance fresh outlets across the country. These stores sell fresh fruits and vegetables, staples, groceries, fresh juice, bars and dairy products. Rekiance Fresh stores are already selling over 1000 tonnes of fresh products and 250 categories. Reliance fresh is aggressively workink on introducing a pan-india network of retail stores with world class enviroment, state of technology and seamless supply chain.
5. Management Management is a universal phenomenon. It is a very popular widely used term. All organisations whether social or political are involved in mgt as it helps and direct the various efforts towards a definite purpose. It is an art of creating an environ- ment in which can perform and individual can co-operate towards attainment of group goals. “Acco. to H.Fayol , Mgt is To forecast , to plan , to organise , to command, to coordinate and to control ‘ . It establises cause and effect relationship b/w two or more variables under given state. They serve as a guide to thoughts and actions. Thr4 mgt principles are the statement of fundamental truth based on logic which provides guidelines 4 managerial decision making and actions. Hence we can say that good mgt includes both being effective $ efficient i.e; fiiting square pegs in square holes and round ones in round.
6. Principles Of Management 1) Division of work 2) Authority and Responsibility 3) Discipline 4) Unity of Command 5) Unity of Direction 6) Subordination of individual interest to general interest 7) Remuneration of employees 8) Centralisation and Decentralisation 9) Scalar chain 10) Order 11) Equity 12) Stability of personnel 13) Initiative 14) Espirit de Corps
7. Division of work According to this principle, the whole work must be divided into small task or units and instead of assigning the whole work to one person . One task or job should be assigned to one person according to the capability , qualification and experience of the person . When a person is performing a part of job again and again he will become perfect and specialised ine that job and efficiency will improve . This principle is very useful for any ognisation be it private or public. It enhances overall performance of an organisation because specialists perform consistently . For example an orgaisation having different departments.
8. Authority $ Responsibility Authority means power take decision. Responsibility means obligation to complete the job on time. So according to principle there should balance and parity b/w authority and responsibility . Excess of authority may bring negative results and Ecess of responsibility will not allow the worker to complete the work on time. Balance b/w both of them will result in no misuse of authority and it also helps in meeting responsibility on tie without any delay.
9. Discipline Discipline refers to general rules , regulation for systematic working of an organisation. It doesn't mean only rules and regulation but it also means developing commitment in the employees towards organisation . It also means obedience to organisational rules that are necessary for functioning of an organisation. It includes – • Good supervision at all level • Clear and fair agreement • Application of penalties judiciously Employees must honor the commitment made by them and management must meet its promises. On one hand it enforces orderliness and motivates on other side.
10. Unity of Command There should be one & only one boss for every individual employees working in an organisation. If employees get order from 2 superiors at same time then they will get confused and not able to understand that whose orders must be executed . Thus unity of command avoids confusion and conflicts. It also helps in harmonious relations and fixation of responsibility. If this principle is violated then there will be ego clashes as employees should receive order from one boss only. this principle helps to create peace in same level and to subordinate.