PRINCIPLES OF MANAGEMENT

Before getting ahead of ourselves just what is management let alone principles of management? A manager’s primary challenge is to solve problems creatively and you should view management as “the art of getting things done through the efforts of other people.The principles of management then are the means by which you actually manage that is get things done through others—individually in groups or in organizations. Formally defined the principles of management are the activities that “plan organize and control the operations of the basic elements of [people] materials machines methods money and markets providing direction and coordination and giving leadership to human efforts so as to achieve the sought object of the enterprise.”The fundamental notion of principles of management was developed by French management theorist Henri Fayol (1841–1925). He is credited with the original planning-organizing-leading-controlling framework (P-O-L-C) which while undergoing very important changes in content remains the dominant management framework in the world.