What are Managerial Roles? Managerial roles or management roles refer to the tasks, duties, or responsibilities to be performed by managers at different levels in the workplace. These roles define what managers need to do in the organization as being the managers. What roles a manager has to do and what does not depends upon…
Management Skills (Managerial Skills) Management skills or managerial skills refer to managers’ ability to do a given task effectively. A manager should have the necessary skills to effectively manage resources and execute the necessary tasks. When a manager has good skills he might perform better even above expectation but when he does not have the…
What are the Hierarchy/Levels of Management? The management hierarchy or levels of management refers to the arrangement of managerial positions in the organization. This practice is brought to divide authority and responsibility among different levels. Managing different levels is essential to systematically running organizational operations. These managerial levels are based on their positions enjoying authority,…
What are the Functions of Management? Management has been considered an integral part of achieving organizational desired goals and objectives. The functions of management consist of setting plans about what & how to achieve and concentrating on managing, directing, and controlling all organizational components so as to make the achievement of predetermined organizational goals as…
Esprit De Corps Principle The principle esprit de corps refers to mainly two words “Unity is Strength” and “Teamwork”. It states in the organization there should have harmonized teams that work together to achieve common goals. It describes the organization as a team and all its employees are team members who must work together to…
Initiative Principle The initiative principle states that there should be freedom for employees to do the given tasks in new ways as they see fit. This management concept makes the assumption that every employee should have trustworthy flexibility to make decisions and build strategies. Employees shouldn’t be penalized for insignificant errors or work. They wish…
Principle of Stability of Tenure The principle stability of tenure of personnel refers to job security in the organization. It states that in the organization there should be job security and stability in the position. Here, stability mainly indicates to how stable the job or position of employees is. It tries to eliminate frequent changes…
Equity Principle The principle of equity states that all the members of the organization should be treated with fairness, kindness, justice, and respect. It restricts treating employees in terms of position, age, gender, religion, and so forth. This principle describes that managers must realize that maximum loyalty and devotion of employees can be extracted only…
Centralization and Decentralization Principle Centralization and decentralization are the two means to manage the organization. This principle states that there must be a balance between centralization and decentralization. Centralization means the authority to make important decisions is only vested in top managers. They enjoy the right to make decisions that subordinates should have to follow….