PRINCIPLES OF MANAGEMENT: PROCESS OF MANAGEMENT BY OBJECTIVES

Management by Objectives is a systematic practice very useful in achievement of   departmental and organizational goals. A number of processes or small steps are implemented during the Process of Management by Objectives. Few are illustrated in brief as follows:-

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COORDINATION: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS

Coordination as a process is mutual understanding to achieve predetermined goal of industrial or business organization utilizing all the factors of production. The development of harmonious,

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CONTROL: PRINCIPLES OF MANAGEMENT / MANAGEMENT PROCESS

An important process is Control, which keeps the whole system in check so that it moves as per the pre defined parameters.  Control determines the actual status with respect to the planned performance.

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PLANNING: MANAGEMENT PROCESS / ELEMENT OF MANAGEMENT

Planning is one of the major activities of Management Process. It is a thinking and decision making process which aims at forecasting the future and determining the course of action to face the future and achieve the pre-determined objectives of the organisation. It is a continuous process.

By planning we mean to determine the finiteness of decision making. Basic questions are raised during the process, which ultimately lead to reach at the amicable solutions. Some of the basic Questions are given below as:

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PROCESS OF MANAGEMENT or MANAGEMENT PROCESS

Management Process is a set of systematic process for the achievement or accomplishment of pre stipulated set of Goals for an industrial or business enterprise. The overall success of any industrial or business enterprise depends on the total combined efforts of each and every individual as per the given resources of the respective unit.

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