What are the principles of management?

OR,

Discuss briefly the functions of management.

Following are the significant principles of management –

1. Division of work among the workers on a scientific basis,
2. The division of responsibilities and authority among the several departments,
3. Maintaining discipline at all levels,
4. Maintaining the unity of command,
5. Maintaining unity in respect of direction,
6. Keeping the staff’s compensation system equitable,
7. Maintaining a system of centralization for all operations,
8. Upholding a chain of command from the highest level to the lowest level,
9. Maintaining equity for the employees at all levels,
10. Maintaining stability of tenure,
11. Proper execution of the plan,
12. It is necessary to uphold the unity of command idea.