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Management Theory and Practice

The document discusses management as both a science and an art. It explains how management can be considered a science as it provides universally accepted principles and connects various variables. It also explains how management is an art as it requires practical knowledge, skills, creativity and innovation to achieve goals and results.

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0% found this document useful (0 votes)
32 views8 pages

Management Theory and Practice

The document discusses management as both a science and an art. It explains how management can be considered a science as it provides universally accepted principles and connects various variables. It also explains how management is an art as it requires practical knowledge, skills, creativity and innovation to achieve goals and results.

Uploaded by

disha.pcm22103
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Answer 1.

Introduction

Sachin Ethanol is a brand-new company that uses sugarcane residue to make ethanol. The most
critical aspect of a business's success is management. The goal is to concentrate on all aspects
of planning, organizing, leading, and regulating in order to keep the organization running
smoothly and accomplish the business goal. The trainer's job is to teach the newly recruited
management students the fundamentals of management. They also need to teach the newly
recruited management students the fundamentals of management and provide guidelines for
taking and implementing managerial choices activities for business growth. It assists
supervisors in effectively organizing and assigning work in order to preserve the company's
work values and culture and increase employee satisfaction. Managers are able to identify the
set of tasks and objectives that must be completed in a timely manner, maximize revenue, and
make the most effective use of business resources with the assistance of management
principles.

Discussion

Henri Fayol's 14 Principles of Management

Fourteen principles of management method assist in running services efficiently and managing
all the variables to develop sound management for organizational benefit.

Division of work: The first principle focuses on the division of labour among employees, doing
more detailed work within the time they have more experience and experience. By
implementing this principle, our employees develop their skills and become more effective and
qualified for business growth. It goes against multitasking culture.

Authority: The second principle takes into account authority and responsibility and makes it
clearer to the management how to strike a balance between supervising the workforce and
making sure that each employee follows instructions to the letter.

Discipline: It supports the efficient operation of the company and creates an organizational
culture to value each other, following practices and regulations to achieve profit and
development.

Unity of command: It communicates to the business in a clear way that employees must
effectively follow orders from managers in order to maintain security and discipline.
Unity of Direction: Henry Fayol's principle mentions that all employees must work in a
healthy environment and perform certain tasks under the supervision of supervisors.
Employees who perform various tasks under the guidance of a supervisor produce reliable
results.

Collaborative Appeal over Personal Interests: Clients provide precise guidance to support
organizations and motivate employees to increase morale and needs without compromising
personal interests.

Compensation: Paying workers a fair wage for their sincere efforts would encourage them to
put out extra effort and produce high-quality work for the business. The earnings include a
permanent performance reward and are motivated by both financial and non-financial factors.

Centralization: Top-bottom method helps managers to manage all departments with good use
of power and maintain a balance of power with centralization and procedures.

Scalar Chain: The rule centres around the effective correspondence system between the
directors and labourers to deal with every one of the divisions and grasp the believes that and
requirements of the staff individuals should save staff part cooperation and help the staff
individuals in obviously appreciating the construction for the development of the organization.

Order: The principle is to use resources such as human resources, money and materials
effectively at the right time and in the right area for the growth of the organization and reduction
of abuses.

Equity: In order to manage things and foster employee loyalty for the benefit of the
organization, supervisors need to discover equity concepts like kindness and justice.

Equilibrium of Principal Assignment: The Principal oversees the business to reduce


employee turnover and maximise organisational productivity by providing great training to
carry out the specifics successfully.

Initiative: Principals encourage managers to take initiative to motivate and encourage staff to
raise their spirits and make them feel valued and respected.

Team Spirit: The final of Henry Fayol's principles, team spirit, focuses on how to build a
system and collaboration among employees in order to improve organisational health and
wellbeing and make workers more productive and successful.

Conclusion
Henry Fayol's 14 principles provide an opportunity to manage employees and individuals in an
organization and create a strategy to motivate and acquire qualified employees to succeed in a
specific job and achieve a business goal. A director creates a deep understanding of job
responsibilities and management of employees, proper management of discipline and work
values. Good technical expertise is another component in an organization that makes managers
reliable and helps to make excellent choices for the growth of the organization and manage all
aspects and negotiate issues to manage the organization effectively. In addition to being an
excellent leader and business manager, this principle supports an excellent choice and helps to
regulate and organize all business activities to achieve the desired goal and success. In short,
the principles are very effective in helping the employee become more competent and
productive to achieve the organization's mission and vision.

Answer 2.

Introduction

Leadership is an effective approach that thinks about preparing for leadership, organizing and
using resources to achieve the goal of the organization and successfully complete a specific
job. The new administration shares a reflection on a specific topic. It requires the help of the
chairman of online forum to explain whether management is an art, a science or both.
Management can be considered a science or an art or both that involves multiple causes and
uses a system to accomplish a task at low cost and achieve effective results. Science provides
a truth, a universally accepted basic principle to support business organizations and assist
managers in dealing with the relationships between various variables. At the same time, artistic
help increases knowledge and skills to achieve the desired result. It preserves growing personal
skills and creativity and increases the work capacity of the teacher to achieve the most effective
result.

Discussion

Management as a Science

Science is a well-organized body that provides specific facts and knowledge that help to
understand the phenomenon and establish a connection between cause and effect and the
various variables. To deal with the sources, it provides scientific principles and the fundamental
truth, but it also requires specific skills to deal with issues and bring about positive outcomes.
Science educates, whereas art aids in the development of the abilities and skills necessary to
address numerous supervisory issues.

The principle is universally accepted: Scientific principles provide fundamental truths and
meet organizational leaders for organizational development and benefit. The main principles
are unity of leadership, spirit of unity, and discipline, which are useful for all kinds of business,
and motivate the organization to properly manage all departments and to work for the benefit
of the company.

Monitoring and experiments: The principles are medically proven, including logic-based
research and studies that lead to follow-up and practical experience to improve the workforce
to the satisfaction of the company.

Connection to the domino effect: The successful management of science aids in


comprehending the connection between various variables, equilibrium authority, and the
obligation to bring about effectiveness. The decline in this equilibrium has a significant impact
on business expansion. For example, assuming that the representatives are given astounding
settlement and positive advantages, they are propelled to take a stab at hierarchical
development. However, if they treat them unfairly, item activity and growth decrease.

Credibility and forecasting: Scientific principles are reliable and true whenever they are
tested. They provide the same results and help the company to anticipate the future and get
accurate results and answers. Henry Fayol's principle of consumer unity supports the company
to effectively manage and take care of employees. Compared to employers in a company,
employees cannot follow instructions that have harmful consequences. However, the primary
required that one teacher be able to successfully manage the points.

Management as an Art

The art of management consists of knowledge, skills, academic and functional principles to
achieve desired results.

Practical knowledge: Simply learning a concept does not provide you the superior knowledge
and experience you need to effectively manage and govern an organisation in order to produce
positive results and deal with problems. Supervisors can make wise judgments and deal with a
variety of scenarios more successfully when they have a practical understanding of
management as an art.
Personal skill: Practical Knowledge adds skills, support, experience and insight to expand
personal mastery to successfully complete tasks and become a great leader.

Creativity and innovation: The management of the earth helps the supervisors improve their
inventiveness and ingenuity to accomplish the corporate goals, while their expertise and
imaginative flair enable them to make effective use of the available resources.

Bringing perfection and goal: The art of management helps organizations look for tangible
results, and continuous practice helps managers do their best work and drive growth and profits.
As a result, supervisors are good and proactive in dealing with all threats, providing effective
service to the organization and developing a healthy environment for their employees.

Conclusion

The researcher found that both science and art are needed for the development and progress of
the organization. The art of management is the most important part of the organization to build
knowledge and practice code management with the help of art and develop organizational
culture and work principles. Art and science help managers cultivate the knowledge and skills
necessary to achieve the skills, creativity and perfection to effectively deal with problems and
provide reliable opportunities for business growth. Science helps managers expand the
knowledge and understanding necessary for professional growth, and training helps managers
expand the method of effectively managing all employees and departments and obtaining high-
quality results for the organization and society. In addition, the principle of management helps
the supervisor to follow policies and politics, honesty, integrity and cooperation with
employees to maximize profits and reduce costs.

Answer 3 (A).

Introduction

A well-known resort chain in India called Lemon Tree is losing market share as a result of
internal conflicts that are hindering the company's profitability and expansion. In this section,
scholars have attempted to find various factors behind conflicts in order to find effective
remedies for organizational development.
Discussion

Disagreement and conflict are inevitable components of every organisation. Lack of


comprehension, judgement, and understanding leads to disagreements inside the business,
which has a detrimental impact on productivity and market share. There are several factors at
play in the dispute. When timely and proper decisions are not made to address the issue, a
noticeable difference occurs. For instance, Lemon Tree is having problems in the hotel industry
as a result of the managers' inability to effectively manage the challenges and address the issue.

One of the most significant causes of misunderstandings between employees and supervisors
is a breakdown in communication. Social struggle creates worker withdrawal, nervousness,
and conduct change. Conflict arises when various business procedure ideas and approaches are
used. Due to the intense competition in the current market and the limited resources,
competitors are an additional significant source of disagreement and misunderstanding in the
company. Conflict arises as a result of a lack of authority and quality in the relationship
between the manager and the employees. The conflict that disrupts the employees' work-life
balance directly affects the company and leads to a business dispute, and working hours are a
major cause of the conflict. The most common factor in misinterpreting organizational conflict
causes is a lack of clarity and sources. Since the staff member has to work with more authority,
the lack of staff members adds another dimension to the conflict. Conflict is brought about by
multitasking, which causes discontentment and frustration. Conflict and dissatisfaction among
employees, who are easily distracted and irritated, result from the poor workplace.
Disagreements and divisions cannot be resolved if there is neither motivation nor a
management system. Workers are less motivated to work hard to improve efficiency and
achieve the organization's goal when there are structural and connection conflicts.

Conclusion

Human contact can lead to conflict, which has a negative effect on the productivity of the
employees in the firm. To improve performance, the business must handle the issue and provide
quality services. Additionally, in order to communicate with staff members and understand
their requirements in order to create a special company plan for growth, communication must
be improved.
Answer 3 ( B ).

Introduction

For the y company to achieve the best results, including productivity, market share, excellent
sales, promotion, and an excellent partnership with the owner, performance and effective
management are essential. In order to run a successful scientific research service, the
management principle helps the business stabilize all variables.

Discussion

Lemon Tree Hotel needs to create an approach to properly resolve disputes and conflicts and
find an effective solution to the problem. An effective management system supports the
organization in dealing with all departments, making good choices in business development
and negotiating problems effectively, creating a healthy and balanced framework for
employees. First, the company must improve the practical way of communication and plan
regular meetings with employees to understand their problems, take their answers to the
development of the company and create an approach. Versatile shift and skilled workers reduce
the workload and work efficiently to bring consumer goods to market and satisfaction.
Leveraging resources and using the help of the local market supports the development of the
company and minimizes additional costs that help the organization to grow. Competitors are
the most important factor in creating disagreements for a company to survive in the global
market with excellent product service. Effective choices and appropriate standards for
employees support and encourage them to work hard and make a healthy and balanced
environment comfortable. A healthy and balanced workplace and society as well as appropriate
education support the favourable functioning of employees. Listening to the employees, taking
their point of view and reducing them will bring solutions to the issue that will contribute to
the achievement of the business goal. Identify the root cause of problems and, when applicable,
find a solution to resolve inter-office and external problems. Modern innovation and changes
in the work environment can help the company to reduce conflicts and bring reliable results,
bringing joy to all stakeholders. A positive attitude and structured solid partnerships with staff
and employees help solve problems. Maintaining morale and reducing stress Support the
company to achieve marketing gold and successfully manage a negative situation.
Conclusions

After discussing all the solutions and issues, the researchers concluded that improving
employee retention, encouragement, and motivation helps the company successfully tackle
issues and achieve positive results.

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