PRINCIPLES OF MANAGEMENT

Principles of Management is a key ingredient to be a good Manager. In today's scenario we are witnessing revolution in the field of Management. The traditional concept of Management seeks to control and limit people, enforce rules and regulations and design top-down hierarchy to direct people. The new Management concept seeks creativity and enthusiasm, sharing vision, information, values and power. Both traditional and new Management concept are guiding business scene in India today.

When taking on Management position, there are three important levels. Working on polishing your skill in different levels will help you in becoming well-rounded Manager that can take on any job and handle them with ease. These principles of Management are crucial if you would like to be viewed as a person of good integrity, work ethic and communicative with fellow workers.

The three levels of being good Managers are as follows:

• Conceptual Skills
• Human Skills
• Technical Skills.

Other important functions of Managers are Planning, Organizing, Directing, and Controlling.

   

CONCEPTUAL SKILLS: Conceptual skills involve the formulation of ideas and concepts. This skill indicates the ability of a Manager to think about the future of his Organization. This form of Management will give your company the edge it needs over its competitors, if you can formulate ground breaking concepts for your company that will push them ahead of the competition.

HUMAN SKILL: It refers to the ability of the Manager to interact with the sub-ordinates and to build team spirit at all levels. Learning how to effectively communicate with people is a key Principle of Management that you will need in order to be successful in your position.  You must be a " People Person " in order to hold a job as a Manager because on a daily basis you will be working with various other associates.

TECHNICAL SKILL: Technical skill involves specialized knowledge and competence in the use of Distinctive Managerial Tools and Techniques. This skill is particularly necessary in the case of Managers working at the supervisory level. A Professional Manager develops these skills during his Management Training. Management Development Programs are basically for developing Managerial Skills amongst the Trainees.

Managers also have responsible duties, no matter what their skill set levels are?  These responsibilities include Planning, Organizing, Directing and Controlling. Whichever you hold as the most important, you must also keep in account that a Great Manager will possess all of these skills and be a vital asset to their Company.