BSB 203/BALM 111/BCD 130
SMALL BUSINESS MANAGEMENT/PRINCIPLES OF MANAGEMENT
CAT 1
Answer all Questions 1. To organize in an effective manner, managers have certain guidelines to use and make useful decisions. Explain the principles of organization that can be used by a manager. (10 marks)
There are various principles that guide managers in their daily operations. They include: i. Principle of equity- this principle is geared towards ensuring all workers especially in a joint effort are treated equally to manage joint projects. This principle allows managers to develop standard ways of evaluating worker performance. ii. Esprit de corps-this is the principle that fights for unity and morale among workers. This principle allows the manager to develop motivational programs geared at motivating productivity and loyalty to the organization. iii. Principle of initiative-this principle advocates for managers to allow for initiative patterns that allow their employees to come up with new ways. The principle allows the manager to delegate duties and allow new techniques of handling problems. iv. Principle of remuneration-this principle should allow the manager develop a good payment system because money is an important motivator. We should never forget that there is no perfect remuneration system. v. Principle of unity of direction-this principle advocates for similar objectives for people conducting one task in a single plan. The manager is able to develop objectives that guide everyday activities to ensure that all workers work toward them. vi. Principle of division of work-this principle focuses on specialization which should allow one to focus on what he or she is good at thereby allowing more productivity. This allows managers to focus on tasks and assign only the most skilled in that field to head each task. vii. Principle of