mgt503 Final Term 2024 vu knowledge

Division of Work: The principle of dividing work among individuals or groups ensures specialization and efficiency. By focusing on specific tasks, individuals can develop expertise and complete work more effectively.

Authority and Responsibility: Authority refers to the power given to individuals to make decisions and give orders, while responsibility is the obligation to perform assigned tasks. Managers must balance authority with responsibility to ensure tasks are completed efficiently and effectively.

Unity of Command: Each employee should receive orders from only one superior to avoid confusion and conflicting directives. This principle helps maintain clarity in the chain of command and prevents inefficiencies caused by conflicting instructions.

Unity of Direction: All activities within an organization should be directed towards common objectives. This principle ensures that efforts are coordinated and aligned with organizational goals, promoting synergy and minimizing conflicts.