Page 6 - principles of management new_Neat

 Convert uncertainty in to certainty
 Economy in operation

 Help in co-ordination
 Tacking increasing complexities of business
 Effective control
 Effective utilization of resources

3. DESCRIBE THE IMPORTANCE OF CO-ORDINATION?
 Unity in diversity

 Team work or unity of direction
 Functional differentiation
 Specialization

 Reconciliation of goals
 Large number of employees

10 MARKS

1. EXPLAIN THE STEPS IN PLANNING PROCESS?
 Analysis of external environment

 Analysis of internal environment
 Determination of objectives
 Determination of planning premises and constraints

 Examination of alternatives courses of action
 Weighting alternative course of action
 Selection of the best alternatives course of action

 Establishing of the sequence of activities
 Formulation of action programmes
 Securing participation of employees

2. DESCRIBE THE PROCESS OF MBO?
 Defining organizational objectives
 Goals of each section

 Fixing key result area
 Setting subordinate objectives or targets

 Matching resources with objectives
 Periodical review meetings
 Appraisal of activities
 Reappraisal of objectives