Question

Explain the following principles of management: (i) Unity of direction (ii) Remuneration to employees (iii) Equity

Hint:

The principles of management are universal guidelines that help managers take sound decisions, meet environmental challenges, and ensure organizational effectiveness and discipline.

Answer 1

(i) Unity of direction: This principle states that all efforts of the organization must be directed toward a common goal. Activities with the same objective should have one head and one plan to ensure coordination. (ii) Remuneration to employees: Remuneration should be fair and satisfactory to both employees and employers. It should reflect efforts and contributions while aligning with industry standards. Fair wages motivate employees and promote harmony. (iii) Equity: This principle emphasizes kindness, fairness, and justice in dealing with employees. Equity leads to a satisfied workforce and strengthens trust and commitment.