Implementation of Subordination of Individual Interest to General Interest,Centralisation and Decentralisation,Scalar Chain at Kotak Mahindra Bank for BST project on Principles of Management. And in detail and a little more elaborate (about 9-10 lines for each principle)
Dear student,
1. Subordination of Individual Interest to General Interest :- According to this principle, interest of organisation should get priority over individual interest.
Applicability:- Interest of bank should be given utmost importance. Employee should work for the benefit of the bank as a whole.
2. Centralisation and Decentralisation :- According to this principle, supervisor should adopt effective centralisation instead of complete decentralisation.
Applicability:- The branch manager must adopt a fine balance of centralisation and decentralisation
3. Scalar Chain :- According to this principle, there should be proper chain of authority and communication that run from top to bottom. It should be followed both by managers and subordinate.
Applicability:- Authority and communication should be flows from top to bottom in the bank.
1. Subordination of Individual Interest to General Interest :- According to this principle, interest of organisation should get priority over individual interest.
Applicability:- Interest of bank should be given utmost importance. Employee should work for the benefit of the bank as a whole.
2. Centralisation and Decentralisation :- According to this principle, supervisor should adopt effective centralisation instead of complete decentralisation.
Applicability:- The branch manager must adopt a fine balance of centralisation and decentralisation
3. Scalar Chain :- According to this principle, there should be proper chain of authority and communication that run from top to bottom. It should be followed both by managers and subordinate.
Applicability:- Authority and communication should be flows from top to bottom in the bank.