In this post we are sharing with you ,PRINCIPLES OF MANAGEMENT PROJECT ON BIG BAZAAR , for class 12 CBSE . This is a brief outline of the project , you can download complete project for free from the link below .
Based On 14 principles of FAYOL’S on Managment
- ABOUT BIG BAZAAR
Big Bazaar is one of India’s retail pioneers with multiple retail formats, which unite a diverse and zealous community of Indian buyers, sellers and businesses. The combined impact on business is intense: Approximately 300 million customers walk into its stores each year. Modern retail is intended to drive fresh demand and consumption in new categories. Its strategy is based on a similar understanding of the Indian consumers, the products they want, and making these products available in every city, in every store format.
2.HENRI FAYOL
Henri Fayol, a French industrialist, is now recognized as the Father of Modern Management. In his book “Industrial and General Administration” he gave the 14 Principles of Management.
3. PRINCIPLES OF MANAGEMENT
Principles of management are the guidelines to be followed by every organization. No manager can be effective if he does not follow the principles of management.
4. Application of the Principles at Glance
| S.No | Principle of Management | Status of Application in the organization |
| 1 | Division of work | APPLIED |
| 2 | Discipline | APPLIED |
| 3 | Authority and responsibility | APPLIED |
| 4 | Unity Of Command | APPLIED |
| 5 | Unity of Direction | APPLIED |
| 6 | Centralization and Decentralization | PARTLY APPLIED |
| 7 | Subordination of individual interest | APPLIED |
| 8 | Order | APPLIED |
| 9 | Stability of Tenure of Personnel | NOT APPLIED |
| 10 | Equity | APPLIED |
| 11 | Esprit de Corps | APPLIED |
| 12 | Remuneration | APPLIED |
| 13 | Initiative | PARTLY APPLIED |
| 14 | Scalar chain (Line of Authority) | APPLIED |
CONCLUSION
According to the my survey for the employees and customers of BIG BAZAAR and the interview with the manager, the 14 principles propounded by Henri Fayol regarding management are most applicable in BIG BAZAAR.
BIG BAZAAR follows division of work, Authority and responsibility, equity, order, Discipline, Remuneration, Subordination of individual interest to general Interest, Unity of Command, Unity of Direction, Espirit de Corps and Scalar Chain.