PRINCIPLES OF MANAGEMENT

ON
LALCHAND SOBHRAJ JEWELLERS

By: Ashi Tyagi (PGMB1902)

Albin Thomas (PGMB1905)
Anushka Gupta (PGMB1909)
Harsh Rana (PGMB1915)
Satyavrath Tripathi(pgmb1912)
INTRODUCTION
 PLANNING
• Deciding in advance what, when where and how to do a certain activity
• It is an intellectual process which needs a lot of thinking before a formation of plans.
• Planning is to set goals and to make certain guidelines achieve the goals

Step 1:
Vision
Stateme
nt
Step 2:
Step 5:
Mission
Monitor
Stateme
Progress
nt

Step 4: Step 3:
Write Perform
smart GAP
goals Analysis
 ORGANISING

STRUCTURE:
• Type of business: SOLE PROPRIETORSHIP

• Mr Prateek Nagwani is the owner of the showroom

• There are two shifts morning and evening from 9am to 3pm and 3pm to 9pm respectively
 STAFFING
• RECRUITMENT PROCESS:

Employees are recruited through advertising in newspaper and distribution of pamphlet

• TRAINING:
The employees are trained by existing senior employees for 15-20 days
• STAFFING:
40 employees working in shifts
• EMPLOYEE RETENTION:
Bonus and incentives
 DIRECTING/LEADING:

• Instructing

• Guiding

• Encouraging

employees towards a common goal.

COMPONENTS OF DIRECTING:

Motivate

Communic Supervise
ate
 CONTROLLING

• Comparing actual and estimated results and taking corrective actions

• Daily sales record is to be submitted by each employees at the end of the day

• Employees are questioned if they do not achieve daily targets

• Corrective measures are suggested to improve the performance and bonus are paid if they

perform well to keep them motivated

THANK YOU