Revision Notes For Class 12 Business Studies Chapter 2 Principles Of Management

Principles of management comprises of various concepts – meaning and definition of principle, management principles, derivation of management principles, nature of management principles – universal applicability, general guidelines, formed by practice and experiments, flexibility, mainly behavioural, contingent, significance of principles of management, background and history of Henry Fayol, principles of management developed by Henry Fayol, scientific management, scientific principles of management, scientific techniques of Taylor – functional foremanship, planning department, fatigue study, method study, time study, motion study, differential piece wage system, mental revolution.

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