Cooperation and Development
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Explain the Principles of Scientific management given by Taylor.
Principles of Taylor and Fayol are mutually complementary. One believed that management should not close its ears to constructive suggestions made by the employees while the other suggested that a good company should have an employee suggestion system, whereby suggestions which result in substantial time or cost reduction should be rewarded.
Identify and explain the principles of Taylor and Fayol referred in the above paragraph.
Principles of Taylor and Fayol are mutually complemetary. One believed that the management should share the gains with the workers, while the other suggested that employees compensation should depend on the earning capacity of the company and should give them a reasonable standard of living.
Identify and explain the principles of Fayol and Taylor referred to in the above paragraph.
Briefly explain the following principles of management.
(i) Science, not Rule of Thumb
(ii) Harmony, not Discord
(iii) Cooperation, not Individualism
Explain Fayol's principle of 'equity' and 'order' with examples.
Explain the principles of scientific management given by Taylor.
Explain 'unity of command' and 'equity' as principles of general management.
XYZ Ltd is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibility between workers and management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragrph.
Harmony, not discord
Science not rule of thumb
Cooperation, not individualism
Development of each and every person to his or her greatest efficiency and prosperity
There should be an
almost equal
little
sufficient
none of the above
There should be complete cooperation between the management and workers instead of individualism.
True
False
Identify and explain the principle violated in the following picture cases. Also explain the negative effects of violating each principle.
Explain the following Principles of management given by Fayol with examples:
(a) Unity of direction
(b) Equity
(c) Espirit de corps
(d) Order
(e) Centralisation and decentralisation
(f) Initiative
In an organisation Ram and Prema are working at the same posts but being a male employee Ram has more rights than Prema. State any one principle of management which is violated here?
Management should share the gain of the company, if any, with the workers. At the same time, workers should work hard and be willing to embrace change for the good of the company.
False
True
In a co-operative society the principle followed is ________.
(a) one share one vote
(b) one man one vote
(c) on vote.
State any five principles of management.
- the monopoly is a rare case
- the monopoly firm itself is an industry
- in a monopoly market, there will be only one product
- in a monopoly market, there will be no firm
The workers angrily voiced their __________ to the management.
- resistant
- irritation
- resentment
- preservation
The principle of management explaining the importance of fair payment to workers.
- Upset
- Angry
- Serious
- Unhappy
8. X Ltd, a tyre manufacturing concern has been established for more than ten years. Having made good profits in the past, company wanted to expand further and hence did not declare bonus for the previous year. With this decision once the projects achieves a stable position. State relevant management principle of Fayol used by management.