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.

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A
True

True. 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.

Suggest Corrections

Similar questions

Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?

The management of company F Ltd. now, realised its folly. In order to rectify the situation, it appointed a management consultant 'M Consultants' to recommend a restructure plan to bring the company back on the rails. M Consultants undertook a study of the production process at the plant of the company F Ltd. and recommended the following changes:

1. The company should introduce scientific management with regard to production.

2. Production planning including routing, scheduling, dispatching and feedback should be implemented.

3. In order to separate planning from operational management, 'functional foremanship' should be introduced.

4. Work study should be undertaken to optimise the use of resources.

5. 'Standardisation' of all activities should be implemented to increase efficiency and accountability.

6. To motivate the workers 'differential piece rate system' should be implemented.

7. The above changes should be introduced apart from the steps recommended in case problem (as an answer to question number 3 of that case problem).

It was expected that the changes will bring about a radical transformation in the working of the company and it will regain its pristine glory.

What precautions should the company undertake to implement the changes?

Q. Principles of Taylor and Fayol are mutually complementary. One believed that the management should share the gain with the workers while the other suggested that employees compensation should depend upon the earning capacity of the company and should give them a reasonable standard of living. Identify and explain the principles of management by Taylor and Fayol referred to in para.

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.

Q. Principals of Taylor and Fayol are mutually complementary. 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 para.

Join BYJU'S Learning Program

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.

The correct option is A True True. 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.

The correct option is A
True

True. 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.