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Principles of Management
'Management is a science like physics or chemistry.' Do you agree with thisstatement? Give reasons in support of your answer.
This statement is wrong. Although management can be called science but not as an exact or pure science like Physics or Chemistry.
It is important to apply the characteristics of science to management in order to find out whether management is a science or not. Following are the main points:
(i) Systematised Body of Knowledge: It is necessary for science to be a systematised body of knowledge. Management is also a systematised body of knowledge because it has its own theory and principle which are developed by the management experts after years of research.
(ii) Principles Based on Experiments: After applying this characteristic of science to management, we find that development of management took years for the collection offacts, their analysis and experiments.
(iii) Universal Validity: Scientific principles are based on truth and they can be applied atevery time and in every situation. Thus, its universal application is possible. In the field of management too, managerial knowledge and principles of management are considered to be based on truth and they, too, can be applied anywhere and in every situation.
Conclusion: The subject matter of management is 'Human Being' who is an intelligent and sensitive being and whose behaviour or conduct changes according to the changing situations. Therefore, no permanent principles like the principles of physics and chemistry can be enunciated in relation to his conduct or behaviour. Clearly the science of management cannot be called a natural or pure science but it should be described as an Applied Science or Inexact Science.
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An organisation has done plantation around its factory premises and only after purifying the wastes, it throws it into the drains. Which values are being followed by the organisation?
An entrepreneur wants to start his business in backward area because government gives many incentives and rebates in taxes. Which results in low cost and he will be able to sell the product at low prices. There he will be able to get large area by deforestation. Which values are being affected here?
What is the objective of ‘Method Study’ as a technique of scientific management?
Principles of Taylor and Fayol are mutually complementary. One believed that the 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 para.
Name and explain the principle of management according to which a manager should replace 'I' with 'We' in all his conversations with workers.
Explain 'Harmony Not Discord' as a principle of Scientific Management.
Principles of Taylor and Fayol are mutually complementary. One believed that the 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 para.
Explain how the principles of management:
a. Provide useful insights into the reality and
b. Help in thoughtful decision making.
Explain the technique of scientific management that is the extension of ‘Principle of division of work and specialisation’.
What is meant by principles of management?
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