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Principles of 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.
Taylors principle of management which says, management should not close its ears to any constructive suggestions made by the employees, is Cooperation. There should be complete cooperation between the labour and the management instead of individualism. They should be part of management and, if any important decisions are taken, workers should be taken into confidence.
According to Fayol’s principle of management, Workers should be encouraged to develop and carry out their plans for improvements. It is based upon the principle of initiative. Initiative means taking the first step with self-motivation. It is thinking out and executing the plan. Initiative should be encouraged. A good company should have an employee suggestion system whereby initiative/ suggestions which result in substantial cost/time reduction should be rewarded.
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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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