Principles of Management

Question 1

What is a PRINCIPLE?

Answer 1

A principle is a fundamental statement of the basic truth that provides a guide to thought and action.

Question 2

Methods deriving management principles

Answer 2

1. Observation method
   - managers observe certain events in actual practice.
2. Experiment method
   - researchers in the field of management undertake empirical studies.

Question 3

NATURE/ CHARACTERISTICS of management

Answer 3

1. Universality
2. Dynamism or Flexibility
3. Influencing human behaviour
4. Contingent
5. Cause and effect relationship
6. Equal importance

Question 4

Need for PRINCIPLES of management

Answer 4

1. To increase efficiency
2. To crystallise the true nature of management
3. To train managers
4. To improve research
5. To attain social goods
6. To clarify thinking
7. To spread knowledge
8. To evaluate managerial behaviour

Question 5

Who is Taylor?

Answer 5

F.W. Taylor
An American
FATHER OF SCIENTIFIC MANAGEMENT

Question 6

BASIC PRINCIPLES of scientific management (Taylor)

Answer 6

1. Science is not the rule of thumb
2. Harmony not discord
3. Maximum not restricted output
4. Division of work and responsibility
5. Scientific selection, training & development of workers
6. Standardisation
7. Mental revolution

Question 7

Who is Fayol?

Answer 7

Henri Fayol (1841- 1925)
French Industrialist
Book- General and Industrial Management

Question 8

Principles of (Fayol’s) Management

Answer 8

1. division of work
2. authority and responsibility
3. discipline
4. UNITY OF COMMAND
5. unity of direction
6. subordination of individual interest to general interest
7. remuneration
8. centralisation
9. scalar chain
10. order
11. equity
12. stability of tenure
13. initiative
14. Esprit de corps