Principles Of Management

Question 1

Define principle

Answer 1

Fundamental truth or preposition that serves as the foundation for a system of belief or behaviour or for a chain of reasoning

Question 2

Nature of principles of management

Answer 2

Formed to guide and influence the behaviour, insist - improving efficiency, focus - profit

1) Universal application
2) General guidelines
3) Principles are formed by practice and experiments
4) Flexibility
5) Behavioral in nature
6) Cause and effect relationship
7) All principles are of equal importance

Keywords:
Modified and adjusted
Not rigid , flexible
Size, nature, financial condition
Situation of organisation

Question 3

Significance of management principles

Answer 3

Guiding, important, tested and practiced World wide , apply - nature etc
1) Provides useful insight to managers
2) Helpful in efficient utilisation of resources
3) Scientific decisions
4) Understanding social responsibility
5) Encourages Research and development (R and D)
6) Helps to coordinate and control
7) Develops objective approach

Question 4

Theories of management ( modern)

Answer 4

Henry Fayol - french minning enginner, book ‘ General and Industrial Administration ‘ , father of modern management, guide in decision making
Code :- DAD U C USSR O I SEE

1) Division of work
2) Authority and Responsibility
3) Discipline
4) Unity of Command
5) Unity of Direction ( one head one plan)
6) Subordination of individual interest to organisational interest
7) Centralisation ( one superior)
8) Remuneration
9) Scalar Chain ( hierarchy of authority)
10) Order ( a place for everything and everything in its place)
11) Equity
12) Stability of tenure
13) Initiative
14) Esprit de corpse ( team work , unity is strength)

Question 5

Scientific management intro and definition

Answer 5

Taylor (1856- 1915) , American, machinist, Midvale steel works Philadelphia, father of scientific management
Definition:
According to Fredrick Taylor “ Scientific management consists of knowing what you ( i.e. management) want men to do exactly; and seeing that they do it in the best and the cheapest manner.”

Question 6

Principles of scientific management

Answer 6

1) Science not rule of thumb
2) Harmony not discord
3) Mental revolution
4) Cooperation not individualism
5) division of responsibility
6) Development of employer and employees for greater efficiency and maximum prosperity

Question 7

Keywords of principles of scientific management

Answer 7

Maximum prosperity, productivity and profit , healthy working environment, best performance, efficiency

Question 8

Techniques of scientific management

Answer 8

1) Work study
a. Time study
b. Method study
c. Motion study
d. Fatigue study
2) Standardization of tools and equipments
3) Scientific task setting
4) Scientific Selection and Training
5) Functional organisation
A) At planning level :
Route clerk - how work moves machine to other
Instruction clerk - records instruction to complete
Time and Cost clerk - determines time and workout cost
Discipline - ensures working as per factory rules
B) At implementation level
Gang boss - gets the work done
Speed boss - ensures completed in specified time
Repair boss - handles security and maintenance
Inspector - ensures work is done as per specified standards
6) Differential piece - rate plan