Principles of Management Business Studies - Principles of Management

What does principle of initiative indicates?

Which of the following principles of management formulated by Taylor for managing an organisation scientifically?

Which of the following is not concerned with Henri Fayol?

Which of the following is a principle of management given by Taylor?

Pawan is working as a Production Manager in CFL Ltd engaged in manufacturing of CFL 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 prosperity of the company cannot exist for a long time without the prosperity of the employees.

• State the principle of management described in the above para.
• Identify any two values which the company wants to communicate to the society.

Voltech India Lid is manufacturing LED bulbs to save electricity and running under heavy losses. To revive from the losses, the management thought of shifting the unit to a backward area where labour is available at a low cost. The management also asked the workers to work overtime without any additional payment and promised to increase the wages of the workers after achieving its mission. Within a short period the company started earning profits because both the management and the workers honoured their commitments.

• State the principle of management described in the above para.
• Identify any two values that the company wants to communicate to the society.

Telco Ltd is manufacturing files and folders from the old clothes to discourage use of plastic files and folders. For this, they employ people from nearby villages where very less job opportunities are available. An employee, Harish, designed a plan for the cost reduction but it was not welcomed by the production manager. Another employee gave some suggestion for improvement in design, but it was also not appreciated by the production manager.

• State the principle of management described in the above para.
• Identify any two values that the company wants to communicate to the society.

What is determined by ‘Time Study’?

State the role of ‘Inspector’ in functional foremanship.

Nikita and Salman completed their MBA and started working in a multi-national company at the same level. Both are working hard and are happy with their employers. Salman had the habit of backbiting and wrong reporting about his colleagues to impress his boss. All the employees in the organisation knew about it. At the time of performance appraisal, the performance of Nikita was judged better than Salman.
Even then their boss, Mohammad Sharif decided to promote Salman stating that being a female, Nikita will not be able to handle the complications of a higher post.
(i) Identify and explain the principle of management, which was not followed by this multi-national company.
(ii) Identify the values, which are being ignored quoting the lines from the above para.

Nutan Tiffin Box service was started in Mumbai by the Mumbai Dabbawalas. The Dabbawalas who are the soul of entire Mumbai aim to provide prompt and efficient services by providing tasty homemade tiffin to all office goers at the right time and place. The service is uninterrupted even on the days of bad weather, political unrest and social disturbances. Recently, they have started online booking system through their website ‘mydabbawala.com’. Owing to their tremendous popularity amongst the happy and satisfied customers and members, the Dabbawalas were invited as guest lecturer by top business schools. The Dabbawalas operate in a group of 25-30 people alongwith a group leader. Each group teams up with other groups in order to deliver the tiffins on time. They are not transferred on frequent basis as they have to remember the addresses of their customers. They follow certain rules while doing trade—no alcohol during working hours; no leaves without permission; wearing white caps and carrying ID cards during business hours.
Recently, on the suggestion of a few self-motivated fellow men, the dabbawalas thought out and executed a plan of providing food left in tiffins by customers to slum children. They have instructed their customers to place red sticker if food is left in the tiffin, to be fed to poor children later.

1. State any one principle of management given by Fayol and one characteristic of management mentioned in the above case.
2. Give any two values which the Dabbawalas want to communicated to society.

Explain briefly ‘Remuneration of Employees’ and ‘Scalar Chain’ as principles of general management.

Explain briefly ‘Initiative’ and ‘Esprit de Corps’ as principles of general management.

Explain briefly ‘Unity of Direction’ and ‘Order’ as principles of general management.

Sanket, after completing his entrepreneurship course from U.S.A. returned to India and started a coffee shop ‘Fioma Coffee’ in a famous mall in Mumbai. The speciality of the coffee shop was the special aroma of coffee and a wide variety of flavours to choose from. Somehow, the business was neither profitable nor popular. Sanket was keen to find out the reason. He appointed Riya, an MBA from a reputed management institute as a manager to find out the causes of the business not doing well.
Riya, took a feedback from the clients and found out that though they loved the special unique aroma of coffee but were not happy with the long waiting time being taken to process the order. She analysed and found out that there were many unnecessary obstructions which could be eliminated. She fixed a standard time for processing the order. She also realised that there were many flavours whose demand was not enough. So, she also decided to discontinue the sale of such flavours. As a result, within a short period Riya was able to attract the customers.
Identify and explain any two techniques of scientific management used by Riya to solve the problem.

State any four points which highlight the importance of principles of management.

State any four features of principles of management.

Explain the technique of Scientific management which is the strongest motivator for a worker to reach standard performance.

Explain any four disadvantages of Piece Rate System of Wage Payment.

Explain any four points which highlight the importance of principles of management.

Explain the following principles of management:

1. Subordination of Individual Interest to General Interest.
2. Development of Each and Every Person to His or Her Greatest Efficiency.

Describe the nature of principles of management with the help of any four points.

Explain the following principles of management:

1. Scalar Chain.
2. Harmony, not discord.

Principles of Taylor and Fayol are mutually complementary. One believed that the management should share the gains with the workers, while 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.

Functional foremanship violates Henry Fayol's principle of ________.

_______ is the formal lines of authority and communication that runs from top to bottom level of management.

_______ aims at elimination of superfluous varieties, sizes and dimensions of the product.

__________ is the technique of scientific management that is the extension of principle of division of work and specialisation to the shop floor.

________ involves a complete change in mental outlook and attitude of workers and management towards one another from competition to cooperation.

The principles of management are rigid. (True/ False)

'Unity of command' lays down that all the divisions of an organisation should have one objective and one head over it. (True/ False)

'Motion study' helps in improving the efficiency of workers. (True/ False)

‘Science, not rule of thumb' is a technique of scientific management. (True/ False)

The principles of management are contingent. (True/ False)