OCM 1 Marks Each

Psychology, social studies, statistics, mathematics and computer and information technology are the other subjects related – to thoughts of modern management.

Concepts like inter-human relations, motivation, leadership, information communication process, disposal of industrial disputes are included in behavior related thoughts.

The principles, opinions and thoughts given by several management gurus are together known as management thoughts.

Unity of command means that employees cannot follow orders from more than one superior. It means that the employees should get order from only one superior for any job or activity.

Time study means scientific study being done for the time required to complete certain part of task. The time decided to finish this work in normal circumstances, is called standard time.

Principles which are formed in relation to the human behavior for achieving the goals easily are known as principles of management.

By using principle of management, appropriate decision can be made which is timely, unbiased and without partiality.

Due to initiation habit strength of independently working in employees develops and also increase the leadership strength.

Employees behavior towards management depends on faithfulness, stance, uniformity and justice.

While assigning the powers to employees, parameters like post of employees, knowledge, qualification, experience, art of leadership, maturity etc, should be considered.

Due to division of work, efficiency of employees and managers can be increased and specialization is also possible.

Management activities includes planning management, direction, personnel management and control.

Activities like purchase, sales and exchange of units are includes in the commercial activities shown by Henry Fayol.

Differentiate wage method means given to workers, based on time spent on work through wage related motivation.

For skilled workers, promotional schemes like bonus, profit sharing, representation in managerial committee should be implement.

Supervision, clear and appropriate contracts between workers and owners, as well as appropriate implementation of punishment at every level are important for discipline.

Technical activities shown by Henry Fayol includes factory, machinery and activities related to production.

Peter Drucker has mainly contributed to the sector of human resource management, market management and stress management.

Motion study means a methods of removing waste generated unnecessarily or produced in wrong direction by an ineffective movement is called Motion Study.

For the scientific selection of employees benchmarks like education, physical strength, skill, guts, training etc… can be considered.

Authenticity is required for the matters like equipment, time situation of work etc.

Time study, motion study and fatigue observation are included in the concept of job analysis given by Frederick Taylor.

Frederick Taylor has given the principles scientific management for the purpose of creating harmony between worker and owner.

Employees cannot follow orders of more than one superior, hence this principle shown that employees should get orders from only one superior and should be accountable also, to the one superior only for a particular job or department. If more that one superior and should be accountable also, to the one superior only for a particular job or department. If more that one superior gives order, it creates confusion among employees and due to that industrial dispute cannot be maintained.

Behaviour related thought emphasize on job satisfaction and increasing efficient of employees by using psychological findings.

Accounting activities shown by Henry Fayol includes financial statement and procuring necessary numerical information.

In the branches of thoughts of neo classical theory, human relation or human behavior thoughts social mechanism thought and social arrangement thought are included.

Elton Mayo, Rensis Likert, Chris Agyris, McGregor and Maslow are the main contributors of the thoughts of neo classical theory.

Element of informal organization, human behavior, human relation, inspiration etc. Were added to the thought of Neo-Classical Theory.

The thoughts of neo classical theory emphasizes upon behavior approach and group behavior for management.

The promoter of neo classical theory, psychologist Elton Mayo has given birth to behavior oriented thoughts by Hawthorne Experiment.

Elton mayo is called the promoter of thoughts of Neo Classical Theory.

Financial activities shown by Henry Fayol includes activities like procurement of capital, use of capital fund, maintenance and re-investment of funds.

The limitation of classical theory includes more importance of motivation less importance to human approach and informal relation are neglected.

Max Wabor contributed by presenting theory bureaucratic management.

Frederick Taylor’s scientific management approach favors the principle presented scientifically by thoughts and motion study.

Frederick Taylor, Max Wabor, Gilbreath, Henry Fayol are the main promoters of the thoughts of classical theory.

Apart from profit, a business unit have aims of development and progress of society.

Henry Fayol decided level of different task of business unit and tried to decide limits of task, beside this to perform managerial duties at different level he has provide fourteen universal principle management.

Many management gurus have periodically presented different principles by their opinion regarding management, is called Management Thoughts.

Optimum use of resource means getting maximum benefit with minimizing cost through use of Principles of Management.

Harold Koontz has hailed the ideology of management as jungle.

In ancient times, one can see the proper usage of management in polity and war strategy during the rule of Chhatrapati Shivaji.

During the rule of Chandragupta Maurya, we can see the use of elements of management in ancient time.