Question

Deewan Ltd. is a multinational consulting company with its headquarters at Washington D.C. It hires young people from different countries of the world. It is a company in which people dream to work because of its work-environment, pay and growth prospectus. The company has a culture of open communication and people of various nationalities work together in a discrimination free environment. The behaviour of managers of Deewan Ltd. emphasises kindliness and justice which ensures loyalty and devotion of workers.  It also promotes mutual trust and belongingness among team members. In this way management of Deewan Ltd. is able to achieve its objectives by promoting teamwork. By doing so, managers of Deewan Ltd. are following some principles of management.

1. Identify two such principles. (1)
2. Briefly explain the principles identified in part (i). (2)
3. Enumerate any two positive effects of applying the above two identified principles at workplace. (2)
4. Discuss any three points of significance of applying management principles. (3)

Answer 1

1. Equity and Espirit de corps.
2. Explanation of the Principles: 
   1. Equity: It means managers should treat employees fairly and with kindness. Justice and fair treatment promote loyalty and devotion in the workforce.
   2. Esprit de Corps: It refers to team spirit. Managers should promote harmony, unity, and mutual trust among employees to ensure teamwork and cooperation.
3. Two Positive Effects of Applying These Principles at the Workplace:
   1. Employee Loyalty: Fair treatment and teamwork boost loyalty and dedication among workers.
   2. Improved Teamwork: Team spirit leads to better collaboration, fewer conflicts, and higher productivity.
4. Three Points of Significance of Applying Management Principles:
   1. Provides Useful Insights: Principles guide managers to solve problems effectively.
   2. Helps in Achieving Goals: Applying principles ensures coordinated efforts to achieve organizational objectives.
   3. Optimum Resource Utilization: Principles promote efficient use of resources, reducing wastage and improving productivity.