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Revision: Unit-3 : Management >> Principles of Management Commerce ISC (Commerce) Class 12 CISCE

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Key Points

Key Points: Taylor's Principles of Scientific Management
  • F.W. Taylor = Father of Scientific Management: He introduced scientific measurement and study to solve managerial problems.
  • Meaning of Scientific Management: It means knowing exactly what workers should do and ensuring it is done in the best and cheapest way (not hit-and-miss).
  • Science, not Rule of Thumb: Work should be based on scientific study, planning, and standard methods, not trial-and-error.
  • Harmony & Mental Revolution: There should be cooperation between management and workers, with a change in attitudes and sharing productivity gains.
  • Productivity Focus: Aim for maximum output, plus division of work/responsibility (management plans, workers perform) and scientific selection + training of workers.
  • Standardisation & Objectives: Standardise tools, equipment, methods, and working conditions to increase productivity, reduce cost per unit, and improve quality.
  • Effects (Objections + Advantages): Workers feared overburdening, high standards, and unity breaking; but benefits include higher productivity & lower cost (employer), better conditions & earnings (employee), and higher living standard & national income (society).
Key Points: Fayol's Principles of Management
  • Introduction: Henri Fayol (1841–1925) was a French industrialist who developed a general theory of management and wrote General and Industrial Management (French 1916; English 1929).
  • 6 Business Activities: Fayol classified activities into Technical, Commercial, Financial, Security, Accounting, and Managerial.
  • Functions/Elements of Management: Management includes Planning (forecasting), Organising, Commanding, Coordinating, and Controlling.
  • Managerial Qualities: A good manager needs physical, mental, moral, educational, technical qualities and experience; Fayol stressed formal training/education.
  • Work & Authority Principles: Key principles include Division of work, Authority with responsibility, and Discipline for smooth running.
  • Unity & Interest: Follow Unity of command (one boss) and Unity of direction (one plan/one head), and ensure general interest over individual interest.
  • Other Important Principles: Fair remuneration, balance of centralisation–decentralisation, scalar chain (with gang plank for urgent communication), order, equity, stability of tenure, initiative, and esprit de corps (team spirit).
Key Points: Universality of Management Principles
  • Universality: Management principles apply to all organisations.
  • Transferable: Managerial skills/knowledge can be shifted across firms and countries.
  • Common need: Every organisation needs coordination of human + physical resources.
  • Different application: Principles are same, but use differs by culture and situation (e.g., division of work level).
  • Science vs art: Principles are universal (science), but practice is culture-bound (art); know-how can be imported via education/MNCs.
Key Points: Meaning of Principles of Management
  • Principles of management are well-tested guides for managers, based on past experience and research.
  • A principle is a basic truth that helps in thinking and taking action, and shows a cause–effect relationship between variables.
  • These principles help managers solve problems scientifically and systematically and improve decision-making.
  • They are not hard and fast laws—they must be applied according to the nature and needs of the situation (flexible).
  • Principles are developed mainly through: (a) Observation of real events in practice, and (b) Experiment/empirical studies to test validity.
Key Points: Nature of Principles of Management
  • Universal: Applicable in all organisations and at all levels of management.
  • Flexible & Situational (Contingent): Not rigid or absolute—can be modified and applied as per the situation and needs.
  • Human Behaviour Based: Deals with people, so it aims to influence human behaviour for the best results.
  • Not exactly like Physical Sciences: Human behaviour is complex, so principles are general guidelines, not fixed laws.
  • Cause–Effect + Equal Importance: Shows cause–effect relationships and all principles are equally important for managers.
Key Points: Need for Principles of Management
  • Increase efficiency: Give tested guidelines to work better, avoid trial-and-error, save time and effort, and reduce mistakes.
  • Explain management clearly: Help to understand and analyse the true nature of management and build management as a science.
  • Help in training managers: Provide a conceptual framework for systematic and scientific training in institutes and universities.
  • Support research & spread knowledge: Act as a base for further research, give new ideas, and help in teaching/management education.
  • Social goals + better decision-making: Help in optimum use of resources, provide quality goods at fair prices, reduce waste, improve cooperation, and also clarify thinking + evaluate managerial behaviour.
Key Points: Relevance of Principles Today
  • Principles still useful today: They have lasted over time, but may need modification according to the situation.
  • Division of work + Authority–Responsibility: Work must be shared (one person can’t do all) and authority must match responsibility; the degree varies in different organisations.
  • Discipline: Essential for smooth functioning, but the type of discipline differs (self-discipline vs strict/army-type).
  • Unity of command & direction: Usually followed, but sometimes dual reporting happens and some firms use matrix structure.
  • Other principles vary in practice: Fair pay, centralisation level, scalar chain may differ/ be violated; order, equity, stability, initiative, and team spirit are important but sometimes not properly followed.
Key Points: Distinction between Taylor and Fayol
Basis Taylor Fayol
Level Shop-floor Top management
Role Scientist Practitioner
Aim Worker productivity Admin efficiency
Method Measurement & study Principles
Theory Scientific management General administration
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