Advertisements
Advertisements
Question
A production manager at top level in a reputed corporate, Mr. Rathore holds the responsibility for ordering raw material for the firm. While deciding on the supplier for the financial year 2017-18, he gave the order to his cousin at
a higher price per unit instead of the firm’s usual supplier who was willing to lower the rates for the order. Which principle of management was violated by Mr. Rathore? What are the positive impacts of following the above identified principle?
Advertisements
Solution
Mr. Rathore had violated the principle of subordination of individual interest over the general interest.He preferred his own interests by giving the supply order to his family member at a higher price but not to the supplier who was providing the same at a lower cost. This might have led to his achieving personal goal but not the organization’s goal.
APPEARS IN
RELATED QUESTIONS
The principle of management which says ‘unity is strength’.
Explain why is it said that principles of management are 'mainly behavioural' and 'contingent' in nature. Also explain how principles of management 'provides managers with useful insights into reality' and 'helps in thoughtful decision-making'.
Explain briefly Remuneration of Employees and Scalar Chain as principles of general management.
Explain briefly Espirit de Corps and Order as general principles of management.
Explain the following principles of management:
Development of Each and Every Person to His or Her Greatest Efficiency.
Henry Fayol developed altogether _________ principles of management.
What is Management? Explain the nature of management.
How is the Principle of ‘Unity of Command’ useful to management? Explain briefly.
Explain the principle of ‘Scalar Chain’ and gang plank.
Write a word or phrase or a term which can substitute the following:
The one who is known as father of modern management.
Write a word or phrase or a term which can substitute the following.
The principle of management which says unity is strength.
Write a word or phrase or a term which can substitute the following.
The statements of fundamental truth of management.
State with reasons whether the following statement true or false:
Principles of management are rigid.
Match the pairs.
| Group A |
Group B |
| A) Henry Fayol |
1) Eight Foremen |
|
B) Principle of Unity of Direction |
2) F.W. Taylor |
|
C) Principle of Management |
3) Proper division of all activities |
|
D) Scientific Management Theory |
4) General guidelines |
|
E) Functional Organization |
5) A place for everything and everything in its place |
|
6) One head-one plan |
|
|
7) Low wage rate |
|
|
8) Harmony between the employee and management |
|
|
9) German engineer |
|
|
10) Modern Management |
|
After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority. In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honour her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees. |
“Therefore, when the business was doing well, she honoured her commitment by giving bonus to her employees.” Which principle of management is being highlighted here?
Principles of management are NOT
How are principles of management formed?
______ is the process of dividing work into manageable activities and then grouping the activities which are similar in nature.
Justify the following statement.
Principles of management can be applied universally.
