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
Explain the following principle of management:
Scalar chain
Explain the following principles of management:
Subordination of Individual Interest to General Interest.
Explain the following principles of management:
Development of Each and Every Person to His or Her Greatest Efficiency.
Explain the following principle of management.
Authority and Responsibility
Explain the following principles of management:
Co-operation, not Individualism
Explain briefly 'Discipline' and 'Unity of Command' as general principles of management.
State the principle of management which refers to concentration of power or authority.
What is Management? Explain the functions of Top level and Lower level management.
what makes principles of management flexible ?
SanakLal and Gagan started their career in Wales Limited (a printing press) after going through a rigorous recruitment process. Since they had no prior work experience, the firm decided to give them one year to prove themselves. Name the principle of management followed by Wales Limited.
Select the proper option from the options given below and rewrite completed Sentence.
Principle that focuses on complete change in the attitude of the employees is known as the principle of ________.
Match the correct pairs:
| Group A | Group B | ||
| a | Henry Fayol | 1 | Universal |
| b | Principle of unity of command | 2 | Father of Scientific Management |
| c | Time study | 3 | Specific |
| d | F.W. Taylor | 4 | French engineer |
| e | Management principles | 5 | Study the time required to do a job |
| 6 | German engineer | ||
| 7 | One man one boss | ||
| 8 | Study the body movements of the Worker | ||
| 9 | Father of nation | ||
| 10 | One man many bosses |
Write short note on the following.
Principle of scalar chain
|
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 honours 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. |
Aditi has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. Which principle of management is being followed here?
How are principles of management formed?
Which of the following does not apply to Principles of Management :
Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately:
The task of getting things done by others is known as management.
How are principles of management described in relation to pure science?
