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Questions
Explain any four characteristics of ‘principles of management’.
Explain any four points which highlight the nature of ‘Principles of Management’.
State any four features of ‘Principles of Management’.
Write any two features of principles of management?
Briefly discuss any four features of management principles.
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Solution 1
- Applicability: Principles of management command applicability in all businesses in accordance with their suitability. The extent to which they can be applied entirely depends on the business and its requirements.
- Basic framework: Principles of management are not readymade solutions to business problems. Rather, they only provide the basic framework or guidelines to tackle different problems in different scenarios applicable to the business.
- Practical approach: Principles of management are developed through research results derived by handling real-life business problems. This means they are practical in approach and not just a theoretical analysis of problems.
- Adaptability: Principles of management are adaptable to most business problems with slight variations. Different organisations find different aspects of these principles useful. Managers find them significant in dealing with different decision making scenarios in real business.
Solution 2
- Universally applicable: Principles of management have universal applicability, i.e. they can be applied to all organizations irrespective of their size, nature, and geographical location.
- Guidelines: Management principles are the guidelines for decision making in the course of management. That is, the principles of management are not applied as they are in real business situations; rather, they need to be modified by the manager according to the situation and the requirement.
- Formed by experimentation: Management principles are developed over time by exhaustive observations and experimentation by managers in different situations.
- Flexible: Management principles are not rigid. They are flexible enough to be used and molded by the manager according to the requirement of the situation.
- Influence Buman Behaviour: The principles of management are meant for influencing human behaviour and getting higher performance from them. They guide them on how to respond under different situations. For example, principles like division of work, unity of command, discipline, unity of direction, etc. help the managers to regulate the behaviour of operative employees. However, because of the complex nature of human behaviour, management principles might have limited application.
Notes
Students should refer to the answer according to their question and preferred marks.
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Select the proper option from the options given below and rewrite completed Sentence.
Concentration of power of authority is stated in the principle of ________.
Select the proper option from the options given below and rewrite completed Sentence.
F.W. Taylor is called as the father of ________ management.
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 |
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 |
|
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10) Modern Management |
Answer in one sentence.
What is the meaning of principle?
How are the Management principles derived?
Management principles are very ______ whereas pure science principles are rigid.
The task of getting things done by others is known as management.
Match the correct pairs:
| Group ‘A’ | Group ‘B’ | ||
| (a) | Henry Fayol | (1) | It is the process of instructing, guiding, communicating and motivating |
| (b) | Directing | (2) | Scientific Management theory |
| (c) | Responsibility towards Government | (3) | It is the process of recruiting, selecting, placing and remunerating |
| (d) | Digital cash | (4) | To earn profit |
| (e) | Monopoly | (5) | Respecting rules and regulations |
| (6) | Exist only in cyber space | ||
| (7) | Exist everywhere | ||
| (8) | Single buyer | ||
| (9) | Modern management theory | ||
| (10) | Single seller |
