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Explain the following principle of management: Order - Business Studies

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Explain the following principle of management:

Order

What is meant by order as a principle in Fayol's management?

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Solution

The principle of order highlights how crucial it is to arrange people, equipment, materials, and resources in a methodical and ordered way in order to effectively accomplish organizational goals. Keeping resources organized to promote efficient workflow, reduce waste, and increase output is a key component of orderliness. Organizations can optimize resource usage, minimize errors and delays, and streamline operations by upholding order. For instance, establishing standardized practices for workflow and inventory management aids in keeping manufacturing operations organized. 

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Chapter 6: Principles of Management - EXERCISES [Page 162]

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C. B. Gupta Commerce Volume 2 [English] Class 12 ISC
Chapter 6 Principles of Management
EXERCISES | Q 15. | Page 162
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