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Questions
Explain 'Universal Applicability' as a feature of principles of management.
Explain the following characteristic of principles of management.
Universal applicability
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Solution
Management principles can be used globally in any circumstance, subject to the conditions and requirements of the situation. For example, regardless of size (small, medium, or large), every business must adhere to sales and marketing concepts in order to sell their products/services. However, techniques to sales and marketing will differ based on the nature of the product/service and the representative industry.
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Explain the following principles of management:
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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.
Bhasin’ limited was engaged in the business of food processing and selling its products under a popular brand. Lately the business was expanding due to good quality and reasonable prices. Also with more people working the market for processed food was increasing. New players were
also coming to cash in on the new trend. In order to keep its market share in the short run the company directed its existing workforce to work overtime. But this resulted in many problems. Due to increased pressure of work the efficiency of the workers declined. Sometimes the subordinates had
to work for more than one superior resulting in declining efficiency. The divisions that were previously working on one product were also made to work on two or more products. This resulted in a lot of overlapping and wastage. The workers were becoming indisciplined. The spirit of teamwork, which
had characterized the company, previously was beginning to wane. Workers were feeling cheated and initiative was declining. The quality of the products was beginning to decline and market share was on the verge of decrease. Actually the company had implemented changes without creating the required infrastructure.
a. Identify the Principles of Management (out of 14 given by Henry Fayol) that were being violated by the company.
b. Explain these principles in brief.
c. What steps should the company management take in
relation to the above principles to restore the company
to its past glory?
Select the proper option from the options given below and rewrite completed Sentence.
Concentration of power of authority is stated in the principle of ________.
Write a word or phrase or a term which can substitute the following.
The principle of management that says the work should be divided into parts.
Write a word or phrase or a term which can substitute the following.
The principle of management explaining the importance of fair payment to workers.
Write short note on the following.
Nature of management.
State with reasons whether the following statement true or false:
The principles of equity says that the employees should be differentiated while distributing the work and making payment.
Answer in one sentence.
What is the meaning of principle?
Principles of management cannot be ______.
Which of the following statements is false with respect to principles of management?
How are the Management principles derived?
______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished.
______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished.
