Advertisements
Advertisements
Question
State the features of management.
Advertisements
Solution
The features of management can be judged from the various principles on which it is based. The following points highlight the nature of principles of management.
The following points highlight the nature of the principles of management:
i. Universal - Universality of management principles implies that they can be applied to every firm, irrespective of its size, nature or location.
ii. Act as guidelines - Management principles act as guidelines; they are considered general premises for decision making. However, they do not provide straitjacket solutions to all problems.
iii. Experiment based - Management principles have been developed through years of research and experimentation; that is why they are technical in nature. They pertain to different working situations and can be modified by managers as per the situations and requirements.
iv. Flexible - Management principles are not rigid in nature. They can be moulded by managers as per the need of the hour.
v. Behavioural - Management principles aim at influencing the behaviour of individuals; the applicability of these principles varies according to changes in human nature.
vi. Indicative of cause–effect relationship - As management principles are based on years of experimentation, they provide a definite cause and effect relationship.
APPEARS IN
RELATED QUESTIONS
Write the word or phrase or term which can substitute the following:
The principle of management explaining about fair payment to workers.
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 discipline and scalar chain as principles of general management.
Explain briefly Initiative and Esprit de Corps as principles of general management
Explain the following principles of management:
Subordination of Individual Interest to General Interest.
Explain the following principle of management.
Authority and Responsibility
The principle of management which advocates that work should be divided into small sub‐parts.
Management is a .......................... science.
An organisation designed to liberalize and supervise the international trade.
State the main objective of time study.
Select the proper option from the options given below and rewrite completed Sentence.
Technique of study of ________ concentrates on the body movements of the worker.
Write a word or phrase or a term which can substitute the following:
The one who is known as father of modern management.
Discuss the need for the principles of management.
How are principles of management formed?
Principles of management cannot be ______.
|
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?
Principles of management are NOT
Management principles are very ______ whereas pure science principles are rigid.
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 |
