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Question
State with reasons whether the following statement true or false:
Principles of management are rigid.
Options
True
False
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Solution
The statement is False.
Explanation:
- Principles of management are flexible in nature. It means that they can be moulded as per the need of the hour or as per the requirement.
- Management principles are intended to be implemented in a variety of settings and can be tailored to the needs and conditions of an organisation.
- Unlike scientific rules, which are globally unchanging, management principles allow for flexibility and adaptation to meet individual organisational needs, cultural variations, and changing circumstances.
- Management principles are general guidelines, not strict rules. Their application depends on the circumstances faced by the organization.
- This adaptability is critical because it enables management methods to remain relevant and effective in a constantly changing company environment.
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Write short note on the following.
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| Group A |
Group B |
| A) Henry Fayol |
1) Eight Foremen |
|
B) Principle of Unity of Direction |
2) F.W. Taylor |
|
C) Principle of Management |
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|
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|
E) Functional Organization |
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|
6) One head-one plan |
|
|
7) Low wage rate |
|
|
8) Harmony between the employee and management |
|
|
9) German engineer |
|
|
10) Modern Management |
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| Group ‘A’ | Group ‘B’ | ||
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| (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 |
