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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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Explain how the principles of management help the managers:
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(ii) in providing the managers with useful insights into real-world situations.
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 |
|
|
10) Modern Management |
Only some principles of management are important.
|
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 honour 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. |
“Therefore, when the business was doing well, she honoured her commitment by giving bonus to her employees.” Which principle of management is being highlighted here?
______ is the process of dividing work into manageable activities and then grouping the activities which are similar in nature.
______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished.
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 |
Explain 'Universal Applicability' as a feature of principles of management.
