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Question
Write a word or phrase or a term which can substitute the following:
The one who is known as father of modern management.
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Solution
The one who is known as father of modern management. - Henry Fayol
Explanation:
Henry Fayol is regarded as the “father of modern management”. He developed 14 principles of management after conducting a number of experiments in the field of management.
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Principles of management improve the efficiency of employees.
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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?
Management principles influence ________.
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 scientific management which explains the use of scientific methods to determine the activity performed by the employee.
How are principles of management formed?
______ 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 NATURE of PRINCIPLES OF MANAGEMENT in Column I with their correct EXPLANATION in Column II.
| Column I | Column II | ||
| (1) | Universal applicability | (i) | Direct but do not provide readymade, straitjacket solutions |
| (2) | General guidelines | (ii) | Not rigid prescriptions, can be modified as per the situation |
| (3) | Flexible | (iii) | Aim at influencing behaviour of human beings |
| (4) | Behavioural | (iv) | Applicable to all types of organizations |
Management principles are very ______ whereas pure science principles are rigid.
How are the Management principles derived?
Justify the following statement.
Principles of management can be applied universally.
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 'General Guidelines’ as a feature of principles of management.
