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Question
Write short note on the following.
Nature of management.
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Solution
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.
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RELATED QUESTIONS
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 the following principle of management:
Scalar chain
Explain the following principles of management:
Harmony, not discord.
Explain the following principles of management:
Development of Each and Every Person to His or Her Greatest Efficiency.
Explain the following principles of management:
Co-operation, not Individualism
Henry Fayol developed altogether _________ principles of management.
State the features of management.
Explain the principle of ‘Scalar Chain’ and gang plank.
State with reasons whether the following statement true or false:
Principles of management improve the efficiency of employees.
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.
Explain how the principles of management help the managers:
(i) in taking scientific decisions; and
(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 |
What is principle management?
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 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. |
“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.” Identify the principle of Management being followed here:
Which of the following statements is false with respect to principles of management?
How are the Management principles derived?
Explain 'General Guidelines’ as a feature of principles of management.
Principles of Management are not as accurate as principles of Science because ______.
