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Business Studies > Principles of Management > Flashcards

Principles of Management Flashcards

1
Q

What do you mean by principles of management?

A

It is a general guideline for decision making and behavior.

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2
Q

What is technique?

A

Procedures that involve a series of steps in accomplishing goals.

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3
Q

What is principle?

A

Guideline to take decisions while practicing techniques.

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4
Q

State all the headings of nature of principle of management.

A 
universal
general
formed by practice
flexible
behavioral
cause and effect
contingent.
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5
Q

Explain universal as nature of principles of management.

A

these principles are applicable to all types of organizations, can be used in large or small firms, manufacturing or service sectors etc.

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6
Q

Explain general guideline as nature of principles of management.

A

these principles are a general guideline and not readymade solutions to managerial problems.

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7
Q

Explain formed by practice as nature of principles of management.

A

these principles are made from experience and collective wisdom of managers.

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8
Q

Explain flexible as nature of principles of management.

A

these principles are not ridged and can be modified according to the situation.

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9
Q

Explain behavioral as nature of principles of management.

A

these principles aim at human behavior and resources to accomplish goals.

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10
Q

Explain cause and effect as nature of principles of management.

A

these principles establish a cause and effect relationship so that it can be used in similar situations.

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11
Q

Explain contingent as nature of principles of management.

A

applicability of these principal depend on the situation and point of time.

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12
Q

state all the headings of significance of principles of management

A 
Meeting change
Education and research
Social responsibility
Scientific
Useful insight
Optimum utilization
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13
Q

Explain Meeting changes as a significance of principles of management.

A

companies are specializing in their core competency and diversifying non core business.

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14
Q

Explain Education and research as a significance of principles of management.

A

principles of management are core of management theory and used in training, education and research.

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15
Q

Explain scientific as a significance of principles of management.

A

helps in thoughtful and logical decision making rather than blind faith.

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16
Q

Explain social responsibility as a significance of principles of management.

A

these principles not only help in achieving organizational goals but also guide in being socially responsible.

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17
Q

Explain useful insight as a significance of principles of management.

A

help provide useful insight to managers and add to their knowledge.

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18
Q

Explain optimum utilization as a significance of principles of management.

A

help in putting resources where it gives maximum benefit with minimum cost.

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19
Q

State all the principles of scientific management.

A

Science, not rule of thumb
Harmony, not discord
cooperation, not individualism
Development of each person to their greatest efficiency

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20
Q

What is Scientific management? (fredrick winslow Taylor)

A

setting goals for the workers and seeing that they do it efficiently.

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21
Q

Explain Science, not rule of thumb as principle of scientific management.

A

there should be experimentation of scientific methods for efficiency to replace rule of thumb.

22
Q

Explain Harmony, not discord as principle of scientific management.

A

there should be harmony between the workers and managers. both parties should work together for the good of the company.

23
Q

Explain Corporation, not individualism as principle of scientific management.

A

employees should be rewarded for their suggestions which result in minimizing cost.

24
Q

Explain development of each person to their greatest efficiency as principle of scientific management.

A

each person should be scientifically selected for the job which suits their physical, mental and intellectual capabilities.

25
Q

State all the techniques of scientific management.

A 
Functional foremanship
fatigue study
method study
motion study
Standardization and simplification
time study
different wage system
26
Q

Explain functional foremanship as technique of scientific management.

A

aims at separation of planning and production functions between 8 persons as no singles person could fit all the qualities of a good supervisor.

27
Q

name and explain roles of personnel under planning in charge.

A

instruction clerk: draft instructions
route clerk: specify route of production
time and cost clerk: prepare time and cost sheet.
disciplinary: ensures discipline

28
Q

name and explain roles of personnel under production in charge.

A

speed boss: responsible for timely and accurate completion
gang boss: keep machines and tools ready
repair boss: ensure proper quality of machines, tools and work.

29
Q

Explain standardization and simplification as technique of scientific management.

A

aims that the best practices should be kept and and experimentation should be done to set a standard throughout the organization.

30
Q

Explain standardization as technique of scientific management.

A

aims at setting standard for every business activity like raw material and time

31
Q

Explain simplification as technique of scientific management.

A

aims at eliminating unnecessary diversity to save cost and materials.

32
Q

Explain method study as technique of scientific management.

A

aims at finding the best way of doing a particular task.

33
Q

Explain motion study as technique of scientific management.

A

aims at removing unnecessary movements so that it takes less time to complete the job.

34
Q

Explain time study as technique of scientific management.

A

aims at determining a standard time to perform a well defined job.

35
Q

Explain fatigue study as technique of scientific management.

A

aims at determining frequency and amount of breaks to increase productivity.

36
Q

Explain different wage system as technique of scientific management.

A

aims at differentiating between efficient and non-efficient worker and rewarding them accordingly.

37
Q

State all the 14 principles by Henri Fayol

A 
Division of work
Authority and Responsibility
Discipline
Unity of command
Subordination of interest
equity
Espirit de corps
unity of direction
Scalar chain
Stability of personnel
Remuneration
initiative
Centralization and decentralization
order
38
Q

Explain division of work as Fayol’s principles of management.

A

work should be divided into small part and trained specialist should perform each task.

39
Q

Explain Authority and responsibility as Fayol’s principles of management.

A

there should e a balance of authority and responsibility and abuse of managerial power should be avoided.

40
Q

Explain discipline as Fayol’s principles of management.

A

obedience to organizational rules and employment agreement.

41
Q

Explain unity of command as Fayol’s principles of management.

A

employee should not get orders from two superiors to avoid confusion.

42
Q

Explain Subordination as Fayol’s principles of management.

A

interests of an organization should be of priority rather than of individual employee.

43
Q

Explain Equity as Fayol’s principles of management.

A

managers should be just, kind and fair to all employees.

44
Q

Explain unity of direction as Fayol’s principles of management.

A

activities having same objective must have one head and one plan.

45
Q

Explain Scalar chain as Fayol’s principles of management.

A

Chain of communication that should run from top to bottom and followed to all the members.
gang plank: shorter route so communication is not delayed.

46
Q

Explain remuneration as Fayol’s principles of management.

A

the pay should be fair to both employee and the organization.

47
Q

Explain initiative as Fayol’s principles of management.

A

company should welcome employees suggestions and should reward them for suggestions which reduce cost.

48
Q

Explain centralization and decentralization as Fayol’s principles of management.

A

there should be a balance of subordinate involvement through decentralization and final authority by centralization.

49
Q

Explain stability as Fayol’s principles of management.

A

employee should be kept at a position for a reasonable time to show result.

50
Q

Explain Espirit de corps as Fayol’s principles of management.

A

promote a team spirit of unity and harmony amongst employees

Business Studies (4 decks)

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