PRINCIPLES OF MANAGEMENT Flashcards
COM EXAM
1
Q
MEANING OF PRINCIPLES
A
It is a fundamental truth that explain the relationship between two or more variables under given situation
These principles establish relationship between cause and effect
Management principles provide guidelines for managerial decision making and action
2
Q
NATURE OF PRINCIPLES OF MANAGEMENT
A
- Universality
- Flexibility
- Influencing Human Behaviour
- Cause and effect Relationship
5.Equal Importance
3
Q
NEED FOR PRINCIPLES OF MANAGEMENT
A
- To crystallise true nature of management
- to train managers
- to attain social goals
- to clarify thinking
- to evaluate managerial behaviour
4
Q
SCIENTIFIC MANAGEMENT
A
Art of knowing exactly what you want your men to do and then see the do it in the best and cheapest way
5
Q
F.W. TAYLOR’S PRINCIPLES OF SCIENTIFIC MANAGEMENT
A
- Science not a rule of thumb
- Harmony not discord
- Maximum not restricted output
- Division of work and responsibility
- Standardization
6
Q
MAIN OBJECTIVES OF SCIENTIFIC MANAGEMENT
A
- standardization
- minimize cost
- improve quality
7
Q
HENRI FAYOL’S PRINCIPLE OF MANAGEMENT
A
- Division of work
- Authority and responsibility
- discipline
- unity of command
- unity of direction
6.Subordination of individual interest to general interest - Remuneration
- Centralization
- Scalar Chain
10.Order - Equity
12.Stability of Tenure - Initiative
14.Esprit de corps
8
Q
Unity of command violation
A
- Overlapping of orders and instruction
- Confusion and Indiscipline
- Duplication of Work
- disrespect to superiors
9
Q
Order violation
A
- Confusion and chaos in the organization
- Wastage of resources
- Increase in cost of operations
10
Q
Stability of Tenure violation
A
- Feeling of insecurity among employees
- Reduction of efficiency of employees
- Disturbance of work routine
