Principles Of Mgmt

Question 1

Nature of principles of management

Answer 1

General guidelines
Flexible
Mainly behavioral 
Contingent 
Universal

Question 2

Significance of principles of management

Answer 2

Optimum utilization of resources
Meeting the changing environment
Helping managers in making decisions

Question 3

Taylor principles

Answer 3

Science not rule of thumb
Harmony not discord
Cooperation not individualism
Development of each and every personnel to his/her greatest extent

Question 4

Techniques of Taylor’s scientific management

Answer 4

Functional foremanship
Standardization and simplification of work
Differential piece wage system
Motion study
Time study
Fatigue study
Method study

Question 5

Fayols principle

Answer 5

1) Authority and responsibility
2) Discipline
3) Division of work
4) Equity
5) Unity of command
6) Unity of direction
7) Initiative
8) Scalar chain
9) Subordination of individual interest to org intrest
10) Stability of personnel
11) Remuneration
12) centralization and decentralization
13) e spirit de corps
14) order

Question 6

Difference between fayol and Taylor

Answer 6

1) for toP level. For lower level
2) universally applicable. Only applicable at special situation
3) General theory. Scientific management
4) focuses of administration. Focuses on production