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Business Studies · 2024 · 6 marks
CBSE 2024 · Region 2 · Set 1 · Q32
a) Explain the following principles of Scientific Management: (i) Science, Not Rule of Thumb (ii) Harmony, Not Discord (iii) Development of Each and…
(a)
Explain the following principles of Scientific Management:
(i)
Science, Not Rule of Thumb
(ii)
Harmony, Not Discord
(iii)
Development of Each and Every Person to His or Her Greatest
Efficiency and Prosperity
OR
(b)
Explain the following points of significance of principles of
management:
(i)
Providing managers with useful insights into reality
(ii)
Scientific decisions
(iii)
Fulfilling social responsibility
Marking-scheme solution
(i)
Science, Not Rule of Thumb
•It states that there is only one best method to maximise efficiency. This
method can be developed through scientific study and analysis of each
element of a job and should substitute ‘Rule of Thumb’.
•The standard method should be followed throughout the organisation.
(ii)
Harmony, Not Discord
•This principle emphasizes that there should be complete harmony
between management and workers. This requires ‘Mental revolution’ on
the part of both management and workers.
• Both management and the workers should transform their thinking.
Management should share gains of the company if any with the workers
and workers should work hard and be willing to embrace change for the
good of the company.
(iii)
Development of Each and Every Person to His and Her Greatest
Efficiency and Prosperity
This principle is concerned with efficiency of employees which
could be built in right from the process of employee selection.
The work assigned to employees should suit their capabilities. They
should be given the required training to increase their efficiency.
Efficient employees would produce more and earn more. This will
ensure their greatest efficiency and prosperity for both the
company and the workers.
(i)
Providing managers with useful insights into reality
Principles of management provide useful insights into reality by
enabling the managers to learn from past mistakes and conserve
time by solving recurring problems quickly.
Adherence to the principles will add to their knowledge, ability
and understanding of managerial situations and circumstances.
(ii)
Scientific decisions
Principles of management help in taking scientific decisions
because the decisions based on principles are free from bias.
They are based on the objective assessment of the situation
(iii)
Fulfilling social responsibility
The increased awareness of the public forces businesses to fulfil
their social responsibilities.
Management theory and principles have also evolved in response
to these demands.
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CBSE Class 12 Business Studies past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.