Question

Explain the following characteristics of Principles of Management: (i) General guidelines (ii) Flexible (iii) Cause and effect relationship OR…

Accepted Answer

(i) General guidelines § The principles of management are guidelines to action but do not provide readymade straitjacket solutions to all managerial problems. § It is so because real business situations are very complex and dynamic and 22 Q. are a result of many factors. (ii) Flexible § The principles of management are not rigid prescriptions, which have to be followed absolutely. § They are flexible and can be modified by the manager when the situation so demands. They give the manager enough discretion to do so. (iii) Cause and effect relationship § The principles of management are intended to establish relationship between cause and effect so that they can be used in similar situations in a large number of cases. As such, they tell us if a particular principle was applied in a particular situation, what would be its likely effect. § In real life, situations are not identical. So, accurate cause and effect relationships may be difficult to establish. OR (b) Explain the following techniques of Scientific Management: (i) Method Study (ii) Differential Piece Wage System (iii) Fatigue Study (i) Method Study § It is a study to find out one best way of doing the job and includes all activities from procurement of raw materials till the final product is 23 Q. delivered to the customer. § It helps to minimize the cost of production and maximize quality and satisfaction of the customer. (ii) Differential Piece Wage System § Differential Piece Wage System is a technique which differentiates between efficient and less efficient workers. It rewards the efficient workers and motivates the less efficient ones to improve their efficiency. § In this plan, there are two piece rates – one for those workers who produce the standard output or more, and the other for those who produce less than the standard output. (iii) Fatigue Study § Fatigue Study determines the amount and frequency of rest intervals in completing task. § The rest intervals help the workers to regain stamina and work again with the same capacity resulting in increased productivity.

Explain the following characteristics of Principles of Management :
(i)
General guidelines
(ii)
Flexible
(iii)
Cause and effect relationship

Marking-scheme solution

More from Principles of Management

(a)OR(b)Explain the following characteristics of Principles of Management :(i)General guidelines(ii)Flexible(iii)Cause and effect relationshipExplain the following techniques of Scientific Management :(i)Method Study(ii)Differential Piece Wage System(iii)Fatigue Study

Marking-scheme solution

More from Principles of Management

Explain the following characteristics of Principles of Management :
(i)
General guidelines
(ii)
Flexible
(iii)
Cause and effect relationship