(a)OR(b)

Explain the following principles of 'General Management':

(i)

Discipline

(ii)

Equity

• (i) Discipline It is the obedience to organizational rules and employment agreement which are necessary for the working of the • organization. It requires good superiors at all levels, clear and fair agreement and judicious application of penalties. • (ii) Equity The principle of Equity states that there should be no discrimination against anyone on account of gender, religion, • language, caste, belief, nationality etc. This principle emphasises kindliness and justice in the behaviour of managers towards the workers to ensure loyalty and devotion.• (i) Fulfilling social responsibilities Increased awareness of the public forces businesses to fulfill their social responsibilities. Principles of management help in • doing so by responding to the demands of the public. The interpretation of the principles also assumes newer and contemporary meanings with the change in time. Management theory and management principles have also evolved in response to this. • (ii) Management training, education and research Principles of management are at the core of management theory. As such these are used as a basis for management • training, education and research. The principles provide the basic groundwork for the development of management as a discipline. Professional courses such as MBA (Master of Business Administration), BBA (Bachelor of Business Administration) also teach these principles as part of their curriculum.