Question

Explain the following principles of general management: (i) Unity of command (ii) Equity (iii) Initiative OR Explain the following points of…

Accepted Answer

(a) (i) Unity of command  There should be one and only one boss for every individual employee.  Dual subordination should be avoided to prevent confusion regarding tasks to be done. (ii) Equity  This principle emphasises kindliness and justice in the behaviour of managers towards workers.  There should be no discrimination against anyone on account of sex, religion, language, caste, belief or nationality etc. (iii) Initiative  Initiative means taking the first step with self-motivation. It is thinking out and executing the plan and should be encouraged.  A good company should have an employee suggestion system whereby initiative/suggestions which result in substantial cost/time reduction should be rewarded. OR (b) Explain the following points of significance of principles of management: (i) Meeting changing environment requirements (ii) Management training, education and research (iii) Optimum utilisation of resources and effective administration (b) (i) Meeting changing environment requirements  The principles are in the nature of general guidelines but they are modified and help managers to meet changing requirements of the environment.  Management principles are flexible to adapt to dynamic business environment. (ii) Management training, education and research  Principles of management are at the core of management theory and are used as a basis for management training, education and research.  They provide basic groundwork for the development of management as a discipline and are part of curriculum for professional managerial courses. (iii) Optimum utilisation of resources and effective administration  Resources both human and material available with the company are limited and have to be used in such a manner that they should give maximum benefit with minimum cost.  Principles of management limit the boundary of managerial discretion so that their decisions may be free from personal prejudices and biases.

Explain the following principles of general management :
(i)
Unity of command
(ii)
Equity
(iii)
Initiative

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