Question

Explain the following principles of management given by Fayol: (i) Division of work (ii) Authority and Responsibility OR Explain the following points…

Accepted Answer

(i) Division of Work § The principle of Division of work suggests that work can be performed more efficiently if it is divided into specialised tasks. § A trained specialist who is competent, is required to perform each job leading to specialization which results in efficient and effective output. (ii) Authority and Responsibility § The principle of Authority and Responsibility suggests that managers require authority commensurate with their responsibility. § An organisation should build safeguards against abuse of managerial power. At the same time, a manager should have necessary authority to carry out his responsibility. OR (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 these principles adds to their knowledge, ability and understanding of managerial situations and circumstances thereby increasing managerial efficiency. (ii) Optimum utilization of resources and effective administration. § Principles of management help in optimum utilisation of resources by equipping managers to foresee the cause and effect relationships thereby reducing the wastages associated with trial and error approach. § Principles of management help in effective administration by limiting the boundaries of managerial discretion so that decisions are free from personal prejudices.

Explain the following principles of management
given by Fayol:
(i)
Division of work
(ii)
Authority and Responsibility

Marking-scheme solution

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