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Business Studies · 2024 · 6 marks
CBSE 2024 · Region 3 · Set 3 · Q31
Explain the following principles of Scientific Management: (i) Science, Not Rule of Thumb (ii) Cooperation, Not Individualism (iii) Development of…
Explain the following principles of Scientific
Management:
(i)
Science, Not Rule of Thumb
(ii)
Cooperation, Not Individualism
(iii)
Development of Each and Every Person to His/Her
Greatest Efficiency and Prosperity
OR
Explain the following points of significance of principles
of management
(i)
Providing managers with useful insights into reality.
(ii)
Meeting changing environment requirements.
(iii)
Scientific decisions
Marking-scheme solution
(a)
(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)
Cooperation, Not Individualism
There should be complete cooperation between the labour
and the management instead of individualism. Competition
should be replaced by cooperation.
Management should take workers into confidence before
making any important decision. At the same time workers
should avoid strikes and unreasonable demands.
(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.
(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)
Meeting changing environment requirements.
The principles are in the nature of general guidelines but
they are modified to help the managers meet changing
requirements of the environment.
Management principles are flexible to adapt to dynamic
business environment.
(iii)
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.
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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.