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10231 Levels of Management – Top, Middle and Lower

The term “Levels of Management” refers to a line of demarcation between various managerial positions in an organization. The number of levels in management increases when the size of the business and work force increases and vice versa. The level of management determines a chain of command, the amount of authority & status enjoyed by […]

11516 Techniques of Scientific Management

Time Study It is a technique which enables the manager to ascertain standard time taken for performing a specified job. Every job or every part of it is studied in detail. This technique is based on the study of an average worker having reasonable skill and ability. Average worker is selected and assigned the job […]

10230 Importance of Management

It helps in Achieving Group Goals – It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of organization clearly there would be no wastage of time, money and effort. Management converts disorganized […]

10235 Is Management Really a Profession? Key Insights

Over a large few decades, factors such as growing size of business unit, separation of ownership from management, growing competition etc have led to an increased demand for professionally qualified managers. The task of manager has been quite specialized. As a result of these developments the management has reached a stage where everything is to […]

12902 Coordination and Cooperation

Co-ordination is an orderly arrangement of efforts to provide unity of action in the fulfillment of common objective whereas co-operation denotes collective efforts of persons working in an enterprise voluntarily for the achievement of a particular purpose. It is the willingness of individuals to help each other. Co-ordination is an effort to integrate effectively energies […]

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  1. Development of Science for each part of men’s job (replacement of rule of thumb)

    1. This principle suggests that work assigned to any employee should be observed, analyzed with respect to each and every element and part and time involved in it.
    2. This means replacement of odd rule of thumb by the use of method of enquiry, investigation, data collection, analysis and framing of rules.
    3. Under scientific management, decisions are made on the basis of facts and by the application of scientific decisions.
  2. Scientific Selection, Training & Development of Workers

    1. There should be scientifically designed procedure for the selection of workers.
    2. Physical, mental & other requirement should be specified for each and every job.
    3. Workers should be selected & trained to make them fit for the job.
    4. The management has to provide opportunities for development of workers having better capabilities.
    5. According to Taylor efforts should be made to develop each employee to his greatest level and efficiency & prosperity.
  3. Co-operation between Management & workers or Harmony not discord

    1. Taylor believed in co-operation and not individualism.
    2. It is only through co-operation that the goals of the enterprise can be achieved efficiently.
    3. There should be no conflict between managers & workers.
    4. Taylor believed that interest of employer & employees should be fully harmonized so as to secure mutually understanding relations between them.
  4. Division of Responsibility

    1. This principle determines the concrete nature of roles to be played by different level of managers & workers.
    2. The management should assume the responsibility of planning the work whereas workers should be concerned with execution of task.
    3. Thus planning is to be separated from execution.
  5. Mental Revolution

    1. The workers and managers should have a complete change of outlook towards their mutual relation and work effort.
    2. It requires that management should create suitable working condition and solve all problems scientifically.
    3. Similarly workers should attend their jobs with utmost attention, devotion and carefulness. They should not waste the resources of enterprise.
    4. Handsome remuneration should be provided to workers to boost up their moral.
    5. It will create a sense of belongingness among worker.
    6. They will be disciplined, loyal and sincere in fulfilling the task assigned to them.
    7. There will be more production and economical growth at a faster rate.
  6. Maximum Prosperity for Employer & Employees

    1. The aim of scientific management is to see maximum prosperity for employer and employees.
    2. It is important only when there is opportunity for each worker to attain his highest efficiency.
    3. Maximum output & optimum utilization of resources will bring higher profits for the employer & better wages for the workers.
    4. There should be maximum output in place of restricted output.
    5. Both managers & workers should be paid handsomely.

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