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Define the management principle 'Unity of Direction'.
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Unity of Direction means that all activities must be directed towards the same objectives, ensuring coordination and focus.
What are the four elements included in 'Work Study'?
The four elements of Work Study are Time Study, Method Study, Motion Study, and Fatigue Study, aimed at optimizing work processes.
How does 'Mental Revolution' contribute to better labor-management relations?
Mental Revolution involves shifting attitudes towards more positive relationships, fostering cooperation and reducing conflicts between workers and management.
What is meant by the principle 'Division of Work' according to Henri Fayol?
Division of Work involves breaking work into small tasks to increase efficiency and expertise.
Explain the concept of 'Differential Piece Rate System' introduced by Taylor.
Differential Piece Rate System is a compensation method where workers are paid based on their productivity, incentivizing higher output.
What role does 'Scientific Decision Making' play in management?
Scientific Decision Making involves using systematically gathered data and verified principles to make informed managerial decisions.
How do the principles of management help in decision making?
They provide guidelines based on scientific research and managerial experience that aid in making informed decisions.
Describe 'Scalar Chain' in Fayol's management principles.
Scalar Chain is the line of authority where information and commands flow from top management to the lowest ranks in a clear hierarchy.
What is meant by 'Optimum Utilization of Resources'?
It refers to using resources efficiently with minimal wastage to achieve the best possible outcomes for the organization.
Explain the principle of 'Equity' as proposed by Henri Fayol.
Equity refers to treating all employees fairly to foster good relationships within the organization.
What does the principle of 'Functional Foremanship' entail according to Taylor?
Functional Foremanship involves dividing managerial tasks between several specialists to improve efficiency and effectiveness.
What does Henri Fayol's principle of 'Esprit de Corps' mean?
Esprit de Corps means promoting team spirit to enhance organizational morale and unity.
Explain the 'Cause and Effect Relationship' in the context of management principles.
It refers to understanding how the application of certain management principles leads to specific outcomes and results.
How does 'Order' contribute to organizational efficiency according to Fayol?
Order involves organizing everything systematically for easy access and efficiency, ensuring the right person and tools are in the right place at the right time.
What is Taylor’s principle of 'Science Not Rule of Thumb'?
It emphasizes basing decisions on scientific methods rather than relying on personal judgment or traditional methods.
What is the importance of 'Stability of Tenure' according to Fayol?
Stability of Tenure emphasizes maintaining employee stability by avoiding frequent transfers and ensuring job security for better performance.
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