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12200 Study of Fayol and Taylor

Both the persons have contributed to development of science of management. The contribution of these two pioneers in the field of science of management has been reviewed as “The work of Taylor & Fayol was, of course, especially complementary. They both realized that problem of personnel & its management at all levels is the key […]

8827 What is Management?

Management is a universal phenomenon. It is a very popular and widely used term. All organizations – business, political, cultural or social are involved in management because it is the management which helps and directs the various efforts towards a definite purpose. According to Harold Koontz, “Management is an art of getting things done through […]

10232 Objectives of Management

The main objectives of management are: Getting Maximum Results with Minimum Efforts – The main objective of management is to secure maximum outputs with minimum efforts & resources. Management is basically concerned with thinking & utilizing human, material & financial resources in such a manner that would result in best combination. This combination results in […]

10236 Management as a Science

Science is a systematic body of knowledge pertaining to a specific field of study that contains general facts which explains a phenomenon. It establishes cause and effect relationship between two or more variables and underlines the principles governing their relationship. These principles are developed through scientific method of observation and verification through testing. Science is […]

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 […]

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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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