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What is Meant by 'Efficiency' in Management? - Business Studies

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प्रश्न

What is meant by 'efficiency' in management?

उत्तर

In management, efficiency means completing the given work or activities with minimum resources and cost.

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2014-2015 (March) Delhi Set 1

वीडियो ट्यूटोरियलVIEW ALL [1]

संबंधित प्रश्न

Explain briefly Espirit de Corps and Order as general principles of management.


Explain the following principles of management:

Development of Each and Every Person to His or Her Greatest Efficiency.


There are .................. levels of management in a business organisation.


Name the principle that is an extension of the "harmony, not discord".


If an organisation does not provide the right place for physical and human resources in an organisation, which principle is violated? What are the consequences of it?


Select the proper option from the options given below and rewrite completed Sentence.
14 principles of management are developed by ________.


Select the proper option from the options given below and rewrite completed Sentence.
Concentration of power of authority is stated in the principle of ________.


Write a word or phrase or a term which can substitute the following:

The one who is known as father of modern management.


Write a word or phrase or a term which can substitute the following.
The statements of fundamental truth of management.


Answer the following question.
Appliances India Ltd. is engaged in the manufacturing and distribution of home appliances since 1987. It has a good name in the market as the company is producing good quality appliances. It has separate departments for manufacturing, finance, sales maintenance services, and technical services to achieve specialization.

Since the areas of operations of the company have increased and customers have become more demanding, the company decided to modify the existing principle of management to meet the changing requirements of the environment.

State the general principle of management which the company wants to modify to meet the changing requirements.


Match the pairs.

Group A

Group B

A) Henry Fayol

1) Eight Foremen

B) Principle of Unity of Direction

2) F.W. Taylor

C) Principle of Management

3) Proper division of all activities

D) Scientific Management Theory

4) General guidelines

E) Functional Organization

5) A place for everything and everything in its place

 

6) One head-one plan

 

7) Low wage rate

 

8) Harmony between the employee and management

 

9) German engineer

 

10) Modern Management


Principles of management cannot be ______.


Read the following text and answer the following questions on the basis of the same:

After completing her Bachelors in Fashion Designing from a well-known college in France, Aditi has opened a boutique in a posh market in Kolkata. She has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. The sales persons are allowed to close a deal with a buyer by giving a maximum of 5 percent discount, whereas the decision to give any further discount rests with Aditi as the final authority.

In the earlier period of her business venture, employees were asked to put in extra hours of work. In return she had promised to give them a special incentive within a year. Therefore, when the business was doing well, she honour her commitment by giving bonus to her employees. She also instructed her employees that communication from top to bottom should follow the official lines of command. However, she tends to be more biased towards her female employees, when it comes to solve the conflicts among employees.

Aditi has divided the work in smaller units and each employee is well trained to perform his/her task efficiently. Which principle of management is being followed here?


In a cotton textile mill, various tasks viz. spinning, weaving, sizing, bleaching, etc. were divided to different groups of persons. Identify the principle of management stated here.


______ is the process of dividing work into manageable activities and then grouping the activities which are similar in nature. 


Match the NATURE of PRINCIPLES OF MANAGEMENT in Column I with their correct EXPLANATION in Column II.

  Column I   Column II
(1) Universal applicability (i) Direct but do not provide readymade, straitjacket solutions
(2) General guidelines (ii) Not rigid prescriptions, can be modified as per the situation
(3) Flexible (iii) Aim at influencing behaviour of human beings
(4) Behavioural (iv) Applicable to all types of organizations

Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately:


Explain 'General Guidelines’ as a feature of principles of management.


Principles of Management are not as accurate as principles of Science because ______.


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