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Question
What is meant by 'efficiency' in management?
Solution
In management, efficiency means completing the given work or activities with minimum resources and cost.
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RELATED QUESTIONS
Explain any four characteristics of 'principles of management.'
Explain unity of command and equity as principles of general management
Explain the following principles of management:
Scalar chain.
Explain the following principles of management
Authority and Responsibility
What is Management? Explain the nature of management.
State the main objective of time study.
Bhasin’ limited was engaged in the business of food processing and selling its products under a popular brand. Lately the business was expanding due to good quality and reasonable prices. Also with more people working the market for processed food was increasing. New players were
also coming to cash in on the new trend. In order to keep its market share in the short run the company directed its existing workforce to work overtime. But this resulted in many problems. Due to increased pressure of work the efficiency of the workers declined. Sometimes the subordinates had
to work for more than one superior resulting in declining efficiency. The divisions that were previously working on one product were also made to work on two or more products. This resulted in a lot of overlapping and wastage. The workers were becoming indisciplined. The spirit of teamwork, which
had characterized the company, previously was beginning to wane. Workers were feeling cheated and initiative was declining. The quality of the products was beginning to decline and market share was on the verge of decrease. Actually the company had implemented changes without creating the required infrastructure.
a. Identify the Principles of Management (out of 14 given by Henry Fayol) that were being violated by the company.
b. Explain these principles in brief.
c. What steps should the company management take in
relation to the above principles to restore the company
to its past glory?
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.
According to the principle of ________ all employees should be given same treatment.
Match the correct pairs:
| Group A | Group B | ||
| a | Henry Fayol | 1 | Universal |
| b | Principle of unity of command | 2 | Father of Scientific Management |
| c | Time study | 3 | Specific |
| d | F.W. Taylor | 4 | French engineer |
| e | Management principles | 5 | Study the time required to do a job |
| 6 | German engineer | ||
| 7 | One man one boss | ||
| 8 | Study the body movements of the Worker | ||
| 9 | Father of nation | ||
| 10 | One man many bosses |
Write a word or phrase or a term which can substitute the following.
The statements of fundamental truth of management.
State with reasons whether the following statement true or false:
Principles of management improve the efficiency of employees.
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.
“Therefore, when the business was doing well, she honoured her commitment by giving bonus to her employees.” Which principle of management is being highlighted here?
Principles of management are NOT
Which of the following does not apply to Principles of Management :
Principles of management provide managers with useful insights into reality. Which of the following statements explain this appropriately:
How are the Management principles derived?
______ principle of management is being violated if management does not fulfill its promise to increase wages of the workers after the mission is accomplished.
Explain 'General Guidelines’ as a feature of principles of management.
Explain 'Universal Applicability' as a feature of principles of management.
