Management Principles and Principles & Techniques of Scientific Management

Principles of management are broad and general guidelines for decision-making and behaviour of managers. Principles are different from techniques and values. They are general guidelines, flexible, formed by practice, mainly behavioural, contingent and have universal applicability. Significance of principles of management:
•    they provide managers with useful insights into reality,
•    optimum utilisation of resources,
•    effective administration,
•    help in making scientific decisions,
•    help in meeting changing environment needs and requirements and
•    help in fulfilling social responsibility.
Scientific Management means knowing exactly what you want men to do and seeing that they do it in the best and the cheapest way. It aims at:
•    increasing production and providing better quality goods through the use of better and latest technological methods of production,
•    reducing cost by using various cost control techniques,
•    eliminating wastes at every level of production,
•    placing right persons at right jobs through scientific selection and
•    training of employees and paying higher wages to efficient workers.
Principles of scientific management:
•    Science not rule of thumb;
•    harmony, not discord;
•    cooperation, not individualism and
•    development of each and every person

Techniques of scientific management:
•    functional foremanship,
•    standardisation of work and simplification of work,
•    method study,
•    motion study,
•    time study,
•    fatigue study and
•    differential piece wage system.


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