Marris Growth Maximisation Model
Assignment Set 2
Question 1
What are the principles of management?
Answer
There are fourteen principles of management laid by Henri Fayol. They are elaborated further below.
Division of labour
A particular task is divided into several units or segments, each performed by specialists in order to achieve efficiency.
Authority and responsibility coexist
Responsibility must be understood properly in order to achieve command in the business by taking the right decision at the right time for the right purpose.
Unity of command
There should be single chain of command in the organisational structure which means one person should report to only one boss
Unity of direction
Managers must be methodical and must approach with a single plan following the single universal approach to achieve goals
Equity
Management actions must be a combination of fairness, justice and empathy layered with the idea of productivity-based incentives.
Order
The entire process of productivity must balance on a discrete system which governs on the principles of desired output
Discipline
Management must elaborate through the entire chain of command the necessary of maintaining norms, rules and guidelines to enhance productivity and harmony in workplace
Initiative
The workers must find their job interesting so that they are enthusiastic about learning new responsibilities, thus bringing effectiveness.
Fairness
Various industrial laws and norms are established and governed by the respective legislative bodies to ensure a system of fairness, justice, equality is maintained within the industrial as well as organisational environment.
Stability
Proper schooling of guidelines, methodologies, and systems involved; creates team spirit, smoothness and enhances productivity. Thus an employee will always adjust himself or herself according to the dynamic reality.
Scalar chain
A strict and coordinated effort of inflow and outflow of information from top level to the lowest level of
Question 1
What are the principles of management?
Answer
There are fourteen principles of management laid by Henri Fayol. They are elaborated further below.
Division of labour
A particular task is divided into several units or segments, each performed by specialists in order to achieve efficiency.
Authority and responsibility coexist
Responsibility must be understood properly in order to achieve command in the business by taking the right decision at the right time for the right purpose.
Unity of command
There should be single chain of command in the organisational structure which means one person should report to only one boss
Unity of direction
Managers must be methodical and must approach with a single plan following the single universal approach to achieve goals
Equity
Management actions must be a combination of fairness, justice and empathy layered with the idea of productivity-based incentives.
Order
The entire process of productivity must balance on a discrete system which governs on the principles of desired output
Discipline
Management must elaborate through the entire chain of command the necessary of maintaining norms, rules and guidelines to enhance productivity and harmony in workplace
Initiative
The workers must find their job interesting so that they are enthusiastic about learning new responsibilities, thus bringing effectiveness.
Fairness
Various industrial laws and norms are established and governed by the respective legislative bodies to ensure a system of fairness, justice, equality is maintained within the industrial as well as organisational environment.
Stability
Proper schooling of guidelines, methodologies, and systems involved; creates team spirit, smoothness and enhances productivity. Thus an employee will always adjust himself or herself according to the dynamic reality.
Scalar chain
A strict and coordinated effort of inflow and outflow of information from top level to the lowest level of