BUSINESS STUDIES
Project: Principles of Management
The students are required to visit any one of the following:
1. A departmental store.
2. An Industrial unit.
3. A fast food outlet.
They are required to observe the application of the general Principles of management advocated by Fayol.
Fayol’s principles
1. Division of work.
2. Unity of command.
3. Unity of direction.
4. Scalar chain
5. Espirit de corpse
6. Fair remuneration to all.
7. Order.
8. Equity.
9. Discipline
10. Subordination of individual interest to general interest.
11. Initiative.
12. Centralisation and decentralisation.
13. Stability of tenure.
14.Authority and Responsibility
OR
They may enquire into the application of scientific management techniques by F.W. Taylor in the unit visited.
Scientific techniques of management.
1. Functional foremanship.
2. Standardisation and simplification of work.
3. Method study.
4. Motion Study.
5. Time Study.
6. Fatigue Study
7. Differential piece rate plan.
The observations could be on the basis of
The different stages of division of work resulting to specialisation.
Following instructions and accountability of subordinates to higher authorities.
Visibility of order and equity in the unit.
Balance of authority and responsibility.
Communication levels and pattern in the organisation.
Methods and techniques followed by the organisation for unity of direction and coordination amongst all.
Methods of wage payments followed.
The arrangements of fatigue study.
Derivation of time study.
Derivation and advantages of method study.
Organisational chart of functional foremanship.
Any other identified in the organisation
It is advised that students should be motivated to pick up different areas of visit.
The students may develop worksheets.
Examples; worksheets, questionnaire, interviews and organisational chart etc.
Presentation and Submission of Project Report