What are the principles of management …
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Yogita Ingle 4 years, 5 months ago
The philosophy of scientific management is based upon the following principles:
This method can be developed through study and analysis. It involves the following steps:
(i) Investigation of traditional methods {it) Unifying the best practices.
(ii) Developing a standard method.
Selecting ‘one best method’ for activities can result in saving time, effort, money and resources.
It implies that management should share the gains with workers and workers should work hard for the betterment of the business.
It also emphasises that prosperity of the employer cannot exist for long if it is not accompained by the prosperity of its employees, and vice versa, e.g. Japanese work culture, where the workers wear a black badge if they go on strikes and works more than normal working hours to gain the sympathy of the management.
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