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Ask QuestionPosted by Nikhil Choudhary 5 years, 5 months ago
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Posted by Sakshay Aggarwal 5 years, 5 months ago
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Posted by Ritik Singh 5 years, 5 months ago
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Sia ? 5 years, 5 months ago
Management is not considered as science as:
- Management deals with people and it is very difficult to predict there behaviour accurately since it is a social process therefore management cannot be considered as an exact science.
- Human Behaviour Cannot be subjected to laboratory experiments.
- Business is a dynamic activity, business situations and conditions keeps on changing therefore theories can be failed.
- Management principles do not have universal applicability since there applications and rules has to be modified according to given situation.
- Business has to honour social ethics, norms, values no one can ignore these. Business has to follow ethics before principles.
- Methods of observations followed by mgt are not cent percent since the human element which is involved in it can never be treated as constant.
- Sometimes it is very difficult to establish cause & effect relationship as in chemistry and Physics.
- Relatively few managers are trained and experienced some of them even don't know the principles of the management.
- According to Earnest Dale," Management is a Soft Science."
Posted by Aadhithya _Aadhithya 5 years, 5 months ago
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Sia ? 5 years, 5 months ago
Posted by Kirat Kaur 5 years, 5 months ago
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Sia ? 5 years, 5 months ago
Coordination activates each function of management and makes them effective and purposeful. It helps in achieving harmony among individual efforts for attaining organisational goals. It is present in all the activities of an organisation such as production, sales, finance etc.
Posted by Saumya Chaurasia 5 years, 5 months ago
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Tanya Jaiswal 5 years, 4 months ago
Anubhuti Srivastava 5 years, 5 months ago
Sia ? 5 years, 5 months ago
Management is all pervasive that means it is applicable everywhere.Because,it has universal application. It is applicable to educational institutions as well as NGO's. Management means to get the things done from others.
Posted by Rajesh Maurya 5 years, 5 months ago
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Sia ? 5 years, 5 months ago
Because management unites the efforts of different individuals in the organisation Towards achieving the goals.
Posted by Sharan Kaur 5 years, 5 months ago
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Anubhuti Srivastava 5 years, 5 months ago
Posted by Sharan Kaur 5 years, 5 months ago
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Posted by Sharan Kaur 5 years, 5 months ago
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Posted by Misthi Kansal 5 years, 5 months ago
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Sia ? 5 years, 5 months ago
AN ICE CREAM SHOP BUSINESS TAX REGISTRATION (business license)
(also called occupational license or business permit)
AN ICE CREAM SHOP DBA (DOING BUSINESS AS)
(fictitious/assumed business name or trade name) Alternatively you can form an LLC or incorporate
A FEDERAL TAX ID (EIN)
You can use it as a sole owner to open a bank account instead of using your SS#.Employers , independent contractors, LLC, corporation are required to obtain it
AN ICE CREAM SHOP SELLER'S PERMIT /WHOLE SALE RESALE STATE ID
This is the sales tax id you will need if you will sell retail or whole sale or buy wholesale any icecream shop material , item, merchandise, food etc.
Posted by N Pavani N Pavani 5 years, 5 months ago
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Posted by Nikhil Khandelwal 5 years, 5 months ago
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Sia ? 5 years, 5 months ago
The business environment is the sum total of all external factors that influence the functioning of a business enterprise. The combination of internal and external factors that influence a company's operating situation. The business environment can include factors such as: clients and suppliers; its competition and owners; improvements in technology; laws and government activities; and market, social and economic trends.
Posted by Anchal Panwar 5 years, 6 months ago
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Anubhuti Srivastava 5 years, 5 months ago
Posted by Suraj Shukla 5 years, 6 months ago
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Posted by Bhupi Makkar 5 years, 6 months ago
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Yash Singh 3 years, 6 months ago
Yash Singh 3 years, 6 months ago
Sia ? 5 years, 6 months ago
The two terms Effectiveness and Efficiency mean different but are related to each other. Effectiveness aims to achieve the goals within time. Efficiency focuses on optimum use of resources to achieve the goals. Yes, the production manager of Vaibhav Garments Ltd. is effective as he could achieve the target to produce 10,000 shirts in a month.
Posted by Sharan Kaur 5 years, 6 months ago
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Posted by Jasmeen Jaggi 5 years, 6 months ago
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Posted by Isha Soni 5 years, 6 months ago
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Sia ? 5 years, 6 months ago
Posted by Reeshi Seth 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
The policies of liberalisation, privatisation and globalisation by the government affect the functioning of the business enterprises. The following points highlight the impact of government policy changes on the business and industry.
i. Increased Competition: As a result of the policies such as relaxation of the licensing policy and reduction of import duties, the competition faced by the domestic firms increases. India companies experienced competition in service industry such as telecommunication, banking, insurance, etc.
ii. Increased Demand: As competition increases, the choice of goods and services for the consumers also increases. Thus, consumers also gain from quality products and greater variety.
iii. Change in Business Policies: The government policies directly impact the functioning of the business enterprises. As a result, they have to alter their policies appropriately.
iv. Technological Changes: As competition increases firms tend to find new and innovative ways to survive in the market. In such a scenario, technological improvements become imperative.
v. Need for Trained Personnel: Innovations and improvement in product, application of improved technologies requires skilled and trained personnel. Thus, there arises a need for the development of human resources.
vi. Greater Market Orientation: With increased competition, the production has become market oriented. That is, the enterprises produce as per the demand market.
vii. Less Reliance on Budgetary Support by Public Sector Enterprises: To survive the increased competition, the public sector enterprises must improve efficiency and productivity rather than relying on budgetary support to cover their losses.
Posted by Suraj Shukla 5 years, 6 months ago
- 2 answers
Shivam Sharma 5 years, 5 months ago
Anubhuti Srivastava 5 years, 6 months ago
Posted by Suraj Shukla 5 years, 6 months ago
- 1 answers
Anubhuti Srivastava 5 years, 6 months ago
Posted by Suraj Shukla 5 years, 6 months ago
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Sia ? 5 years, 6 months ago
Simplification means eliminating superfluous sizes, varieties and dimensions. Too many designs spoil the real beauty of a masterpiece. Its aim is to:
- Eliminate unnecessary diversity of products and thereby reduce costs.
- Help in achieving economy in the use of required machines and tools.
Standardization of work is the technique of scientific management, which helps in establishing interchangeability of manufactured parts and products.
It is the process of setting standards for every business activity, process, raw materials, time, machinery and methods to achieve efficiency.
Standardization of the product implies that the size, design, quality, shape, etc of the product should meet the requirements and tastes of consumers. Moreover, it also makes the product competitive in the market.
The objectives of standardization are- To maintain quality standards.
- To set up performance standards for men.
- To provide interchangeability of manufacture and products.
- To achieve targeted production.
- To get hold of the customers,
- To enable a further improvement in the product, if required.
- To make the product highly competitive.
- To cut down unwanted cost expenditure.
Posted by Suraj Shukla 5 years, 6 months ago
- 1 answers
Sia ? 5 years, 6 months ago
Four points which highlight the importance of principles of management are
- To Provide Managers with Useful Insights into Reality: Principles of management are derived on the basis of continuous observation and analysis of events which managers face in real world situations. They help managers to improve their knowledge, ability and understanding of managerial situations These principles enable managers to learn from past mistakes and conserve time by solving recurring problems quickly. Thus, management principles increase the efficiency of managers.
- Optimum Utilisation of Resources and Effective Administration: Optimum utilisation of resources emphasise that resources(physical, financial and human) should be utilised in such a manner that they should give maximum benefit with minimum cost. Principles of management help in organising various activities in such a way that results in elimination of unwanted activities thereby reducing inefficiency and wastage of resources. It also increases the efficiency of management, as through these principles managers adopt a systematic and logical approach to overcome the problems and discard hit and trial approaches.
- Scientific Decision: Management principles help in thoughtful decision making because they are based on logical reasoning after making detailed research and investigation rather than blind faith or guess work. Such decisions are free from bias and prejudice. These principles develop a scientific approach as they give a realistic and subjective measurement for evaluation. Management principles are based on the objective assessment of the situation.
- Meeting Changing Environment Requirements: Modern business environment is complex and ever-changing. In order to be survive and grow, organisations have to adapt to these changes. Although, principles are general guidelines but they are flexible and can be frequently modified as per business environment, which are favourable and profitable for the business.
Posted by Suraj Shukla 5 years, 6 months ago
- 2 answers
Yogita Ingle 5 years, 6 months ago
The nature of principles of management can be described in the following points:
1. Universal applicability i.e. they can be applied in all types of organizations, business as well as non-business, small as well as large enterprises.
2. General Guidelines: They are general guidelines to action and decision making however they do not provide readymade solutions as the business environment is ever changing or dynamic.
3. Formed by practice and experimentation: They are developed after thorough research work on the basis of experiences of managers.
4. Flexible: Which can be adapted and modified by the practicing managers as per the demands of the situations as they are man-made principles.
5. Mainly Behavioural: Since the principles aim at influencing complex human behaviour they are behavioural in nature.
6. Cause and Effect relationship: They intend to establish relationship between cause & effect so that they can be used in similar situations.
7. Contingent: Their applicability depends upon the prevailing situation at a particular point of time. According to Terry, “Management principles are ‘capsules’ of selected management wisdom to be used carefully and discretely”.
Posted by Suraj Shukla 5 years, 6 months ago
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Yogita Ingle 5 years, 6 months ago
It increases the efficiency of performing work. Functional foremanship provides for the orderly execution of work by employing eight foremen. other techniques such as motion,fatigue,time study are an attempt to understand workers problem and guide them towards increasing speed and the efficiency in performing tasks. They set time, provide frequent intervals of rest and eliminate unnecessary movements in order to achieve goals effortlessly.
Posted by Suraj Shukla 5 years, 6 months ago
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Sia ? 5 years, 6 months ago
A differential piece-rate system is a method of wage payment in which after tests have set a standard time for any task assigned the worker gets a high piece rate for completing the job within the allotted time and lower piece rate for completing the job beyond the allotted time.
Posted by Suraj Shukla 5 years, 6 months ago
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Posted by Suraj Shukla 5 years, 6 months ago
- 2 answers
Yogita Ingle 5 years, 6 months ago
Principles of Scientific Management
(1) Science, not rule of Thumb: There should be scientific study and analysis of each element of a job in order to replace the old rule of thumb approach or hit and miss method. We should be constantly experimenting to develop new techniques which make the work much simpler, easier and quicker.
(2) Harmony, Not discord: It implies that there should be mental revolution on part of managers and workers in order to respect each other’s role and eliminate any class conflict to realize organizational objectives.
(3) Cooperation not individualism: It is an extension of the Principle of Harmony not discord whereby constructive suggestions of workers should be adopted and they should not go on strike as both management and workers share responsibility and perform together.
(4) Development of each and every person to his or her greatest Efficiency and Prosperity: It implies development of competencies of all persons of an organization after their scientific selection and assigning work suited to their temperament and abilities. This will increase the productivity by utilizing the skills of the workers to the fullest possible extent.
Yogita Ingle 5 years, 6 months ago
Principles of Management
Principles of management are broad and general guidelines for managerial decision making and behavior (i.e. they guide the practice of management).
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Shalini Sharma 5 years, 5 months ago
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