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CBSE Class 12-commerce Answered

want to learn techniques of principles of management  
Asked by jessicashekhawat4 | 20 Aug, 2018, 06:37: AM
answered-by-expert Expert Answer

Fredrick Taylor coined the term 'Scientific Management' in 1911. According to Taylor, a scientific analysis of the work must be done so as to find the best method of doing it so as to increase the effectiveness and efficiency of work. It involves working according to standardised techniques and tools. It calls for specialisation such that both quality and quantity of the product are improved while reducing the cost.

Taylor gave the Principles of Scientific Management and Functional Foremanship and various techniques of management such as method study, motion study etc.  Scientific management techniques are prove to be helpful because the company can work according to standardised techniques. This in turn will help in improving the quantity and quality of the product. Moreover, it will help in reducing the costs. 

Answered by Tharageswari S | 20 Aug, 2018, 09:49: AM

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