Henry Fayol 1
Division of Work
Dividing work into smaller tasks. Assigning work according to the capability and experience of the person.
Mental Revolution
change in the attitude of the worker. co-operation between workers and the management
Principle of order
Orderly arrangement of men and material; a Fixed place for everything and everyone in the organization.
Bonus
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Meaning of Effectiveness
Completing the task on time, no matter at what cost.
Discipline
following rules, code of conduct, meeting commitment and if not followed then penalty should be applied.
Differential piece wage rate system
Paying different wage rates for efficient and inefficient employees.
Principle of equity
Fair and just treatment to employees. No discrimination on the basis of color, caste, creed, race, and religion.
Standardisation
Emphasis on maintaining standards relating to every step of business operations. Standard output, standard tools, equipments, machines and quality.
Meaning of efficiency
Completing the task with minimum cost.
Unity in Command
The employee should receive orders only from one superior.
Method Study
find out one best method to do the task. Deciding not by rule of thumb, but by trying out all the methods and choosing the best one thereafter.
Stability of tenure
No frequent terminations, transfers, and rotation.
Simplification
Elimination of unnecessary product lines or variety
Meaning of Management is Pervasive
Management activities are performed in all type of organizations, department, and at all levels
Unity in Direction
One unit, one plan.
Time Study
Standard time, Standard target, determining the number of workers to perform a task.
Espirit De Corps with example
"I" should replace "WE". Feeling of Mutual Trust, belongingness among team.
Fatigue study
It is conducted to find out frequency and duration of rest intervals
Social objectives of the business
Organizational commitment towards the society
Subordination of Individualintrest to general Intrest with example
Interest of the organization must supersede the interest of individual and employees
Motion Study
To determine the movement of the workers and eliminating unproductive movements.
Scaler Chain
every organisation must follow the line of authority or chain of superiors from highest to lowest rank. Every information must pass through every key of this list
Functional foremanship
Division of work in the factory in two departments (Planning and Production department)
What are three main levels of management
Top, Middle, and Lower Management.