Management Principles and Practices

Questions and Answers

What principle is exemplified by the workshop where employees share tools and work together?

Division of labor

Identify the management principle highlighted in the scenario involving Sundar Pichai.

Diversity and inclusion

What are two positive effects of diversity and inclusion in the workplace?

Brings fresh ideas and perspectives; enhances company's reputation

Which principle was not observed by Craft Industries in their recruitment policy?

Job security Signup and view all the answers

Mention one adverse effect of frequent employee turnover.

Loss of productivity Signup and view all the answers

What does initiative mean according to management principles?

Taking the first step with self-motivation Signup and view all the answers

How can management promote team spirit according to the principle of esprit de corps?

By fostering unity and harmony among employees Signup and view all the answers

Match the positive effects of esprit de corps with their corresponding consequences of violation:

Develops an atmosphere of mutual trust = Lack of team spirit and cooperation Helps in achievement of group goals = Group goals may not be achieved Leads to cordial relations between management and workers = Unhealthy relations between management and workers Signup and view all the answers

According to Fayol, employees should be encouraged to take ______ in making and executing the plans.

initiative Signup and view all the answers

What should a manager replace 'I' with in conversations to foster team spirit?

We Signup and view all the answers

The principle of initiative means following established practices without deviation.

False Signup and view all the answers

Study Notes

Division of Labor

Division of labor involves breaking work into specialized tasks, increasing efficiency.
Example illustrated through a workshop where employees share tools and collaborate.

Diversity and Inclusion

Promotes a multicultural workforce, enhancing creativity and innovation through diverse ideas.
Boosts a company's reputation by fostering an environment of equality and fairness.

Job Security

Craft Industries failed to observe the principle of job security by employing trainees temporarily.
Consequences of frequent employee turnover include:
- Loss of productivity due to training time for new hires.
- Increased recruitment costs impacting financial performance.
- Loss of institutional knowledge and skills when experienced employees leave.

Initiative

Encourages employees to take self-motivated initiative in executing plans.
Suggested implementation includes an employee suggestion system with rewards for valuable contributions.
Initiative should not compromise company discipline or established practices.

Esprit de Corps

Management should cultivate unity and teamwork, vital for achieving organizational goals.
Teamwork transcends individual targets, focusing on collective success (T.E.A.M - Together Everyone Achieves More).
Positive impacts of esprit de corps include:
- Atmosphere of mutual trust.
- Enhanced achievement of group goals.
- Improved relations between management and employees.
Consequences of neglecting esprit de corps:
- Lack of cooperation and team spirit.
- Failure to meet group objectives.
- Unhealthy relations between management and workers.

Employee Suggestions Scenario

Tarun's suggestion on a cost-saving ad technique highlights the importance of openness to employee initiatives.
Sales manager's dismissal of suggestions demonstrates a violation of the principle fostering initiative and participation.

Description

Explore key management concepts such as division of labor, diversity and inclusion, job security, and employee initiative. This quiz highlights the importance of effective workforce collaboration and job stability in enhancing productivity. Test your understanding of how these principles impact an organization's success.