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Questions and Answers
According to Drucker, the purpose of business is:
According to Drucker, the purpose of business is:
- to acquire success in market
- to satisfy customers
- to get money
- to create and keep customers (correct)
Who is known as the father of scientific management?
Who is known as the father of scientific management?
- Elton Mayo
- Alfred Marshall
- F.W. Taylor (correct)
- Matthew Bolton
Who is known as the father of modern management?
Who is known as the father of modern management?
- Henri Fayol (correct)
- Max Weber
- Mary Follett
- Henry Gantt
Fredrick Taylor stressed on:
Fredrick Taylor stressed on:
Fayol suggested that organizations can be subdivided into ________main groups of activity.
Fayol suggested that organizations can be subdivided into ________main groups of activity.
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Study Notes
Management Theories
- The purpose of business, according to Dr. Drucker, is not explicitly stated in this text, but his work focuses on management by objectives, self-control, and employee autonomy.
Founders of Management Theories
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Frederick Winslow Taylor is known as the father of scientific management, emphasizing the use of scientific methods to improve industrial efficiency.
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Peter Drucker is known as the father of modern management, contributing to the development of management as a discipline.
Scientific Management
- Frederick Taylor stressed the importance of scientifically designing jobs and selecting, training, and developing workers to optimize productivity.
Administrative Management
- Henri Fayol suggested that organizations can be subdivided into six main groups of activity: technical, commercial, financial, security, accounting, and managerial.
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