Class 12 Business Studies Important Chapter 2 Principles of Management Solutions English Medium As Per The New Syllabus to each chapter is provided in the list so that you can easily browse through different chapters ASSEB Class 12 Business Studies Important Solutions in English and select need one. AHSEC Class 12 Business Studies Additional Notes Download PDF. HS 2nd Year Business Studies Additional Solutions.
Class 12 Business Studies Important Chapter 2 Principles of Management
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. ASSEB Class 12 Business Studies Additional Question Answer are part of All Subject Solutions. Here we have given HS 2nd Year Business Studies Important Solutions English Medium for All Chapters, You can practice these here.
Principles of Management
Chapter: 2
| PART – A Principles and Function of Management |
| IMPORTANT QUESTION AND ANSWER |
Answer The Following Questions:
1. What are the guiding principles followed by Toyota Motor Corporation?
Ans: Toyota follows principles such as honoring the laws of each nation, respecting culture, providing safe products, creating advanced technologies, fostering creativity and teamwork, pursuing growth with global harmony, and working with partners for mutual benefits.
2. What is the significance of principles of management in decision-making?
Ans: Principles of management are general guidelines that help in making decisions and actions effectively. They assist managers by providing insights, suggesting methods, and guiding actions in various management situations.
3. What is the difference between principles of management and techniques of management?
Ans: Principles of management are broad guidelines for decision-making, while techniques are specific methods or procedures used to achieve goals. Principles help in decision-making, whereas techniques help in executing those decisions.
4. Explain the concept of ‘Scientific Management’ by F.W. Taylor.
Ans: Scientific management involves applying scientific methods to improve efficiency in the workplace. Taylor emphasized breaking down tasks into smaller parts, using time and motion studies, and developing standardized methods to increase productivity and reduce costs.
5. Describe the historical evolution of management thought.
Ans: Management thought evolved through various phases, starting from early perspectives (3000-4000 BC), followed by Classical Management Theory, Neo-Classical Theory (Human Relations Approach), Behavioral Science, and modern management approaches like Operational Research and Management Science.
6. What are the main elements of Taylor’s scientific management?
Ans: The main elements include time studies, functional supervision, standardization of tools and methods, planning and execution separation, and task allocation. Taylor believed in rewarding workers for efficiency and promoting cooperation between management and workers.
7. What is the importance of division of work in Fayol’s principles of management?
Ans: Division of work leads to specialization, which increases efficiency and improves productivity. By assigning specific tasks to skilled workers, Fayol believed businesses could achieve more with less effort.
8. What is the principle of ‘Unity of Command’ according to Fayol?
Ans: Unity of Command states that each employee should receive orders from only one superior. This prevents confusion, ensures discipline, and helps maintain order within the organization.
9. How do Taylor’s principles of scientific management apply in the modern context?
Ans: Modern applications of Taylor’s principles include lean manufacturing, Kaizen (continuous improvement), and Six Sigma. Techniques like time study, motion study, and method study are still used in industries to optimize production processes and reduce waste.
10. How does the principle of ‘Subordination of Individual Interest to General Interest’ impact organizational effectiveness?
Ans: This principle ensures that the organization’s goals take precedence over individual desires. It promotes teamwork, reduces conflicts, and ensures that everyone works towards a common purpose, contributing to the overall success of the organization.
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