Engineering industry Over the past few years, the Indian engineering industry has grown significantly thanks to increased investments in infrastructure and industrial production. The engineering sector is crucial to India’s economy since it is intimately related to the industrial and infrastructure industries. India has made considerable progress in developing its engineering sector as it strives…
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What are the forms of Business Organization?
The fundamental forms of corporate ownership are as follows: 1. Sole Proprietorship Having just one owner makes a company a sole proprietorship. The least expensive form of ownership is also simple to set up. The owner is subject to unrestricted responsibility, which means that if the business can’t pay its debts, the owner’s assets could…
What are the types of Business?
There are three major types of businesses: 1. Service Business A service-type firm offers intangible (i.e., non-physical) items. Service-type businesses provide guidance, professional skills, knowledge, and other items of a similar nature. Examples of service businesses are Education, Tourism, Beauty Salons, Banks, Consultancy firms, accounting firms, and law firms. 2. Merchandising Business This kind of…
Short Questions of Management.
1. Who is the father of the Human Relations Approach and what does he assume? Ans: Elton Mayo is the father of the Human Relations Approach. The advocates of this school stressed the special importance of a human sense of value to understand manners and customs individually and in groups of organizational workers. The assumptions…
Short Questions of Management.
Ans: Elton Mayo is the father of the Human Relations Approach. The advocates of this school stressed the special importance of a human sense of value to understand manners and customs individually and in groups of organizational workers. The assumptions made are, (a) social factors influence any organization; (b) the employees employed in the organization…
Short Questions of Management
Ans: The following are the functions of management — (1) Planning, (2) Organizing, (3) Staffing, (4) Commanding, (5) Directing, (6) Motivating, (7) Controlling, (8) Coordinating. Ans: Administration is the decision of fundamental principles and objectives after staying at the organisation’s apex. According to Schulze, the administration is the power of the institution which decides principles…
Merits of Scientific Management
Scientific management introduces remarkable contributions to the industrial world. The basic objective of scientific management is to increase productivity with the help of increased efficiency in product and scientific management. Administrative Theory While the proponents of scientific management developed principles that could help workers in performing their tasks more efficiently, another classical viewpoint theory i.e.,…
Short Questions of Management
Ans: Management may be defined as” the process of achieving organizational goals by engaging the Five primary functions i.e., planning, organizing, staffing, leading, and controlling”. Ans: The characteristics of management include: Ans: Some features of the profession are generally found in management. But management cannot be called an outright profession. The characteristics of a profession…
You are given the names of the Management Theories on the left side and the names of the management philosophers who propounded the theories but in a random manner. You are required to match the left side to that of the right side.
Name of the management Theory Name of the management philosopher Scientific Theory of Management Elton Mayo Administrative Theory Management Abraham Maslow Bureaucratic Theory of Management Frederick Herzberg Theory of Human Relations Approach to Management Douglas McGregor Theory of Hierarchy of Needs Henri Fayol Two-Factor Theory of Motivation Max Weber Theory X and Theory Y Frederick…
What are the Functions of Management?
The function of Management may be described below: The first function of management is planning. The planning works out in broad outlines of the things that need to be done and the methods of doing them in an orderly manner. Planning for an objective is like the sketch of a building. Just as a building…