PRINCIPLES OF MANAGEMENT — OCM STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceOCMPRINCIPLES OF MANAGEMENT5 Marks
Question
Describe in detail about classical thoughts.
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Answer
Thoughts of Classical Theory:
$1.$ The thoughts of management presented till the end of 19th century are known as thoughts of classical theory. Frederick Taylor, Max Weber, Gilbreath, Henry Gantt and Henri Fayol were the main promoters of thoughts of classical theory.
$2.$ Among these, the contribution of Taylor is quite important.
$3.$ The principles of scientific management presented by Frederick Taylor exist in the theory of management even today.
$4.$ The method of scientific management favors scientific principles by ‘time and motion study’ rather than relying on traditional methods.
Scientific management has made important contribution in the areas of specialization in management, progressive wages system, responsibility and scientific distribution of task.
$5.$ Contribution of Henri Fayol in thoughts of classical theory is also quite significant. He gave certain general principles of management.
$6.$ He decided levels of different tasks in business unit and tried to set limits for each task.
$7.$ He also provided universal principles of management as guidelines for performing managerial duty at different levels.
$8.$ Max Weber also contributed into thoughts of classical theory. By the end of $19th$ century, formats and size of industries started growing due to industrial revolution. The classical theory proved to be less effective on these large industries and so there rose a need for changes in these principles. There rose a need of paying importance to financial motivation, less important to human approach and informal relations, etc.
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