In the context of management principles, the concept that emphasizes the "Right place for everything" is the principle of Order. This principle, developed by Henri Fayol, highlights the importance of having everything in its appropriate and designated place for effective organization and function.
The principle of Order ensures that resources are efficiently utilized, minimizing waste and enhancing productivity. It involves assigning tasks and resources strategically to ensure that all necessary elements are readily available where and when needed.
Principle of Management | Description |
---|---|
Equity | Treating all employees fairly and impartially. |
Order | Ensuring each thing is in its right place. |
Initiative | Encouraging employees to take initiative and innovate. |
Unity of Command | Ensuring each employee reports to one manager only. |
Among the options provided, Order is the principle that aligns with the concept of having resources, people, and tasks properly arranged to facilitate smooth operations within an organization.
The principle of Order, as explained by Henri Fayol, emphasizes that all resources, both human and material, should be in their proper places. This ensures that every element is used in the most efficient way possible, enhancing organization and productivity within the workplace. By maintaining proper arrangement, organizations can reduce waste, improve workflow, and achieve greater operational efficiency.
Identify the techniques of Scientific management which are specified by
F.W. Taylor.
(A) Functional Foremanship
(B) Kanban
(C) Method Study
(D) Motion Study
(E) Kaizen
Choose the correct answer from the options given below:
List-I (Explanation) | List-II (Concept) |
(A) Benchmarks which must be adhered to during production | (I) Fatigue Study |
(B) Separation of planning and execution functions | (II) Method Study |
(C) Rest intervals are decided | (III) Standardization |
(D) Finding out one best way of doing the job | (IV) Functional Foremanship |
Arrange the following sentences logically:
A. He switched off the lights.
B. He brushed his teeth.
C. He lay down on the bed.
D. He read a few pages of his book.
A shopkeeper buys an item for Rs 2000 and marks it up by 50% to set the marked price. He then offers a 20% discount on the marked price. What is the profit earned by the shopkeeper?