Principles of Taylor and Fayol are mutually complementary. One believed that management should share the gains with the workers, while the other suggested that employees compensation should depend on the earning capacity of the company and should give them a reasonable standard of living.
Identify and explain the principles of Fayol and Taylor referred to in the above para.

principles of Taylor and Fayol are matually complementary. One belived that the management should share the gain with the workers while the other suggested that emloyees copenasation should depend upon the earning capacity of the company and should give then a resonable standard of living. Identify and explain the principles of management by Tayol and Fayol referred to in para ?

Pawan is working as a 'production manager' in CFL Ltd. Engaged in manufacturing of CFL bulbs. There is no class conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that properity of the company cannot exist for a long time without the prosperity of the employees. Identify the principle of management described in the above para.

Flavours Ltd. Was engeged in the business of marking handmade chocolates. Lately, the business was expanding due to good quality and reasonable prices. As the demand was increasing, Flavours Ltd. Decided to explore bakery products as well. In order to make bakery products the company directed its workforce to work overtime but this resulted in multiple problems. Due to increased pressure the efficiency declined and the workers had to take orders from more than one suerior. Workers were overburdened and their health was also affected. Gradually the quality of the products began to decline and market share also went. The company realised that had implemented changes without waiting for required infrastructure. Identify and explain the principle/technique of Taylor/Fayol referred to in the above para.

Taylor's prescription for efficiency depends to a large extent on personnel competencies. To increase efficiency, workers should be given the requires training. Efficient employees will product more and earn more. Efficiency also requires the search for one best method of doing the job. The best method chosen must lead to determination of a fair day's work. There must be a compensation system that differentiates those who are able to result of the joint efforts of the managers and the workers. Thus, rather than quarrelling over the share in the resultant surplus, the workers and managers should work in harmony for maximising the output rather than restricting it. Identify and explain the principles/techniques of scientific management as given by Taylor discussed above.

Mr. Ram stared a small business with limited investment, he hired labour and them very less wages over the time with broad vision of Ram and hard work of his employees. The business started earning very good revenure but with increase in earning capacity of campany also Ram did not increases the wages and salary of his employees, they were not able to maintain a reasonable standared of living. Identify the principle of management, overlook by Mr. Ram.