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 ?

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.

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.

Karan Nath took over D' north Motor Company from his ailing father three months ago. In the past, the company was not performing well Karan was determined to improve the company's performance He observed that the methods of production as well as selection of employees in the company were not scientific He believed that there was only one best method to maximise efficiency He also felt that once the method is developed, the workers of the company should be trained to learn that 'best method He asked the Production Manager to develop the best method and carry out the necessary training. The Production Manager developed this method using several parameters right from deciding the sequence of operations, place for men, machines and raw materials till the delivery of the product to the customers. This methods was implemented throughout the organisation. It helped in increasing the output, improving the quality and reducing the cost and wastage Identify and explain the principles and the technique of scientific management followed by the Production Manager in the above case

Karan nath took over 'D' north Motor Company' from his aliling father three months ago. In the past the company was not performing well. Karan was determined to improve the company's performance. He obseved that the methods of production as well as selection of employees in hte company were not scientific. He believed that there was only one best method to maximize efficiency. He also felt that once the method is developed, the workers ofthe company should be trained to learn that best method'. He asked the Production Mangaer the develop the est method and carry out the necesasary training. The Production Manager developed this method using several parameters right from deciding the sequence of operations, place for men, machines and raw materials till the delivery of the product to the customers. This method was implemented throughout the organization. It helped in increasing the output, improving the quality and reducing the cost and wastage. Identify and explain the principles and the technique of scientific management followed by the Production Manager in the above case.