Thursday, December 24, 2020

Taylor V/s Fayol

 Topic Covered:

1) Difference between Taylor and  Fayol

2) Difference between Unity of command and  Unity of Direction

Thursday, December 17, 2020

Financial Mangement Open Book Examination (SOL) Question Paper

 Financial Management (B.Com) Open Book Examination (SOL) Question Paper

Open Book Examination Phase 1

Fayol's Principles of Management

 Topic Coverd:
Henri Fayol's Principle of Management. He was the Father of General Management.
1. Division of Work
2. Authority and Responsibility
3. Discipline
4. Unity of Command
5. Unity of Direction
6. Subordination of Individual Interest
7. Remuneration
8. Centralization
9. Scalar Chain
10. Order
11. Equity
12. Stability
13. Initiative
14. Esprit de Corps

Tuesday, December 1, 2020

F.W Taylor ( Father of Scientific Management)

*Frederick Winslow Taylor ( March 20, 1856-March 21,1915) was an American Mechanical Engineer who sought to improve industrial efficiency. He was one of the first Management Consultants.

* Principles by FW Taylor.