Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:
According to this principle of scientific management, the employees should be rewarded for their suggestions which results in substantial reduction in the cost.
Options:
Science, not rule of thumb
Co-operation, not individualism
Harmony, not discord
All of the above
Correct Answer:
Co-operation, not individualism
Explanation:
Cooperation, Not Individualism: There should be complete cooperation between the labour and the management instead of individualism. This principle is an extension of principle of ‘Harmony not discord’. Competition should be replaced by cooperation and both management and workers should realise that they need each other. For this, management should not close its ears to any constructive suggestions made by the employees. They should be rewarded for their suggestions which results in substantial reduction in costs. They should be part of management and, if any important decisions are taken, workers should be taken into confidence. At the same time workers should desist from going on strike and making unreasonable demands on the management.