Target Exam

CUET

Subject

Business Studies

Chapter

Principles of Management

Question:
Harmony, not discord is concerned with which of the following?
Options:
Management should share the gain with the employees
Investigations of tasks by management
Observation and analysis by management
None of the above
Correct Answer:
Management should share the gain with the employees
Explanation:
Harmony, Not Discord: Taylor emphasized that there should be complete harmony between the management and workers. Both should realise that each one is important. To achieve this state, Taylor called for complete mental revolution on the part of both management and workers. It means that management and workers should transform their thinking. In such a situation even trade unions will not think of going on strike etc. Management should share the gains of the company, if any, with the workers. At the same time workers should work hard and be willing to embrace change for the good of the company. Both should be part of the family. According to Taylor, ‘Scientific management has for its foundation the firm conviction that the true interests of the two are one and the same; that prosperity for the employer cannot exist for a long time unless it is accompanied by prosperity for the employees and vice versa’