Business Studies

Explain the following Principles of management, as advocated by Henry Fayol:
Order


SOLUTION
Henri Fayol specialization promotes efficiency of the workforce and increases productivity. In addition, the specialization of the workforce increases their accuracy and speed. This management principle of the 14 principles of management is applicable to both technical and managerial activities.
Fayol defines the order principle as the systematic, orderly and proper arrangement of people, places and things.
In today's world, Fayol's order principle is still highly regarded. In the majority of organizations, human resource departments work to find the employees who are the best fit for a specific job..
View Answers

You're just one step away


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244558
Subjects 8
Chapters 125
Enrolled Students 300
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
IBM Corporation was founded in _______.
  • A. 1895
  • B. 1911
  • C. 1921
  • D. 1931

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Which of the following refers to a corporate body created by the Parliament of State Legislature by a special Act which defines its powers, functions and pattern of management?
  • A. Departmental undertaking
  • B. Statutory corporation
  • C. Government company
  • D. All of the above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
Can the public sector companies compete with private sector in terms of profit and efficiency? Give reasons for your answer.

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Feature(s) of a public corporation is/ are ________________________.
  • A. The primary motive of the corporation is to earn private profits
  • B. It cannot sue and cannot be sued and cannot enter into contracts in its own name
  • C. Both (A) and (B)
  • D. Neither (A) nor (B)

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
Which of the following is example of a public corporation?
  • A. Life Insurance Corporation of India
  • B. Employees State Insurance Corporation
  • C. Industrial Development Bank of India
  • D. All of above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer