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Q.Explain the principles of management enunciated by Taylor. (any five)

Madhya Pradesh MpbseMP Board (MPBSE) Higher Secondary (Commerce) 2020Subjective· 5mImportance★★★★★
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Taylor's principles: science over rule of thumb, harmony, cooperation, worker development, maximum output.

Principles of management given by F.W. Taylor:

  1. Science, not rule of thumb — study and standardise each job scientifically instead of relying on guesswork.
  2. Harmony, not discord — bring about a 'mental revolution' so workers and management work in harmony for mutual benefit.
  3. Cooperation, not individualism — complete cooperation (not competition) between management and workers, sharing responsibilities and gains.
  4. Development of each person to his greatest efficiency and prosperity — scientifically select and train workers to their fullest ability. …

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