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MERITS and DEMERITS OF TAYLORS THEORY
MERITS OF TAYLORS THEORY
Taylor's advocacy of scientific approach and management revolutionised management thoughts and practices which were previously based on rule of thumb or induction.
DEMERITS OF TAYLORS THEORY
It violates the fundamental principle of organization, mostly unity of command which holds that one man should have only single boss. The mental revolution is the cornerstone of scientific management and it never materialized except in isolated cases and for small period of time.
Limitations: 1. Workers feared that they require working harder and faster and may lead to exhaust whatever work was available causing lay off and therefore they formed unions
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Advantages: 1.Many social events are such that they have already occurred and cannot be repeated or replicated. Causes behind many events cannot be created or reproduced. Hence
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Characteristics of management: 1. Management is good oriented. It achieves the organizational goals through coordination of the efforts of the personnel. 2. Management work
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Cost Str ucture: The bond of a firm fixed costs to its variable costs. Firms with high fixed costs and low variable costs have a cost construction where a high volume
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