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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.
meaning of all the 7 functions management
Definitions of management: 1. Productive and efficiency oriented: F.W.Taylor - 'The art of knowing what you want to do and then seeing that it is done in the best and the cheap
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Q. Describe the functions of managers? Planning, staffing, organizing, directing and controlling are the basic functions of management.
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