CBSE Class 12 Business Studies 2023 Outside Delhi set 3

© examsnet.com
Question : 10
Total: 11
Explain the following principles of management given by Fayol:
(i) Discipline
(ii) Remuneration to employees
(iii) Unity of Command.
Solution:  
(i) Discipline: It is the obedience to organisational rules by the subordinates. Discipline requires good supervisors at all levels, clear and fair agreements and judicious application of penalties. Without discipline, nothing can be accomplished. It is the core value for any project or any management. Good performance and sensible interrelation make the management job easy and comprehensive. Employees, good behaviour also helps them smoothly build and progress in their professional careers.
(ii) Remuneration of Employees: The overall pay and compensation should be, fair to both employees and the organisation. The wages should encourage the workers to work more and better. This plays an important role in motivating the workers of a company. Remuneration can be monetary or non-monetary. However, it should be according to an individual's efforts they have made.
(iii) Unity of Command: It implies that every worker should receive orders and instructions from one superior only, otherwise it will create confusion, conflict, disturbance and overlapping of activities.
© examsnet.com
Go to Question: