CBSE Class 12 Business Studies Principles of Management Worksheet Set G

Read and download free pdf of CBSE Class 12 Business Studies Principles of Management Worksheet Set G. Download printable Business Studies Class 12 Worksheets in pdf format, CBSE Class 12 Business Studies Chapter 2 Principles of Management Worksheet has been prepared as per the latest syllabus and exam pattern issued by CBSE, NCERT and KVS. Also download free pdf Business Studies Class 12 Assignments and practice them daily to get better marks in tests and exams for Class 12. Free chapter wise worksheets with answers have been designed by Class 12 teachers as per latest examination pattern

Chapter 2 Principles of Management Business Studies Worksheet for Class 12

Class 12 Business Studies students should refer to the following printable worksheet in Pdf in Class 12. This test paper with questions and solutions for Class 12 Business Studies will be very useful for tests and exams and help you to score better marks

Class 12 Business Studies Chapter 2 Principles of Management Worksheet Pdf

PRINCIPLES OF MANAGEMENT
 
Concept of Principles of Management
Principles of Management are the broad and general guidelines for managerial decision making, behavior and action. The management principles are derived from observation, analysis,
experimental studies and personal experiences of the managers. Nature of Principles of Management The nature of principles of management can be described in the following points:
 
1. Universal applicability i.e. they can be applied in all types of organizations, business as well as non-business, small as well as large enterprises.
 
2. General Guidelines: They are general guidelines to action and decision making however they do not provide readymade solutions as the business environment is ever changing or dynamic.
 
3. Formed by practice and experimentation: They are developed after thorough research work on the basis of experiences of managers.
 
4. Flexible: They can be adapted and modified by the practicing managers as per the demands of the situations as they are manmade principles.
 
5. Mainly Behavioral: Since the principles aim at influencing complex human behavior they are behavioral in nature.
 
6. Cause and Effect relationship: They intend to establish cause & effect relationship so that they can be used in similar situations.
 
7. Contingent: Their applicability depends upon the prevailing situation at a particular point of time. According to Terry, “Management principles are ‘capsules’ of selected management wisdom to be used carefully and discretely”.
Significance of the Principles of Management The significance of principles of management can be derived from their utility which can be understood from the following points:
 
1. Providing managers with useful insights into reality: Management principles guide managers to take right decision at right time by improving their knowledge, ability and understanding of various managerial situations and circumstances.
 
2. Optimum utilization of resources and effective administration: Management principles facilitate optimum use of resources by coordinating the physical, financial and human resources. They also help in better administration by discouraging personal prejudices and adopting an objective approach.
 
3. Scientific decisions: Decisions based on management principles tend to be more realistic, balanced and free from personal bias.
 
4. Meeting the changing environmental requirements: Management principles provide an effective and dynamic leadership and help the organization to implement the changes.
 
5. Fulfilling social responsibility: Principles of management not only help in achieving organizational goals but also guide managers in performing social responsibilities. Example: “Equity” and “Fair” remuneration.
 
6. Management training, education and research: Management principles are helpful in identifying the areas in which existing and future managers should be trained. They also provide the basis for future research.
 
SCIENTIFIC MANAGEMENT – TAYLOR’S PRINCIPLES OF MANAGEMENT
 
Meaning: Conduct of business activities according to standardized tools, methods and trained personal so as to have increased output through effective and optimum utilization of resources. Hence it stresses that there is always one best way of doing things. Scientific Management attempts to eliminate wastes to ensure maximum production at minimum cost.
 
Principles of Scientific Management
 
1. Science, not rule of Thumb: There should be scientific study and analysis of each element of job rather than using intuition, experience or adopting old rule of thumb approach on a hit and miss method. Encourage “thinking before doing” and determining standard output.
 
2. Harmony, not discord: There should be complete harmony and proper understanding between management and workers in achieving the organization goals. For this he emphasized mental revolution i.e., a complete change in mental outlook and attitude of workers and management towards one another from competition to cooperation. The management should create pleasant working conditions and workers should work with full loyalty. Instead of fighting over distribution of profits, they must focus attention on increasing it.
 
3. Cooperation not individualism: Taylor emphasized on the importance of cooperative group efforts between the management and workers in achieving the organization’s goal and not individualism. Both should realize that they need each other.
 
4. Development of workers to their greatest efficiency and prosperity: The management should scientifically select the workers; assign job as per their physical, mental and intellectual capabilities; and train them as per the job requirement to increase their efficiency.


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CBSE Class 12 Business Studies Chapter 2 Principles of Management Worksheet

The above practice worksheet for Chapter 2 Principles of Management has been designed as per the current syllabus for Class 12 Business Studies released by CBSE. Students studying in Class 12 can easily download in Pdf format and practice the questions and answers given in the above practice worksheet for Class 12 Business Studies on a daily basis. All the latest practice worksheets with solutions have been developed for Business Studies by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their examinations. Studiestoday is the best portal for Printable Worksheets for Class 12 Business Studies students to get all the latest study material free of cost.

Worksheet for Business Studies CBSE Class 12 Chapter 2 Principles of Management

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Chapter 2 Principles of Management worksheet Business Studies CBSE Class 12

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Chapter 2 Principles of Management CBSE Class 12 Business Studies Worksheet

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Worksheet for CBSE Business Studies Class 12 Chapter 2 Principles of Management

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