henry fayol principles business studies class 12th
1.
2. 1)1) Acknowledgement………………………………………………….3Acknowledgement………………………………………………….3
2)2) Objective………………………………………………………………..4Objective………………………………………………………………..4
3)3) Organisation ………………………………..………………………..5Organisation ………………………………..………………………..5
4)4) Introduction To Management…………………………………7Introduction To Management…………………………………7
5)5) Types Of Management……………………………………………8Types Of Management……………………………………………8
6) Principles Of Management………………………………..……126) Principles Of Management………………………………..……12
8)8) Analysis Section……………………………………………………..14Analysis Section……………………………………………………..14
9)9) Questionnaire with Response……………………………..….13Questionnaire with Response……………………………..….13
10) Conclusion………………………………………………………….….2110) Conclusion………………………………………………………….….21
11) Bibliography…………………………………………………........…2211) Bibliography…………………………………………………........…22
12) End…………………………………………………………………….....2312) End…………………………………………………………………….....23
3. I would like to Express My Special Thanks and Gratitude to my
Learned Teacher Guide Mrs. Yavnika Arora and the worthly
Principal Dr. Satyaveer Singh Rao who Provided me not only
Motivation but valuable Guidance to completing this
Challenging Project . I Got Complete opportunity to do
Research which Enriched and Broadened my Knowledge and
understanding of this Area I am reachly Thankful to them.
Secondly I Would Like to thank My Parents and friends
who Helped me a lot in Finshing this Project with the Limited
Period Of Time .
I am Making This Project Not only to Get Makes But to
Increase My Knowledge and Understanding of this Area.
4. The purpose of this project is to see the Principles
of Management being implemented in real life.
With its help we shall get the information whether
the principles of management which we come
across in the books are actually true? And whether
by following the principles of management the
efficiency of the management is actually
enhanced.
5. Lifetime 1841 to 1925
Profession Mining Engineer and
Management theorist.
Education Graduated From mining
Academy.
Position Head Founded the Mining Company
Became its mining Director in
1880.
Writings Administration industriable at
General. It was published in
English as Industrial
Management.
Contributions Mainly 14 Management
Principles which are referred to
as administrative in nature and
have Top-Down Approach.
6. In order to achieve the objective of this project we
needed an organisation where business is carried
on a medium scale and various activities are
performed. On the advice of our Class In charge
Parle Biscuits Pvt. Ltd., Neemrana was selected
because it had following characteristics :-
It is capable of fullfiling the purpose of project.
It is situated nearby and visiting it would be easy.
Selection :Selection :
11. Questions Yes No No Response No. Of
Respondents
Do you have all the authority connected with your
work ?
56 24 70 150
12. Questions Yes No No Response No. Of
Respondents
Do you get orders from more than one boss ? 69 51 30 150
13. Questions Yes No No Response No. Of
Respondents
Do you get reasonable remuneration ? 51 49 50 150
It can be clearly seen that the company’s nearly half workmen are not happy with their
remuneration. So company should use this principle and provide good remuneration to all its
employees so that the may work whole-heartedly for the company.
14. The interests of one person should not take priority over the interests of the organization as a
whole.
Centralization as lowering the importance of the subordinate role. Decentralization is increasing
the importance. The degree to which centralization or decentralization should be adopted
depends on the specific organization.
SUBORDINATION OF INDIVIDUAL
INTERESTS TO THE GENERAL INTERESTS :
SUBORDINATION OF INDIVIDUAL
INTERESTS TO THE GENERAL INTERESTS :
Questions Yes No No Response No. Of
Respondents
Do you give top priority to the interests of the
company ?
16 2 2 20
Are the daily decisions made by the person
concerned ?
15 2 3 20
Are the major decisions taken only by the higher
authorities ?
80 25 45 150
Questions Yes No No Response No. Of
Respondents
It is seen that employees care for company’s benefits, which is beneficial for the company.
15. Managers in hierarchies are part of a chain like authority scale. Each manager, from the first line
supervisor to the president, possess certain amounts of authority. The President possesses the
most authority; the first line supervisor the least. Lower level managers should always keep
upper level managers informed of their work activities.
For the sake of efficiency and coordination, all materials and people related to a specific kind of
work should be treated as equally as possible.
SCALAR CHAIN :SCALAR CHAIN :
Question Yes No No Response No. Of
Respondents
Does the boss of your boss directly communicate
with you ?
90 20 40 150
ORDER:ORDER:
The study shows that the employees of the company have direct communication with the boss
of their boss, which violates the scalar chain principle, This principle should come in use of the
company because by its implementation lower level workers could work more efficiently.
My personal observation made it clear that all goods were placed at their decided place and
employees worked at their pre-determined place. Which is beneficial for the company.
16. All employees should be treated as equally as possible.
Retaining productive employees should always be a high priority of management. Recruitment
and Selection Costs, as well as increased product-reject rates are usually associated with hiring
new workers.
EQUITY:EQUITY:
Question Yes No No Response No. Of
Respondents
Does your company give equal remuneration to all
the employees doing a similar job ?
60 40 50 150
STABILITY OF TENURE OF PERSONNEL:STABILITY OF TENURE OF PERSONNEL:
Question Yes No No Response No. Of
Respondents
Have you served this company for more than 1 year ? 8 12 0 20
Above facts tell that the company is not conscious about this principle. Following of this
principle will lead to sense of belongingness in the hearts of the employees of the company.
This study shows that labour turnover of the company is high, which is not good for the
company. If this could be brought down the labour would feel job security and would work
more efficiently.
17. Management should take steps to encourage worker initiative, which is defined as new or
additional work activity undertaken through self direction.
A Manager Should Continuously Make Efforts to Develop A team Spirit Among the
Subordinates.
ESPIRIT DE CORPS:ESPIRIT DE CORPS:
INITIATIVE:INITIATIVE:
Question Yes No No Response No. Of
Respondents
Does your boss give importance to your suggestion ? 97 3 50 150
This shows that most of the employees felt that their opinions were given importance. This is
good, as it helps to encourage the employees and increase their confidence.
My observation says that the managers of the company a victims of superiority complex due to
which the feeling of employee is out of question. Managers should be told that they must take
care of the employees in a good manner, so that it may increase the confidence of the
employee over the company.
18. Sr.
No.
Question Yes No No Response No. Of
Respondents
1 Do you have all the authority connected with your
work ?
56 24 70 150
2 Do you get orders from more than one boss ? 69 51 30 150
3 Do you give top priority to the interests of the
company ?
60 60 30 150
4 Do you get reasonable remuneration ? 51 49 50 150
5 Are the daily decisions made by the person concerned
?
70 30 50 150
Are the major decisions taken only by the higher
authorities ?
80 25 45 150
6 Does the boss of your boss directly communicate with
you ?
90 20 40 150
7 Does your company give equal remuneration to all the
employees doing a similar job ?
60 40 50 150
8 Have you served this company for more than 1 year ? 58 42 50 150
9 Does your boss give importance to your suggestion ? 97 3 50 150
19. The 14 Principles advocated by Henry Fayol was
subject to Investigation on the Basis of which we
Can Conclude that only a principal of Management
are Being Observed in This Company and only 5
Principles are Being Ignored or Violated . In Case of
the managers want to ensure the success of the
Company they Shall Have to Implement the others
Principles of Management Which They Have Been
Ignored.
20. In making of this project most of the help was given
my Mrs Yavnika Arora PGT of Business Studies .
Other Sources :-
Business Management (+2) NCERT + R.k Singla
www.google.com
www.wikipedia.com