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Principles of Taylor and Fayol are mutually complementary. One believed that management should not close its ears to constructive suggestions made by the employees, while the other suggested that a good company should have an employee suggestion system, whereby suggestions which result in substantial time or cost reduction should be rewarded.Identify and explain the principles of Taylor and Fayol referred in the above para. |
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Answer» (i) The principle of Taylor referred to is—Cooperation, not individualism It states that there should be complete cooperation between Labour and Management. Competition should be replaced by cooperation. (ii) The principle of Fayol referred to is—Initiative According to this principle, employees in the organisation must be given an opportunity in making and executing plan. |
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