bst ch 2

Techniques of scientific management and fayol's principles of management

scientific techniques by taylor

1. Functional foremanship

2. Standardisation and simplification of work

3. method study

4. motion study

5. time study

6. fatigue study

7. differential piece wage system

8. concept of mental revolution

modern scientific techniques

1. operations research

2. lean manufacturing

3. kaizen

4. six sigma

5. just in time manufacturing

acronym for principles of management by fayol

DAD-U-C-USSR-PEPSI

principles of management by fayol

1. D - Division of work

2. A - Authority and Responsibilty

3. D - Discipline

4. U - Untiy of command

5. C - Centralisation and decentralisation

6. U - unity of direction

7. S - Subordination of individual interest

8. S - priciple of scalar chain

9. R - Remuneration of persons

10. P - Principle of order

11. E - Espirit de corps

12. P - Principle of equity

13. S - Stability of tenure

14. I - Initiative