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According to Taylor, there should be an almost equal division of work and responsibility between workers and management. 
Identify the principle of Scientific management being discussed above.
  • a)
    Harmony, not discord
  • b)
    Science, not rule of thumb
  • c)
    Development of each and every person to his or her greatest efficiency and prosperity
  • d)
    Cooperation, not individualism
Correct answer is option 'D'. Can you explain this answer?
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According to Taylor, there should be an almost equal division of work ...
There should be complete cooperation between the labour and the management instead of individualism. Competition should be replaced by cooperation. Both should realise that they need each other. For this, management should not close its ears to any constructive suggestions made by the employees. They should be rewarded for their suggestions which results in substantial reduction in costs. They should be part of management and, if any important decisions are taken, workers should be taken into confidence. According to Taylor, there should be an almost equal division of work and responsibility between workers and management. All the day long the management should work almost side by side with the workers helping, encouraging and smoothing the way for them.
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According to Taylor, there should be an almost equal division of work ...
The principle of Scientific management being discussed in the given statement is Cooperation, not individualism.

Explanation:

Scientific management is a management theory that aims to improve productivity and efficiency by analyzing and optimizing workflows. It was developed by Frederick Winslow Taylor in the late 19th century.

The principle of cooperation, not individualism, is one of the key principles of Scientific management. It emphasizes that there should be a close collaboration between workers and management, with both parties working towards a common goal. This principle suggests that there should be an almost equal division of work and responsibility between workers and management.

Some of the key features of the principle of cooperation, not individualism, in Scientific management include:

1. Collaboration: Workers and management should work together to achieve common goals. This requires open communication, mutual respect, and a willingness to cooperate.

2. Equal division of work and responsibility: The workload and responsibilities should be shared between workers and management. Both parties should contribute to the success of the organization.

3. Teamwork: Workers and management should work as a team, with each member contributing their skills and expertise to achieve the desired outcomes.

4. Trust and respect: Workers and management should trust and respect each other's abilities and contributions. This helps to build a positive work environment and encourages collaboration.

Overall, the principle of cooperation, not individualism, is an important aspect of Scientific management. It emphasizes the importance of collaboration, teamwork, and mutual respect between workers and management, which can help to improve productivity and efficiency in the workplace.
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According to Taylor, management should not close its ears to any constructive suggestions made by the employees. They should be rewarded for their suggestions which results in substantial reduction in costs. They should be part of management and, if any important decisions are taken, workers should be taken into confidence. At the same time workers should desist from going on strike and making unreasonable demands on the management. Both should realise that they need each other. In fact, when there will be open communication system and goodwill there will be no need for even a trade union. Paternalistic style of management, whereby the employer takes care of the needs of employees, would prevail as in the case ofjapanese companies. Identify the principle of scientific management highlighted in the above paragraph.

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The advice of the expert committee to review the Fiscal Responsibility and Budget Management (FRBM) Act of 2003 requires attention, given Indias track record.Excessive and unsustainable borrowing by the government is obviously perverse as it entails a cost on future generations while crowding out private investment.In the past, fiscal irresponsibility has cost jobs, spiked inflation, put the currency in a tailspin and even brought the country to the brink of a default. The possibility of default may have resulted in the liberalisation of the economy in 1991, but the key trigger was irrational public spending on borrowed money in the late-1980s. Less than a decade later, with fiscal discipline faltering and the deficit shooting up to 10% of GDP, the FRBM law was enacted to limit the governments borrowing authority under Article 268 of the Constitution. But the target to limit the fiscal deficit to 3% of GDP (by 2009) was breached after the 2008 global financial crisis as a liberal stimulus reversed the gains in the fiscal space, creating fresh macro-level instability. The FRBM Acts deficit target is now only likely to be met next year.Such damage transmissions from the political economy to the real economy need to be checked forthwith. The committees proposal to maintain the 3% target till 2019-20 before aiming for further reduction is pragmatic, as the extraordinary and unanticipated domestic development of demonetisation happened during its tenure. Such an event, the committee has said, could trigger an escape clause from fixed fiscal targets in its proposed rule-based framework.Q. Which of the following is the plausible inference, in determining the causes of fiscal irresponsibility, can be attributed to the author of the above passage? Opening up of the market and liberalisation of the Indian economy in the 1990s. Destruction of jobs and employment. Spike in the Deflation. Currency Stabilisation.Select the correct answer from the code given below

According to Taylor, there should be an almost equal division of work and responsibility between workers and management.Identify the principle of Scientific management being discussed above.a)Harmony, not discordb)Science, not rule of thumbc)Development of each and every person to his or her greatest efficiency and prosperityd)Cooperation, not individualismCorrect answer is option 'D'. Can you explain this answer?
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According to Taylor, there should be an almost equal division of work and responsibility between workers and management.Identify the principle of Scientific management being discussed above.a)Harmony, not discordb)Science, not rule of thumbc)Development of each and every person to his or her greatest efficiency and prosperityd)Cooperation, not individualismCorrect answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about According to Taylor, there should be an almost equal division of work and responsibility between workers and management.Identify the principle of Scientific management being discussed above.a)Harmony, not discordb)Science, not rule of thumbc)Development of each and every person to his or her greatest efficiency and prosperityd)Cooperation, not individualismCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to Taylor, there should be an almost equal division of work and responsibility between workers and management.Identify the principle of Scientific management being discussed above.a)Harmony, not discordb)Science, not rule of thumbc)Development of each and every person to his or her greatest efficiency and prosperityd)Cooperation, not individualismCorrect answer is option 'D'. Can you explain this answer?.
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