After reading this article you will learn about the financial and non-financial incentives that are given to motivate workers. Financial or Monetary Incentives: This means to give more money and incite to more work as money is the important motivating factor. The main objective of that one who works more, is to get more. A financial incentive motivates more than [...]
Here is an essay on the ‘Principles of Management’ for class 11 and 12. Find paragraphs, long and short essays on the ‘Principles of Management’ for school and college students. Essay # 1. Nature of Principles of Management: Management is considered to be both a science and an art. Actually it is a social science. The principles of management have [...]
This article throws light upon the top five principles of scientific management theory suggested by Taylor. The principles are: 1. Rule of Thumb should be Replaced with Science 2. There should be Harmony, not Discord in Group Action 3. Cooperation, not Individualism 4. Maximum Output, not Restricted Output5. Development of Workers to their Fullest Capacity. Principle # 1. Rule of [...]