Page 2 - Lesson Note 1

6. Cause and Effect Relationship: Management principles are based on cause and effect

that means these principles tell us if a particular principle is applied in a situation,
what might be the effect.

7. Contingent: Management principles are contingent or dependent upon the situation
prevailing in organisation.

Significance/ Importance of the Principles of Management: The importance of the

principles of management is mentioned below:

1. Furnishing managers with beneficial insights: These principles of management help
in raising the managerial effectiveness by adding to their knowledge, skills and ability

to comprehend the various situations more equitably.
2. Scientific decisions: Management principles assist the managers in taking the

decisions that are based on the goal-oriented situation. Hence, the decisions taken are
certainly logical, unbiased and free from any sort of prejudices.

3. Fulfilling social responsibilities: These principles of management are outlined in such

a way that they assist in fulfilling social responsibilities.
4. Management training, education and research: These principles of management are

utilised as a basis for management training, education and research.

Taylor’s Principles of Scientific Management:Scientific management involves specific

method of determination of facts through observation. The concept of scientific management
was introduced by Frederick Winslow Taylor in the USA in the beginning of 20th century. It

was further carried on by Frank and Lillian Gilbreth, Henry Gantt, etc. It was concerned

essentially with improving the operational efficiency at the shop floor level. “Scientific
Management is concerned with knowing exactly what you want men to do and then see in

that they do it best and cheapest way”. F.W. Taylor or Fredrick Winslow Taylor is also known
as the „father of scientific management‟ proved with his practical theories that a scientific

method can be implemented to management. Taylor gave much concentration on the supervisory
level of management and performance of managers and workers at an operational level. Let‟s

discuss in detail the 5 principles of management by F.W Taylor.